• Opinion piece by Simon Tilford
    Project Syndicate, 16 June 2011

    A flawed understanding of what drives economic growth has emerged as the gravest threat to recovery in Europe. European policymakers are obsessed with national “competitiveness,” and genuinely appear to think that prosperity is synonymous with trade surpluses.

  • Bulletin article by Philip Whyte, 01 June 2011

    In March, European leaders agreed a 'grand bargain' that was designed to restore flagging confidence in the eurozone. The deal, they hoped, would return the most troubled countries – Greece, Ireland and Portugal – to debt sustainability and prevent catastrophic contagion to other, larger economies such as Italy and Spain.

  • Insight by Philip Whyte, 21 May 2011

    When EU finance ministers met in Brussels on 18 May, many observers expected sparks to fly. The reason? This was the first EU meeting that Britain’s newly-elected government would attend.

  • Opinion piece by Simon Tilford
    Financial Times, 12 May 2011

    Even as the ink is drying on Portugal's European Union and International Monetary Fund bail-out agreement, evidence is mounting that last year's bail-outs of Greece and Ireland have failed. Far from improving their access to the financial markets, Greece and Ireland face record borrowing costs.

  • Insight by Simon Tilford, 09 May 2011

    Even as the ink is still drying on Portugal’s EU/IMF ‘bail-out’ agreement, it is becoming clear that Greece’s 2010 bail-out has failed to improve the sustainability of its public finances.

  • Bulletin article by Philip Whyte, 01 April 2011

    Ever since the eurozone crisis broke out in late 2009, European leaders have sought to reconcile two mutually incompatible objectives: the need to restore market confidence in the zone's indebted periphery; and the unbending refusal of creditor countries in the core to turn the zone into a 'transfer union'.

  • Insight by Simon Tilford, 31 March 2011

    Many European policy-makers and business leaders believe that a country's economic growth prospects depend on its ability to capture a growing share of global markets.

  • Bulletin article by Simon Tilford, 01 February 2011

    Germany has rightly been criticised for its dependence on exports and its huge trade surpluses. In normal times, when economies are growing healthily, trade imbalances pose less of a problem.