The ageing of the European population gave rise to heated discussions. Most participants recommended severe reductions of public pensions, a shift towards a funded system and increased savings of the current generation to reduce the burden of the next one. The paper elaborates five...

Flexicurity, an "integrated strategy to simultaneously strengthen flexibility and security in the labour market", is perceived both by the European Union and in economic policy discussion as a tool to overcome current weaknesses in the labour market. In actual practice, flexicurity was typically...

Seit den letzten Jahren des vorigen Jahrhunderts ist nicht bloß in den wohlhabenden Industriestaaten sondern auch weltweit ein Überschuss des gewünschten Sparens über den Investitionsbedarf entstanden. Die Suche nach Anlagemöglichkeiten, drückte die Zinssätze, löste Kapitalmarktblasen...

Most observers ascribe the recent stagnation in Europe and her falling back behind the US-economy to insufficient and delayed deregulation and privatization, excessive social expenditure, a lag in new technology; some observers mention restrictive economic policy as well. The stagnation,...