Why The Structural Deficit Does Not Exist
A few days ago the Italian government objected to the way that putative technocrats at the European Commission calculated their country’s “structural deficit”. To all
Surfers Without Waves – Is Social Democracy Dead In The Water?
Is social democracy already dead and like the proverbial headless chicken are we simply running round the yard on instinct before we topple over for
Saving Social Europe: Going Beyond The EU’s ‘Governing By The Rules And Ruling By The Numbers’
During the euro’s sovereign debt crisis, European leaders have been obsessed with rules, numbers, and pacts, including the so-called ‘Six-Pack,’ the ‘Two-Pack,’ and the ‘Fiscal
The Global Economy And The Return Of Currency Wars
The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be
Reflections On Intervention: Legality, Legitimacy And Feasibility
This afterword by David Held and Kyle McNally is the final chapter of Global Policy’s e-book, ‘Lessons from Intervention in the 21st Century: Legality, Legitimacy
Why President Obama Needs To Reframe The Wage Debate
Stagnant wages have robbed the American middle class of opportunity. Wage compression is why fewer Americans now believe they are middle class; remarkably, the share
Why Brussels Needs To Read Karl Polanyi
The project of European integration is going to run into walls. In political terms, it has become evident that its active as well as its
Creativity, Corporatism, And Crowds
Economic growth, as we learned long ago from the works of economists like MIT’s Robert M. Solow, is largely driven by learning and innovation, not just
Tragedies Like Rana Plaza Highlight Need For Economic Change
Unpredictable events often induce the most radical change. For Bangladesh and its garments industry it could well be that the improvements in standards, as a
A Sovereign Wealth Fund For The Eurozone?
Social Europe Journal has just published its latest research essay by Giacomo Corneo. The main argument of the paper is that the state should become
Erosion Or Exhaustion Of Democracy? The Challenge For Social Europe
Social Europe is caught between a rock and a hard place. It is supposed to restore confidence in democracy – which since the bailout of
Cosmopolitanism And Migration
Cosmopolitanism is a requisite to become citizens of the world, albeit a globalised world, with no borders or, at least, with permeable borders. Crossing over
Banks, Bonuses And BankSlaughter: How To Make European Banks Less Dangerous
In trying to make the banking system less dangerous, European and global regulators are trying three approaches. First, they have just undertaken stress tests. Second,
Labour Mobility Within The EU: The Real Picture
General and labour mobility across borders within the EU decreased sharply during the immediate crisis period in 2008–2010. There is consistent evidence of a rebound
Industrialisation And Female Empowerment: Evidence From The Bangladeshi Garments Sector
Gender empowerment and Equality in the Ready Made Garment (RMG) sector A slew of industrial accidents such as the Tazreen factory fire and the recent
The Three Challenges of Social Europe
Because of the depth, intensity and duration of the series of crises that have affected the EU over the last five years, fire-fighting and action
Structural Reforms Will Not Mitigate The Risk Of Deflation In Europe
In a speech delivered at the Central Bank of Latvia on October 17th, Benoit Coeuré, member of the executive board of the ECB and apparently