EMU

Economy & Jobs 26-10-2018

Member states must not let Commission stand against Italy alone

The rejection of Italy’s draft budget by the European Commission on Tuesday is unprecedented in the history of the Stability and Growth Pact. Member states cannot sit idly by but must take a more active role in the political conflict over fiscal sovereignty.
Economy & Jobs 09-01-2018

In 2018, expect the euro area economy to put on the brakes – but not for the reason you may think

The euro area economy has at last started to begin recovering convincingly from the past decade’s two recessions. But two big factors will moderate growth in 2018, writes Ilaria Maselli, citing the ageing workforce in Germany as being of particular concern.
Economic governance 05-01-2018

A three-step plan for a better European Monetary Fund

The European Commission's ESM reform plans are so one-sided that they can only exacerbate the Eurozone’s existing problems and deepen the gulf between creditor and debtor states, writes Clemens Fuest.
Economy & Jobs 01-12-2017

Tackle the discrepancies of enlargement to build a genuine social model

To put vigour back into its social model, the discrepancies and contradictions which are the byproducts of the enlargement and deepening of the Union during the last twenty years need to be addressed, writes Alfred Sant.
Economy & Jobs 30-10-2017

EMU: Focus on market discipline, financial stability, not on fiscal smoothing

The mood in Europe has changed. Attention has shifted from crisis management to how to make the European Union and in particular the eurozone function better in the longer term, writes Juha  Sipilä.
Economy & Jobs 25-09-2017

The time is right for a stronger monetary union – with everyone on board

French President Emmanuel Macron will give a speech on Tuesday (26 September) outlining his pitch to reform the European Monetary Union. But he has to prioritise his wishlist in order to make the most of member state support, writes Petros Fassoulas.

Climate change is everyone’s business – the ECB is no exception

Whilst the European Union is firmly committed to joining the fight against climate change and developing sustainable finance, the significance of the role the European Central Bank can play is being overlooked, write Ludovic Suttor-Sorel and Frank van Lerven.
Economy & Jobs 20-04-2017

IMF holds keys to Greece’s fate

The International Monetary Fund must hold firm to its stated position in support of debt relief for Greece in meetings of finance ministers that will take place in Washington this week, writes William Rhodes.
Euro & Finance 23-12-2016

Three trends that will continue hurting the eurozone in 2017

2016 did not fall short on anxiety over the eurozone’s fragile economic recovery. From feeble growth to fierce backlash, to full-blown uncertainty, here are three trends that look all but certain to spill over into 2017, writes Ilaria Maselli.
Euro & Finance 05-12-2016

Time for EU leaders to deliver on commitments to Greece

The Eurogroup will today (5 December) examine the progress Greece has made so far. Now the EU must deliver on their own commitments, write Dimitrios Papadimoulis, Udo Bullmann and Pervenche Berès.
Future EU 17-11-2016

European citizens, time to wake up!

The triumph of populism in Britain and the US should act as a wake-up call for citizens to support greater ambition for the European project, write signatories from the May 9 Movement.
Euro & Finance 20-10-2016

Giving some teeth to Europe’s budgetary watchdogs

EU institutions were roundly criticised over their handling of the recent economic crisis, so the European Commission’s decision to stop dithering and appoint a panel of experts to scrutinise budgetary performance is both timely and welcome, writes Michal Horvath.
Brexit 16-09-2016

Capital flight: The City will decline outside EU, and Britons will be the poorer for it

The effects of Brexit may not be felt immediately, but it spells the end of the City as we know it. The last 15 years will go down as London’s golden age and be sorely missed, writes Nicolas Véron.
Euro & Finance 15-07-2016

Correcting the eurozone’s imbalances could save the EU

The eurozone’s problems are not just caused by poor management in the South, but by its asymmetrical architecture and unfair implementation of the rules. A fiscal capacity would level the playing field and answer the Eurosceptics, writes Ernest Maragall.
Euro & Finance 14-07-2016

The threat of populism must be a non-issue in decision to fine Portugal and Spain

Stability and Growth Pact rules must be applied to the letter if the eurozone is to keep any kind of credibility. Populism must not be used as an excuse to reward irresponsible budgetary policies, argues Friedrich Heinemann.
Euro & Finance 10-05-2016

A budget for the eurozone is taking shape

Budgetary capacities are an important tool to protect the eurozone from economic shocks, and their extension to non-eurozone countries could help with the economic convergence of the newer member states, writes Siegfried Muresan.
EU Priorities 2020 08-04-2016

The week when Europe was hit by a perfect storm

The result of the Dutch referendum was the latest in a series of serious setbacks for the European project. The second week of April could be remembered as the moment when all the fronts in Europe’s multifaceted crisis started to converge, writes Jorge Valero.
Euro & Finance 08-04-2016

Full employment or unemployment reinsurance?

While the main objective of the US Federal Reserve is full employment, there is not a single EU institution that shares this goal. This is most likely why we have double the unemployment of the US, argue Ernest Maragall and Jordi Angusto.
Andrew Duff
Global Europe 14-01-2016

The Frankfurt Protocol: Calling for a new treaty for the eurozone

Faced with a series of unprecedented difficulties, the EU has little choice but to move forward swiftly to the next stage of integration. The way to do that is through treaty change, argues Anfrew Duff in his latest pamphlet 'The Frankfurt Protocol'.
Euro & Finance 09-11-2015

Fully-fledged Economic and Monetary Union: a common European destiny

If the common currency and the European Union itself are to survive, radical changes and bold decision making are needed, writes Petros Fassoulas.
French President and German Chancellor address a solemn plenary session in Strasbourg on 22 November 1989 following the fall of the Berlin's Wall
EU Priorities 2020 02-10-2015

A Franco-German duet in front of a fractious Parliament

Those who wish Europe well will be hoping that Merkel can emulate Kohl’s leadership, and that Hollande can cut a more commanding figure than the wily Mitterrand, writes Andrew Duff.
Euro & Finance 16-09-2015

The Five Presidents’ Report: Now is the time for debate

In its current state, the eurozone is not only vulnerable to economic crises and populist slogans from the left and right. It also lacks democratic legitimation, argues Joachim Poß.
Euro & Finance 27-07-2015

Change EU treaty so countries can leave the eurozone

Altering the eurozone treaty to allow states to leave or be expelled will help guarantee the future stability of the EMU, argues Thomas Schuster.
Euro & Finance 07-07-2015

The ECB must fulfil its role as a ‘lender of last resort’ in Greece

Cutting the ECB's lifeline to Greek banks would push the country out of the eurozone and recklessly endanger the reputation of the ECB and the euro itself, argues Matthias Kroll.