iOS app Android app

European Economy

Draghi, Other Central Bankers Should Focus Stimulus Efforts on Equities

European Horizons | Posted 09.12.2016 | Politics
European Horizons

By Steven Kelly, contributor at The International Political Economy Hub. European government bond markets saw yields rise last week as the eurozone's...

Brexit: Consequences And Significance

Joseph V. Micallef | Posted 06.24.2016 | World
Joseph V. Micallef

The Brexit vote does not herald the possible beginning of a EU breakup, not by any means. It does mean, however, ... that both Great Britain, and the EU specifically and the global economy in general, are in for a period of prolonged uncertainty and instability that will not be resolved anytime soon.

To Do 'Whatever It Takes,' the ECB Will Have to Take Some Risks

European Horizons | Posted 04.26.2017 | Politics
European Horizons

By Steven Kelly, University of Wisconsin. Contributor at the International Political Economy Hub blog. At the height of the euro crisis in 2012, it t...

What Europe Needs Most Is What It Fears Most: Migrants

European Horizons | Posted 03.28.2017 | World
European Horizons

This resurgence in far-right ideology is partly due to security concerns, but, as in the U.S., is also a response to Europe's legacy economic woes. This far-right momentum, if continued, will prove to be a perverse response to the crises facing Europe, only exacerbating economic pain.

Political Risk is Preventing European Economic Recovery

European Horizons | Posted 03.11.2017 | Politics
European Horizons

As the European economy continues to stall and as there is still a lack of active, coordinated fiscal policy in Europe and the Eurozone, political turmoil will continue at the polls and in government bond markets.

Should the IMF Have Let Greece Default in 2010?

European Horizons | Posted 02.23.2017 | Politics
European Horizons

Given that the politics of Europe have prevented a robust economic recovery since then, one has to wonder if the political environment would be more recovery-friendly had the IMF let Greece collapse.

Energy, Crucial for Europe's Industrial Renaissance

Ignacio Sánchez Galán | Posted 11.24.2016 | World
Ignacio Sánchez Galán

Europe needs a common energy policy that is capable of meeting the challenges of competitiveness, environmental sustainability and security of supply.

With Sanctions Lifting, What's in Store for Iran's Economy?

Helen I. Hwang | Posted 11.10.2016 | Business
Helen I. Hwang

Following the landmark nuclear deal with Iran, plans for the lifting of economic sanctions are moving forward with "Implementation Day" planned as soon as late 2015 or early 2016. Not only is this move important for the United States for geopolitical reasons, observers say, but removing trade embargoes should boost Iran's economy.

Sunday Roundup

Arianna Huffington | Posted 07.11.2016 | Politics
Arianna Huffington

This week the world watched as Greece continued its fight for economic survival. Armed with the Greek people's resounding "no" vote on yet another round of economy-killing austerity measures, Prime Minister Tsipras went back to the negotiating table with EU negotiators. But the rescue package he presented to the Greek Parliament on Friday was a mixed bag: while it includes fresh loans, it also comes with the kind of destructive elements -- like regressive taxes and pension cuts -- that already tanked the Greek economy. As the 28 EU leaders meet today, it's clear that Greece isn't fighting mindless austerity just for Greece, but also for the rest of Europe. The Greek public's bold stance has galvanized anti-austerity groups across Europe. It's like a proxy fight in a new cold war -- but this one isn't East vs. West, it's the failed past vs. a sustainable future.

Italy Proposes Sharing Unemployment Insurance Across Europe

Marco Valerio Lo Prete | Posted 06.10.2016 | World
Marco Valerio Lo Prete

ROME -- The Italian government is proposing a new form of "risk sharing" in the eurozone. A European Unemployment Insurance scheme is an innovative form of "risk sharing" that can be supported by both progressive liberals and pro-market conservatives throughout Europe.

The Collapse of Europe?

John Feffer | Posted 03.29.2015 | World
John Feffer

Europe won the Cold War. Not long after the Berlin Wall fell a quarter of a century ago, the Soviet Union collapsed, the U.S. squandered its peace dividend in an attempt to maintain global dominance, and Europe quietly became more prosperous.

