Stop Structural Reforms And Start Public Investment In Europe
Slow growth in the Eurozone has become endemic since the start of the sovereign debt crisis in 2010. This is made very clear in Figure
How The Rich Rule US Democracy
It is hardly news that the rich have more political power than the poor, even in democratic countries where everyone gets a single vote in
Lessons From 15 Years Of Japanese Deflation
While Mario Draghi has stolen the show with his speech at Jackson Hole, another speech by Haruhiko Kuroda, governor of the Bank of Japan, is
Illegal Migration To Europe: What Should Be Done?
There is a real and present danger of overt hostility of majority populations towards the minorities established in the EU. An important factor fuelling rising
Brexit Or Not? Time For The EU To Move
The deteriorating relationship between the United Kingdom (UK) and the rest of the EU, including the prospect of a referendum on EU membership, would have
Is The Eurozone Turning Into Germany?
It has been pretty clear since at least the spring of this year that the ECB was keen to see the euro weakening. At the
The Greater Depression
First it was the 2007 financial crisis. Then it became the 2008 financial crisis. Next it was the downturn of 2008-2009. Finally, in mid-2009, it
Democracy In The Twenty-First Century
The reception in the United States, and in other advanced economies, of Thomas Piketty’s recent book Capital in the Twenty-First Century attests to growing concern about rising
Europe According To Mario Draghi
Central bankers are often proud to be boring. Not Mario Draghi. Two years ago, in July 2012, Draghi, the president of the European Central Bank,
The Perils Of Economic Consensus
The Initiative on Global Markets, based at the University of Chicago, periodically surveys a group of leading academic economists, of varying political persuasions, on the issues
Why We Need A More Substantive European Democracy
Are we witnessing a transition toward a post-democratic society? In an interview with EUROPP’s editor Stuart Brown, Colin Crouch discusses democracy within the EU, the use of
The Politics Of Radical Hope
I’ll begin with a story. One that dominates the philosopher Jonathan Lear’s brilliant book, ‘Radical Hope: Ethics in the Face of Cultural Devastation’. It is about the
Charting Decline In Europe
Two years have passed since Mario Draghi promised to do “whatever it takes” to save the euro. The bond markets have calmed down but the crisis of
Social Progress In Europe Depends On Economic Reform
The social challenges in Europe are clear and will not easily be overcome over the next half decade: 25 million Europeans are unemployed, with unemployment
The Rebirth Of Stakeholder Capitalism?
In recent weeks, the managers, employees, and customers of a New England chain of supermarkets called “Market Basket” have joined together to oppose the board