The consensus against German fiscal rebalancing is cracking—because the export demand which allowed it long to be avoided is looking shaky.
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Not only is German animus towards Mario Draghi misplaced, Peter Bofinger argues. His stewardship of the European Central Bank has been a boon for the largest eurozone economy.
Some orthodox economists predicted fiscal austerity would build confidence and so foster recovery. Yet at the end of the lost eurozone decade recession looms once more.
In our ‘Europe2025’ series, Mary Kaldor argues that developing substantive democracy in Europe to tame neoliberal globalisation must be the Leitmotif for the coming European term.
Raising wage floors is one way to reduce inequality and stimulate recovery in Europe. A big uplift in the Spanish minimum wage this year provides a test bed.
Close scrutiny of the European Parliament and recent national elections belies a simple story of long-run decline for social democrats. A progressive programme is key to revival.
A decade after the onset of the global crisis, youth unemployment remains high in many industrialised countries. But it’s not an act of nature.
The political forces most hostile to European integration are also the only ones to have formulated a common vision for Europe.
Discussion of the EU budget brings strife between supposed net contributors and beneficiaries. Yet the picture is more complex and Europe-wide taxation offers a way out.
Greater dependency ratios may imply pensions reform—but not that it be unfair.
Despite the economic recovery of recent years, persistent social imbalances—such as those affecting women and young people—must be taken into account in the debate on Europe’s future.
The eurozone muddled through its crisis at Germany’s behest. The climate emergency is much too serious for that.