Macroeconomics & the euro

Will the eurozone reap what it has sown?

Will the eurozone reap what it has sown?

24 September 2015
The slowdown in emerging markets leaves the eurozone even more reliant on exports to the US and UK to compensate for its feeble domestic economy.
Lighten the load

Lighten the load

26 August 2015
Greece’s debt burden needs to be reduced, but maturity extensions on existing loans are not enough for Greece to return to the markets.
How to keep Greece in

How to keep Greece in

27 July 2015
Unless the eurozone invests economically and politically in the future of Greece, the country's future in the single currency remains in doubt.
Could eurozone integration damage the single market?

Could eurozone integration damage the single market?

27 July 2015
Britain fears that the eurozone could caucus and impose rules on the EU single market. So David Cameron is asking for safeguards to protect the market.
Offline? How Europe can catch up with US technology

Offline? How Europe can catch up with US technology

26 July 2015
The EU should not fret about the power of US internet giants. The take-up of digital technology across the services sector is more important than a 'European Google'.
The Greek bailout deal resolves nothing

The Greek bailout deal resolves nothing

13 July 2015
Even if the new bailout makes it through the Greek parliament in coming weeks, the programme's economic incoherence will make it fall apart.
Legal options

Thomas Cromwell or the executioner's axe? Options for a Grexit

Agata Gostyńska-Jakubowska, Camino Mortera-Martinez
10 July 2015
EU lawyers are working to find a creative way to accommodate a Grexit if it becomes inevitable. None of the options are legally watertight or desirable.
5 presidents' report

The eurozone's 'five presidents' report': An assessment

22 June 2015
The long-awaited report rightly aims to complete a financial union in the eurozone, but over-emphasises structural reforms and underplays the need for stronger counter-cyclical policies.
Grexit

Greece: After a deal, work on a solution

11 June 2015
A deal between Greece and its creditors is still likely but what the country really needs is a Greece-led, cross-party plan to transform its institutions. 
How will the eurozone cope with the next downturn?

How will the eurozone cope with the next downturn?

27 May 2015
Eurozone policy-makers will have little ammunition to combat the next downturn: interest rates will still be close to zero, public debt and unemployment high.
Do the UK's European ties damage its prosperity?

Do the UK's European ties damage its prosperity?

Philip Whyte
30 April 2015
Eurosceptic claims that EU regulation and the protectionism of other member-states are holding back Britain's economy – and that withdrawal would be a liberation – are nonsense.
Vorsprung durch Grexit?

Vorsprung durch Grexit?

17 April 2015
German officials are sanguine about the consequences of Grexit, and view it as increasingly likely. Merkel would be well-advised to prevent it from happening.
The low-hanging fruit of European capital markets

The low-hanging fruit of European capital markets

08 April 2015
The planned capital markets union in Europe faces many obstacles. Commissioner Hill was right to start with the lower-hanging fruit.
Disunited Kingdom: Why ‘Brexit’ endangers Britain’s poorer regions

Disunited Kingdom: Why ‘Brexit’ endangers Britain’s poorer regions

07 April 2015
A British exit from the EU most imperils the UK's poorest regions, and could make the country's regional inequality worse.
German rebalancing: Waiting for Godot?

German rebalancing: Waiting for Godot?

09 March 2015
Far from rebalancing, Germany’s trade surplus continues to grow. This is in nobody’s interests. The German government could and should take steps to reduce it.
Reduced to rouble?

Reduced to rouble? An update on the Russian economy

24 February 2015
The Russian economy is heading for a long recession. Economic collapse, which could still occur, is not in the West's interests.