Macroeconomics & the euro

The implications of Syriza’s victory

The implications of Syriza’s victory

26 January 2015
Greece is not at imminent risk of leaving the euro. But the negotiations will be difficult and uncertainties over Greece's membership will persist.
Quantitative easing alone will not ward off deflation

Quantitative easing alone will not ward off deflation

21 January 2015
Quantitative easing alone will do little to boost the eurozone economy. The ECB needs to shift expectations and this requires a different approach to monetary policy.
Greece will remain in the euro for now

Greece will remain in the euro for now

16 January 2015
Neither Greece nor the eurozone want Grexit, and it is unlikely to happen. But neogiations will be difficult and uncertainties over Greece's membership will persist.
Germany and the eurozone: The view from Paris

Germany and the eurozone: The view from Paris

16 December 2014
The French are gloomy about their relationship with the Germans and the chances of economic growth. But they are working on new ideas for eurozone governance.
The ECB is not the German central bank

The ECB is not the German central bank

02 December 2014
The ECB should stop waiting for German approval of more aggressive monetary policy, and Germany should back the ECB more openly.
Public investment: A modest proposal

Public investment: A modest proposal

01 December 2014
A eurozone-wide public investment stimulus is neither impossible nor mad, but should be part of a strategy to pull the economy off the rocks.
Does a eurozone slump make Brexit more likely?

Does a eurozone slump make Brexit more likely?

10 November 2014
Eurozone stagnation will encourage migration to Britain, boost its EU budget contributions, and rebalance its trade towards non-EU markets. This will embolden eurosceptics.
A Greek programme for Greece

A Greek programme for Greece

05 November 2014
The programmes for Greece are not working. It is time for a new approach that focuses on the long-term and Greek ownership.
The eurozone’s German problem

The eurozone’s German problem

20 October 2014
Germany’s uncompromising stance is short-sighted, and poses a greater risk to its economic and political interests than a ‘grand bargain’ with the French and Italians.

Unlocking Europe's capital markets union

Hugo Dixon
15 October 2014
The goal of a capital markets union should be to develop healthy non-bank sources of finance. This should be achieved mainly by liberating, not controlling markets.
Why devaluing the euro is not mercantilism

Why devaluing the euro is not mercantilism

02 October 2014
The ECB needs to be more innovative and drastic to weaken the euro. This would help the eurozone without hurting the world economy.
Bulletin issue 98

Issue 98 - 2014

Agata Gostyńska-Jakubowska, Christian Odendahl, John Springford, Rem Korteweg
26 September 2014
How to pull the eurozone out of the mire

How to pull the eurozone out of the mire

26 September 2014
To free the eurozone, public investment, tax cuts and monetary stimulus are needed.
Brussels medicine

How Brussels' medicine is killing the 'French patient'

24 September 2014
France is not yet the 'sick man of Europe', but it is ailing thanks to swallowing too much bad medicine prescribed by Brussels and Berlin.
EU enlargement

EU enlargement

31 July 2014
A number of member-states are unenthusiastic about further EU enlargement, but has the EU grown as much as it is going to?
The banking union alone cannot bring recovery

The banking union alone cannot bring recovery

29 July 2014
The banking union is a work in progress but a significant step in the right direction. However, it will not be enough for a proper recovery.
Interest rates

The eurozone's real interest rate problem

08 July 2014
Aggressive fiscal and regulatory policies are needed to counteract the effects of divergent real interest rates in the eurozone – but this is not happening.
The eurozone is no place for poor countries

The eurozone is no place for poor countries

27 June 2014
The gap between the eurozone’s richer and poorer members is as wide as in 1999 and is growing. Poorer prospective members should take note.