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In April this year the European Parliament in Strasbourg said "no" to the multi-annual budget which Governments of the European Union member Countries had agreed upon in February 2013. The changes may be minimal, but a strong message was sent to governments by the only institution in Europe...
Persistent link: https://www.econbiz.de/10011134442
started in 2008 feeds a political and academic debate not so deeply developed since the great crisis of the ‘30s. More Euro … or less Euro? More market or less market? More State or less State? Did the expansionary austerity fail, or did it create … risk of implosion of the Euro currency, isn’t it better to manage an exit strategy from the Euro “on the leftâ€, rather …
Persistent link: https://www.econbiz.de/10011134441
periods euro and the euro zone will be subject to strong domestic and international pressure, we are convinced that the single …
Persistent link: https://www.econbiz.de/10011112750
The economic governance of the Eurozone has been substantially improved in the last two years. However, the Eurozone still exhibits a dramatic coordination failure. Economic growth is being invoked, without anybody acting to make it realise. If a common macroeconomic stabilisation device was in...
Persistent link: https://www.econbiz.de/10010854281
By looking at historical evidence McCloskey concludes that the great transformation of the Industrial Revolution was made possible by the change in attitudes, reflected ultimately in the change in rhetoric, towards Bourgeois values. This paper explores the importance of the change in rhetoric by...
Persistent link: https://www.econbiz.de/10008533250
Structural reforms in labour and product markets are required in a number of euro-area countries. A question in this … regard, which is the topic of this paper, is whether belonging to the euro area tends to help or hinder structural reform … the decade since 1993 between euro-area countries and other OECD countries. Overall, euro-area countries appear to have …
Persistent link: https://www.econbiz.de/10005045886
second session dealt with the specific problems of the euro area, where insufficient attention to macroeconomic developments …
Persistent link: https://www.econbiz.de/10011277938
The Russian Government remains committed to the resource model. Every year more and more difficult to meet the country's needs for material wealth at the expense of resource revenues. The biggest debate is to validate the measures and forms of government involvement in the economy. The results...
Persistent link: https://www.econbiz.de/10011260673
In the wake of the global change of a new accumulation regime in main capitalist economies, the opening up and liberalisation process of emerging economies from the 1980s has provoked great expectations that resulted in recurrent disappointing crises. Studied as a stylized fact, the Turkish...
Persistent link: https://www.econbiz.de/10009402058
This paper looks at three countries that have been hard-hit by the world economic recession, and have turned to the IMF for assistance: Hungary, Latvia, and Ukraine. In all of these countries, it would appear that there were more sensible responses to the crisis that would reduce the loss of...
Persistent link: https://www.econbiz.de/10008545829