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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.

four scenarios

Four scenarios for Europe’s future after the crisis

by Philippe Pochet on 30th April 2020

What kind of Europe will take shape after the coronavirus crisis? Four scenarios, widely varying in their social and ecological consequences, are possible.

European Investment Bank European Recovery Fund

Extending loans and providing equity: the EIB and national development banks must act now

by Matthias Thiemann and Peter Volberding on 29th April 2020

The European Investment Bank and national development banks provide a framework through which a European Recovery Fund could work quickly and effectively.

biodiversity

Returning our food systems to business as usual would be a historic mistake

by Patrick ten Brink on 23rd April 2020

Amid the coronavirus crisis, some are calling for a deferral of European ecological action. Yet unsustainable food systems are one source of new human diseases.

Marshall plan

A Marshall plan for Europe—or a Draghi plan?

by Carlo Spagnolo on 22nd April 2020

Decades of neoliberal inculcation have deprived the political class of the historical memory needed to derive the new Marshall plan today’s crisis demands.

German debt

The German debt blindspot in the European crisis

by Brigitte Young on 22nd April 2020

The postwar German debt experience should inform a spirit of co-operation and goodwill today.

debt monetisation

The coronavirus crisis and a euro area contained—in a prisoner’s dilemma

by Pompeo Della Posta on 20th April 2020

As the eurozone faces into a deep recession, a transparent prisoner’s dilemma is preventing it from stopping the slide.

The new role of monetary policy in the Covid-19 crisis and its climate application

by Basil Oberholzer on 17th April 2020

What the US central bank has been doing to address the coronavirus crisis is precisely what is needed to tackle climate change.

Made in Africa: African digital labour in the value chains of AI

by Mark Graham and Mohammad Amir Anwar on 16th April 2020

Artificial intelligence is often associated with prophecies of job destruction. Yet an army of workers in the global south is being pressed into action.

EU-wide inequality

EU-wide inequality is back to pre-crisis levels

by Michael Dauderstädt on 15th April 2020

After almost a decade, EU-wide inequality finally regained its previous low of 2009 due to relatively strong growth in the poorer member states between the Baltic and the Balkans.

Eurogroup

Not (yet) up to the task: how eurozone members are gambling away post-Covid economic recovery

by Gabriele de Angelis on 13th April 2020

The Eurogroup needed a highest-common-factor agreement to match the coronavirus crisis but intergovernmentalism left it with the lowest common denominator.

EUR-bonds in the corona crisis and beyond

by Thomas Theobald and Silke Tober on 10th April 2020

Eurobonds are needed to anchor macroeconomic stability and offer a safe path out of the coronavirus storm.

Eurobonds: why they are needed, how they would work

by Ayoze Alfageme on 10th April 2020

By Einstein’s purported definition, madness would be repeating the errors of the eurozone crisis and expecting a different outcome—eurobonds would break with that.

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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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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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ETUI advertisement

Benchmarking Working Europe 2020

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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Eurofound advertisement

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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