How Germany Could Change the Shape of Europe

Gemma Godfrey | Posted 03.10.2015 | Business
Gemma Godfrey

Bad news out of Europe, Germany in particular, makes two potentially profitable outcomes significantly more likely. Firstly, the European Central Bank will be more flexible in its efforts to keep Greece in the Eurozone.

The Impact Of Russia's Currency Crisis

HuffPost Live | Rahel Gebreyes | Posted 12.19.2014 | World

As the value of the ruble continues to fluctuate, having lost about 50 percent of its value in the past year, Russians are stocking up imported goods ...

Europe Faces Winter on the Edge of the Abyss

Llewellyn King | Posted 01.11.2015 | Politics
Llewellyn King

There is another world crisis brewing -- and one for which President Obama cannot be blamed. The Europeans have made a mess of things, and now the wolves are at the door. The first snarling wolf is deflation.

Europe's Austerity-Fueled Depression Keeps Getting Worse

The Huffington Post | Mark Gongloff | Posted 09.04.2014 | Business

Europe's central bank just slashed interest rates and launched emergency stimulus measures -- but six years too late, and not enough to counter the au...

The Road to Euro-Fascism

Robert Kuttner | Posted 07.18.2014 | Politics
Robert Kuttner

The European economic crisis with its high unemployment only stimulates more migration, which puts pressure on local labor markets and pushes the local working class further into the arms of the nationalist far-right.

Secular Stagnation: A Working Pair of Scissors Needs Two Blades

Otaviano Canuto | Posted 05.12.2014 | Politics
Otaviano Canuto

There is a core divergence among some "Keynesian" and "Schumpeterian" economists who have proposed stagnation hypotheses; each camp points to different underlying factors for continued anemic levels of growth.

What Are The French So Afraid Of The World?

Pascal Bruckner | Posted 02.25.2014 | World
Pascal Bruckner

Gravely affected by the weak economy, young people make up the avant-garde of what may as well be France's largest contemporary party: the Party of Fear. For the French have become afraid of everything: the world, poverty, globalization, Islam, capitalism, global warming, natural catastrophes -- and even, to borrow an American phrase, fear itself.

Here's What Europe's Business Leaders Could Teach America

The Huffington Post | Jillian Berman | Posted 01.25.2014 | Business

European corporate titans are calling on policy makers to do more to boost the region’s struggling economy. And unlike their counterparts in the U.S...

When High School Meets Entrepreneurship: From Temp-changing Pillows to GPS Walking Canes, These Young Inventors Compete for NFTE First Place

Steve Mariotti | Posted 03.19.2014 | Business
Steve Mariotti

Thirty students competed--with operating businesses and business ideas as diverse as Afghani restaurants to GPS-laden walking canes to college application websites to heating and cooling pillows.

Why the European Economy Has Done So Much Worse Than That of the United States

Mark Weisbrot | Posted 03.18.2014 | Politics
Mark Weisbrot

How are we to explain these differences? The United States was, after all, the epicenter of the world financial crisis and recession in 2008. But U.S policy-makers responded to the recession with different policies. Most important was monetary policy.

France, Spain Struggling To Reduce Deficit

Agence France Presse | | Posted 01.23.2014 | World

France will miss an agreed target to cut its public deficit, the EU said on Tuesday, with Spain's battered economy showing few signs of catching up re...

5 Reasons Not To Get Excited About The Eurozone Recession's 'End'

The Huffington Post | Mark Gongloff | Posted 08.14.2013 | Business

One quarter of positive GDP does not a recovery make. Europe's gross domestic product grew 0.3 percent in the second quarter from the quarter befor...

European Small Business Crisis: Is America Next?

Steve Mariotti | Posted 09.22.2013 | World
Steve Mariotti

Perhaps the global economic downturn is in part because of excessive taxes on the entrepreneur as well as economic illiteracy?

Is the U.S. Economy Good, Bad or In-Between Right Now?

Jared Bernstein | Posted 09.22.2013 | Business
Jared Bernstein

We may shift into higher gears, but if we're zipping along through gated neighborhoods in a Ferrari with no passengers from the bottom 99 percent, we'll still be in trouble.