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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.

SARS-CoV China animal welfare

Preventing the next virus outbreak

by Michal Rotem on 16th March 2020

The coronavirus is not a natural disaster but the outcome of a system of agriculture subordinating animal, and human, welfare.

pandemic

The economic effects of a pandemic

by Simon Wren-Lewis on 10th March 2020

The human effects of the coronavirus are paramount. But what will be its impact on a medium-sized economy such as that of the UK?

MFF

Cohesion and progressivity: the Multiannual Financial Framework and Just Transition

by Dencho Georgiev, Tatiana Houbenova-Delisivkova and Irena Ilieva on 5th March 2020

The European Council failed to agree last week on a new budget. The optimum MFF cannot emerge from zero-sum bargaining.

eurozone recovery, recovery package, Financial Stability Review, BEAST

Hard truths about the eurozone crisis

by Adam Tooze on 2nd March 2020

There has been little honest reflection within the European Commission about the eurozone crisis. Until now.

US economy

A European Union climate agenda for COP26

by George Tyler on 27th February 2020

The EU should bring a new climate agenda to Glasgow—including a roadmap for emerging nations to embrace a future beyond fossil fuels.

future relationship

Brexit and the risks of economic nationalism

by Malcolm Fairbrother on 27th February 2020

In talking about their future relationship with the UK, EU leaders may want to mind their language.

Just Transition Fund coal phase-out

Just Transition Fund can boost European coal phase-out

by Rebekka Popp and Pieter de Pous on 17th February 2020

The new Just Transition Fund puts a coal phase-out by 2030 for the whole of Europe within reach.

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

‘Fridays for Keynesianism’

by Peter Bofinger on 17th February 2020

Keynes recognised the key role of the financial system in modern capitalist economies and Peter Bofinger argues the 2008 crisis must bring the demise of neoclassical economics—which still doesn’t.

freeports

Freeports: Johnson should look elsewhere for growth enhancements

by Oddný Helgadóttir on 13th February 2020

Freeports may epitomise the Brexiters’ ‘global Britain’ but the UK economy performs too poorly for these to be more than luxury entrepôts.

just transition energy bills

A just transition must help those struggling to heat their homes

by Monique Goyens on 12th February 2020

In the latest contribution to our series on ‘just transition’, Monique Goyens argues that it must address the people finding it hard to pay their energy bills.

debt, intermediation, SPVs

Limited liability is causing unlimited harm

by Katharina Pistor on 11th February 2020

The purpose of limited-liability protection was to encourage investment in corporations, yet it has evolved into a source of systemic market failure.

unemployment

Europe needs a strong macroeconomic policy core—but not a Six (or Two) Pack

by Andrew Watt on 6th February 2020

In light of the eurozone and, now, climate crises, EU macroeconomic policy co-ordination needs a reboot.

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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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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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