DG ECFIN And The Missing Greek Exports
Economists at DG ECFIN are starting to notice something we have pointed out already some time ago: Despite an enormous cut in wage costs, Greek
A New Social Agenda For The Next Five Years
Today Europe is boredom… it is submerged by numbers and without soul. As long as Europe cares more about fishing rights than human beings swimming
How Matteo Renzi’s Jobs Act Will Sink Italy
Italy’s new PM Matteo Renzi has pledged to slash the country’s record unemployment with his American-branded ‘Jobs Act’. But his labour reforms, which will see
Why Governments Need To Stop Financialisation
The structural problems within the UK and other mature economies were brought to the surface during and after the financial crisis of 2007-9. In my
There Are Alternatives To The Neoliberal Blind Alley!
In its Working for the Few briefing paper, Oxfam has called attention to a worrying trend: the wealth of 1% of the world’s richest people is equivalent
Social Europe In A Climate Of Austerity
The Need For Social Dialogue To Improve Distribution Eurofound stands for Improvement of Living and Working Conditions through social dialogue. Currently, in the midst of
Real Business Leaders Want To Save Capitalism
A few weeks ago I was visited in my office by the chairman of one of the country’s biggest high-tech firms who wanted to talk
Rethinking Democracy
By many measures, the world has never been more democratic. Virtually every government at least pays lip service to democracy and human rights. Though elections
Mending A Dysfunctional European Union
The EU is not an end in itself. Europe needs a vision of functional integration orchestrated and managed not just by states, but also major
Inequality, Freedom And The Politics Of Power
Thomas Piketty’s Capital in the Twenty-First Century has handed those of us interested in a better, more socially-just political economy a huge gift. I can
Why Banking Crises Happen In America But Not In Canada
Tim Geithner’s memoir, published last month, tells us of his life as a firefighter: constantly on call to extinguish a fresh blaze. His baptism of
Creating An Innovation Society
Citizens in the world’s richest countries have come to think of their economies as being based on innovation. But innovation has been part of the
Re-Winning Europe
The European Parliament election revealed the full extent of voters’ frustrations, discontent, and lack of confidence in both the European Union and their national governments.
Why Is Capital In The 21st Century (C21C) Such A Success?
About a month ago — this is a true story — after a meeting of Economists Against Austerity, I hailed a taxi in Westminster (the
European Wage Depression Since 1999
Probably one of the most popular slogans of the entire European Semester is the catchphrase that wages should be aligned with productivity. The reason for