The countdown to the realisation of the Single European Market at the end of 1992 is taking place parallel to drastic political and economic changes in Eastern Europe Both of these processes will affect relations between the EC and the CMEA countries The following article analyses the possible...

Sooner or later, the ECB must accept that monetary financing in support of deficit spending is a necessity not just for mitigating the coronavirus crisis, but also for averting a downward deflationary cycle that could pull the eurozone apart.

With the spectre of a recession looming in the eurozone (and elsewhere), the policy question arises as to how much leeway do the fiscal authorities in the eurozone have to follow counter-cyclical fiscal policies aimed at providing some stimulus to the economy.