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Anatole Kaletsky

Today’s Rational Exuberance

by Anatole Kaletsky on 5th December 2017

With share prices around the world setting new records almost daily, it is tempting to ask whether markets have entered a period of “irrational exuberance” and are heading for a fall. The answer is probably no. What many analysts still see as a temporary bubble, pumped up by artificial and unsustainable monetary stimulus, is maturing […]

Robert Skidelsky

Inconvenient Truths About Migration

by Robert Skidelsky on 29th November 2017

Sociology, anthropology, and history have been making large inroads into the debate on immigration. It seems that Homo economicus, who lives for bread alone, has given way to someone for whom a sense of belonging is at least as important as eating. This makes one doubt that hostility to mass immigration is simply a protest […]

Philippe Legrain

The Twilight Of Angela Merkel

by Philippe Legrain on 24th November 2017

Amid all the crises and upheavals that have battered the European Union over the past decade, one fixed point has been the stolid, stable government of German Chancellor Angela Merkel. But, following the collapse of talks to form a new coalition, Merkel suddenly seems mortal. While Merkel’s departure may not be imminent, her power is […]

Mark Leonard

The Illusion Of Freedom In The Digital Age

by Mark Leonard on 20th November 2017

Over the last few weeks, media around the world have been saturated with stories about how technology is destroying politics. In autocracies like China, the fear is of ultra-empowered Big Brother states, like that in George Orwell’s 1984. In democracies like the United States, the concern is that tech companies will continue to exacerbate political […]

Jean Pisani-Ferry

Germany’s Dangerous Obsession

by Jean Pisani-Ferry on 14th November 2017

As Germany’s Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU), seek to form an unprecedented “Jamaica coalition” with the liberal Free Democrats (FDP) and the Greens, the rest of Europe anxiously awaits the government program that will result from their negotiations. The stakes are high for Europe, because these […]

Guy Verhofstadt

A Federal Spain In A Federal Europe

by Guy Verhofstadt on 6th November 2017

I have always been a profound admirer of Spanish democracy, but especially since February 23, 1981. On that dramatic day, Colonel Antonio Tejero attempted a coup d’état against the young democratic regime. In his acclaimed book Anatomía de un instante (The Anatomy of a Moment), Javier Cercas describes how, under the threat of Tejero’s pistol, […]

Adair Turner

China Vs. The Washington Consensus

by Adair Turner on 3rd November 2017

In 2013, Chinese President Xi Xinping heartened many Western economists by committing to a “decisive role” for the market within China’s economy. Four years on, expectations of significant market-oriented reform have been dashed, and state influence over the economy has significantly increased. Yet the Chinese economy continues to grow rapidly and will likely continue to […]

Sławomir Sierakowski

Mourning Poland’s Burning Man

by Sławomir Sierakowski on 3rd November 2017

Late in the afternoon on October 19, a 54-year-old man outside the Palace of Culture and Science in Warsaw distributed several dozen copies of a letter addressed to the Polish people. Then he set himself on fire – a protest and sacrifice that called to mind the protests of Buddhist monks against the Vietnam War […]

Manuel Muñiz

Economic Growth Is No Longer Enough

by Manuel Muñiz on 2nd November 2017

Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analyzed collectively, the data reveal a troubling truth: without changes to how wealth is generated and distributed, the political convulsions that have swept the world in recent years will only intensify. Consider, for example, wages and employment. In the […]

Philippe Legrain

Macron’s Challenge For Europe

by Philippe Legrain on 31st October 2017

In an ambitious, visionary speech at the Sorbonne, French President Emmanuel Macron presented his plan for countering the tide of xenophobic nationalism in Europe. He wants to build a “sovereign, united, and democratic Europe,” where citizens again feel a sense of allegiance to the idea of Europe itself. Macron’s speech was a welcome call to […]

Ngaire Woods

The Case Against Free-Market Capitalism

by Ngaire Woods on 20th October 2017

Free-market capitalism is on trial. In the United Kingdom, Labour Party leader Jeremy Corbyn accuses neoliberalism of increasing homelessness, throwing children into poverty, and causing wages to fall below subsistence level. For the defense, Conservative Prime Minister Theresa May cites the immense potential of an open, innovative, free-market economy. Similar “proceedings” are taking place around […]

Joschka Fischer

Europe’s Attackers From Within

by Joschka Fischer on 12th October 2017

Europe finally appears to have moved past its multi-year economic crisis, but it remains unsettled. For every reason for optimism, there always seems to be a new cause for concern. In June 2016, a slim majority of British voters chose nostalgia for the nineteenth-century past over whatever promise the twenty-first century might have held. So […]

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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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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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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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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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