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Eurozone

The Global Economy Remains Unbalanced

Otaviano Canuto | Posted 11.02.2016 | Home
Otaviano Canuto

Discussions around large current account imbalances among systemically relevant economies as a threat to the stability of the global economy faded out in the aftermath of the global financial crisis.

Greece and Europe: A Troubled Economic Partnership

George Alogoskoufis | Posted 10.13.2016 | Home
George Alogoskoufis

It is rumored that Constantine Karamanlis, the Greek statesman who was the architect of Greece's participation in the European Union, once remarked, "...

Tackling Crisis With Knowledge

Yannis M. Ioannides | Posted 10.13.2016 | Home
Yannis M. Ioannides

The Greek crisis, now continuing unabated for seven years, has severely tested both international and Greek institutions. In particular, this crisis h...

How to leave a currency union

Tuomas Malinen | Posted 10.03.2016 | Home
Tuomas Malinen

How can a country exit from the euro? EuroThinkTank, a group of economists and financial market experts, published a report that explains how an exit ...

The Hot Corner

Admiral Jim Stavridis (Ret.) | Posted 09.29.2016 | Home
Admiral Jim Stavridis (Ret.)

That Spartan culture of sacrifice and honor, of courage and commitment, is a fundamental part of the Greek Way. It reflects the values, enterprise, and determination of the people of Greece. They deserve our help and support, and - like the ancient Greeks before them - they will stand with and for us as well.

Draghi, Other Central Bankers Should Focus Stimulus Efforts on Equities

European Horizons | Posted 09.12.2016 | Home
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...

Will The IMF Become Irrelevant Before It Changes?

Mark Weisbrot | Posted 08.30.2016 | Home
Mark Weisbrot

It's nice to see that a few IMF economists finally recognize some of the failures of neoliberalism. In recent years there has been some other research at the Fund that acknowledged major mistakes.

The 'Dis-Integration' Of The European Union: Is Romania Coming Into A New Era?

John Sydney Hopkins | Posted 07.18.2016 | Home
John Sydney Hopkins

Romania is still often thought of as a country that is poor, corrupt, with dysfunctional public institutions and inefficient industry, a country that has yet to emerge from the shadows of its past. In reality, Romania is gradually conquering its longstanding internal issues to emerge as a financially sound country, one that is coming into a new era and in doing so is demonstrating the value of a gradual, cautious, approach to EU integration.

Leavers' Remorse: Why Brexit May Never Happen

Terry Connelly | Posted 07.11.2016 | Home
Terry Connelly

The Brexit referendum need not become a suicide pact. As a legal matter, the Brexit vote is not binding on Parliament, which will need to authorize and set the terms for the negotiation of Britain's exit from the EU under Article 50 process.

The Role of England in the British Debacle

Llewellyn King | Posted 06.27.2016 | Home
Llewellyn King

It was never about Great Britain; it was always at its kernel about England. There was always a primal, nativist, historically-seated English antipathy to Europe and by extension to the European project.

Should I Stay Or Should I Go? Brexit, Extortion And The Path To Reform

Mark Weisbrot | Posted 06.21.2016 | Home
Mark Weisbrot

There is a Mafia-like quality to the threats emanating from EU officials, who are acknowledged to be contemplating how much punishment they can mete out to the UK if the people should dare to vote the wrong way.

The High Cost of Transforming Europe: Why Europe Stumbled

Mark Weisbrot | Posted 06.08.2016 | Home
Mark Weisbrot

It is important to remember what the European Central Bank (ECB) was doing when the "debt crisis turned into a liquidity panic."

This Debt Relief Plan Could Be A Game-Changer For Ailing Greece

The Huffington Post | Daniel Marans | Posted 05.18.2016 | Home

The International Monetary Fund is asking Europe to approve an ambitious debt relief plan for Greece, its most substantial move yet to ease the terms ...

Eurozone Is Finally Exiting Economic Crisis

The New York Times | Paul Vale | Posted 04.29.2016 | Home
Read More: Eurozone, Home News

By one measure, the economic crisis that has long ravaged Europe is finally over....

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

European Horizons | Posted 05.02.2016 | Home
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...

Fiscal Assistance or Fiscal Consolidation: Europe's False Dichotomy

European Horizons | Posted 04.20.2016 | Home
European Horizons

Eight years after the global financial crisis, the world economy as a whole looks mediocre, and Europe's looks bleak at best.

Political Risk is Preventing European Economic Recovery

European Horizons | Posted 03.10.2016 | Home
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.

Financial Reform Is Working

Dennis M. Kelleher | Posted 03.07.2016 | Home
Dennis M. Kelleher

The critics of the financial reform Dodd-Frank Act are fond of saying that it doesn't work -- some going so far as to say that the financial system is just as much at risk as it was in 2008, if not even more so.

European Authorities' Failed Economic Policies Hit Resistance in Spain

Mark Weisbrot | Posted 03.02.2016 | Home
Mark Weisbrot

The Spanish elections in December provided proof, if anyone needed it, that the fight over the economic and social future of Europe is far from over.

Should the IMF Have Let Greece Default in 2010?

European Horizons | Posted 02.23.2017 | Home
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.

In Greece of Misery

Justine Frangouli-Argyris | Posted 02.14.2017 | Home
Justine Frangouli-Argyris

I have been in Athens over the course of the last week and, as I roam the city, from corner to corner, it is plain to see that there is very little traffic. Athens' onc- legendary vehicular hysteria is a thing of the past.

The Mirage of a Recovery in the Eurozone

Tuomas Malinen | Posted 02.02.2017 | Home
Tuomas Malinen

Even if the Eurozone as a whole would regain sustained GDP per capita growth, deeply rooted productivity differences would make the recovery an uneven one.

How The IMF Could Blow Up Greece’s Debt Agreement

The Huffington Post | Daniel Marans | Posted 01.27.2016 | Home

WASHINGTON -- The Greek government, and the businesses accustomed to tussling with it, have finally agreed on a way to meet the budget targets insiste...

Finland: The Euro vs. The Markka

Tuomas Malinen | Posted 01.12.2017 | Home
Tuomas Malinen

The debate on the economic woes of Finland continues to revolve around the question whether or not the euro is the blame. Although debate continues to be that of high quality, there is very little evidence to support the arguments made in it.

Spain Votes "No" to Failed Economic Policies

Mark Weisbrot | Posted 12.23.2016 | Home
Mark Weisbrot

In Spain's elections last Sunday, the two parties that have ruled the country for the past three decades took serious losses. This has important implications for the future of not only the country but also the rest of Europe.