The Commission's energy roadmap is a missed opportunity

Written by Stephen Tindale, 22 December 2011

Instead of modelling scenarios in its 2050 energy roadmap, the Commission should have identified priorities for 2012 action: energy efficiency, ETS and a 2030 renewables target.

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Eurozone ministers approve $170 billion bailout for Greece

Los Angeles Times

20 February 2012

"What the Greek economy is going through basically is a massive demand shock," said Simon Tilford, chief economist at the CER. "Unless they help the Greek economy back to growth, then I don't think there's any chance of the Greeks being able to abide by the terms of this bailout."

Europe's growth woes worsen

The Wall Street Journal

15 February 2012

"If everyone is deleveraging and fiscal policy is tightened against that backdrop, then no one spends," said Philip Whyte of the CER. "There has been a sea change in emphasis" from austerity to growth in much of Europe, Mr Whyte said, "but I don't detect much of a change in German thinking."

Doubts grow over austerity for Greece

Voice of America

15 February 2012

Philip Whyte, senior research fellow at the CER, describes the standoff between Greece and its creditors - which also includes the International Monetary Fund and the European Central Bank - as a bluffing game. "The social strains in Greece are increasing by the day. ...

UK austerity v US stimulus: Divide deepens as eurozone cuts continue

The Guardian

14 February 2012

"More people are openly questioning the economic logic of fiscal austerity at a time of pronounced private-sector weakness. The spectre of Greece and Portugal is putting advocates of the current strategy on the defensive," says Simon Tilford, chief economist at the CER.

What if this was the easy part?

New York Times

13 February 2012

"The IMF has never approached a country like this," said Simon Tilford of the CER. "With this much austerity, it would always have a huge devaluation, too." But Greece cannot devalue its currency because it uses the euro, so "Greece has been asked to do something the IMF has never asked another country to do."

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