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Social Europe articles on the economy

Social Europe is an award-winning digital media publisher that publishes content examining issues in politics, economy, society and ecology. This archive brings together Social Europe articles on the economy.

productivity

Innovation, dissemination, investments: a new productivity strategy for Europe

by Max Neufeind and Christoph Priesmeier on 22nd May 2020

Crisis measures to promote recovery in Europe must begin to address its underlying productivity challenge.

social fabric

Europe’s leaders must stem falling trust

by Juan Menéndez-Valdés on 20th May 2020

A mass online survey across the continent has found Europeans reeling from the coronavirus crisis—and losing trust in their leaders’ ability to manage it.

multinationals' tax avoidance

Waiting for Godot: tackling multinationals’ tax avoidance

by Tommaso Faccio and Francesco Saraceno on 19th May 2020

Efforts to attack multinationals’ tax avoidance at EU level fall foul of national beneficiaries. Time to try naming and shaming instead.

unconditional basic income

Encouraging European solidarity: an unconditional basic income

by Catarina Neves and Roberto Merrill on 18th May 2020

The coming economic emergency demands an emergency boost to demand, via an unconditional monthly payment for its duration.

sustainability

The pandemic and the day after

by Andreas Antoniades on 15th May 2020

Emergence from the coronavirus crisis cannot be to ‘business as usual’ but must urgently open a transition to socio-environmental sustainability.

recovery

If it comes with interest, it’s no recovery

by José Gusmão on 13th May 2020

EU leaders must not behave like generals fighting the last war. If the Recovery Fund is to be adequate to the challenge of the coronavirus crisis, this time must be different.

public investment, Keynes

An investment plan for European reconstruction

by Daniele Archibugi on 12th May 2020

Europe must look beyond keeping companies on life support and staunching national debts to a continent-wide reconstruction driven by public investment.

Hamilton

German court decision ends treaty pretences

by John Weeks on 11th May 2020

With ‘coronabonds’ stymied, an exit from the crisis had depended on ECB monetary operations—until the German constitutional court weighed in.

state aids, state-aid rules

Covid-19 state-aid rules harm poorer member states

by Lena Hornkohl and Jens van 't Klooster on 11th May 2020

The easing of state-aid rules in the Covid-19 crisis has tilted the competitive playing-field away from those member states where Euro-disaffection is already growing.

supply chains

Overconsumption, globalised supply chains and the Covid-19 crisis

by Meadhbh Bolger on 6th May 2020

We must build back more resilient, just societies that consume within ecological limits.

ventilators, socially useful

Transnational social production networks—an answer to the coronavirus security crisis

by Jonathan Feldman on 6th May 2020

The coronavirus crisis has highlighted the need for transnational collaboration to produce socially useful goods—an idea aerospace workers in the UK hatched decades ago.

EU fiscal framework, fiscal rules, Maastricht rules, Stability and Growth Pact

The ‘frugal four’ should save the European project

by Peter Bofinger on 4th May 2020

Peter Bofinger argues that additional loans of inadequate amount do not add up to a rescue package which can save Europe from the coronavirus crisis.

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Hans Böckler Stiftung Advertisement

The macroeconomic effects of the EU recovery and resilience facility

This policy brief analyses the macroeconomic effects of the EU's Recovery and Resilience Facility (RRF). We present the basics of the RRF and then use the macroeconometric multi-country model NiGEM to analyse the facility's macroeconomic effects. The simulations show, first, that if the funds are in fact used to finance additional public investment (as intended), public capital stocks throughout the EU will increase markedly during the time of the RRF. Secondly, in some especially hard-hit southern European countries, the RRF would offset a significant share of the output lost during the pandemic. Thirdly, as gains in GDP due to the RRF will be much stronger in (poorer) southern and eastern European countries, the RRF has the potential to reduce economic divergence. Finally, and in direct consequence of the increased GDP, the RRF will lead to lower public debt ratios—between 2.0 and 4.4 percentage points below baseline for southern European countries in 2023.


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A virus is haunting Europe. This year’s 20th anniversary issue of our flagship publication Benchmarking Working Europe brings to a growing audience of trade unionists, industrial relations specialists and policy-makers a warning: besides SARS-CoV-2, ‘austerity’ is the other nefarious agent from which workers, and Europe as a whole, need to be protected in the months and years ahead. Just as the scientific community appears on the verge of producing one or more effective and affordable vaccines that could generate widespread immunity against SARS-CoV-2, however, policy-makers, at both national and European levels, are now approaching this challenging juncture in a way that departs from the austerity-driven responses deployed a decade ago, in the aftermath of the previous crisis. It is particularly apt for the 20th anniversary issue of Benchmarking, a publication that has allowed the ETUI and the ETUC to contribute to key European debates, to set out our case for a socially responsive and ecologically sustainable road out of the Covid-19 crisis.


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Industrial relations: developments 2015-2019

Eurofound has monitored and analysed developments in industrial relations systems at EU level and in EU member states for over 40 years. This new flagship report provides an overview of developments in industrial relations and social dialogue in the years immediately prior to the Covid-19 outbreak. Findings are placed in the context of the key developments in EU policy affecting employment, working conditions and social policy, and linked to the work done by social partners—as well as public authorities—at European and national levels.


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Foundation for European Progressive Studies Advertisement

Read FEPS Covid Response Papers

In this moment, more than ever, policy-making requires support and ideas to design further responses that can meet the scale of the problem. FEPS contributes to this reflection with policy ideas, analysis of the different proposals and open reflections with the new FEPS Covid Response Papers series and the FEPS Covid Response Webinars. The latest FEPS Covid Response Paper by the Nobel laureate Joseph Stiglitz, 'Recovering from the pandemic: an appraisal of lessons learned', provides an overview of the failures and successes in dealing with Covid-19 and its economic aftermath. Among the authors: Lodewijk Asscher, László Andor, Estrella Durá, Daniela Gabor, Amandine Crespy, Alberto Botta, Francesco Corti, and many more.


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Social Europe Publishing book

The Brexit endgame is upon us: deal or no deal, the transition period will end on January 1st. With a pandemic raging, for those countries most affected by Brexit the end of the transition could not come at a worse time. Yet, might the UK's withdrawal be a blessing in disguise? With its biggest veto player gone, might the European Pillar of Social Rights take centre stage? This book brings together leading experts in European politics and policy to examine social citizenship rights across the European continent in the wake of Brexit. Will member states see an enhanced social Europe or a race to the bottom?

'This book correctly emphasises the need to place the future of social rights in Europe front and centre in the post-Brexit debate, to move on from the economistic bias that has obscured our vision of a progressive social Europe.' Michael D Higgins, president of Ireland


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