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Decentralising and democratising while reforming European economic governance – Vivien Schmidt

Vivien A Schmidt
The Covid-19 pandemic has been something of a wake-up call for the European Union. The EU finally recognised that the eurozone economic policies it had been pursuing since the 1990s reinforced at the outset of the eurozone crisis in 2010 had been deleterious to the wellbeing of its citizens and the planet.
The obsession with ‘governing by rules and ruling by numbers’ through the Stability and Growth Pact (SGP), focused on low deficit and debts, meant that the EU had failed to invest in its future. Such rules and numbers ensured that those without the ‘fiscal space’ (read southern Europe) could not invest, while those with the fiscal space (northern Europe) ....

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Modern infectious diseases: Macroeconomic impacts and policy responses

In addition to the devastating human toll, the economic upheaval wrought by the COVID-19 pandemic illustrates the inextricable relationship between physical and economic health. This column presents an overview of the macroeconomic effects of the infectious disease epidemics of the 20th and early 21st centuries through the lens of recent COVID-19 research and explores the ....

New Zealand , European Investment Bank , Spanish Flu , Saharan Africa , East Asia , European Stability Mechanism , Development Review , Development Economics , புதியது ஜீலாந்து , ஐரோப்பிய முதலீடு வங்கி , ஸ்பானிஷ் காய்ச்சல் , கிழக்கு ஆசியா , ஐரோப்பிய ஸ்திரத்தன்மை பொறிமுறை , வளர்ச்சி விமர்சனம் ,

What happens now to the EU's post-Covid recovery fund?

What happens now to the EU s post-Covid recovery fund?
Last December saw intense negoations among EU leaders on the recovery financing and the long-term EU budget (Photo: Council of the European Union)
Brussels, 5. May, 07:18
The wheels have started to turn in the EU machinery to get the €800bn recovery package - designed to mitigate the economic fallout from the pandemic - rolling.
But it will take time before member states budgets receive the first euros, at the start of the summer at best, almost a year after EU leaders agreed to issue joint debts to finance the continent s recovery.
Read and decide ....

Eu Commission , Jacques Delors Centre , Berlin Based Jacques Delors Centre , European Stability Mechanism , யூ தரகு , ஐரோப்பிய ஸ்திரத்தன்மை பொறிமுறை ,

UPDATE 2-EU debt limit of 60% no longer makes sense - ESM's Regling

The European Union's public debt ceiling of 60% of gross domestic product no longer makes sense and should be revised as the EU reforms its fiscal rules, the head of the euro zone's bailout fund Klaus Regling said on Wednesday. ....

Bruxelles Capitale , Gareth Jones , Jan Strupczewski , Klaus Regling , Thomson Reuters Trust Principles , European Union , European Commission , Maastricht Treaty , European Stability Mechanism , Growth Pact , Jan Strupczewski Editing , Thomson Reuters Trust , Debt Limit Update 2 , Eu Institutions , Central Banks Bank Events , Debt Fixed Income Markets , Euro Zone Asa Whole , Government Borrowing Requirement , Economic Output , General News , Government Finances , National Government Debt , Interest Rates Policy , International Agencies Treaty Groups , Economic News , Monetary Fiscal Policy Makers ,

EU should aim for multi-polar currency system as China rises: bailout fund's Regling

EU should aim for multi-polar currency system as China rises: bailout fund's Regling ....

United States , Bruxelles Capitale , Alex Richardson , Jan Strupczewski , Klaus Regling , International Monetary , European Union , European Stability Mechanism , ஒன்றுபட்டது மாநிலங்களில் , ப்ரூக்ஸெல்ஸ் தலைநகரம் , அலெக்ஸ் ரிச்சர்ட்சன் , சர்வதேச பண , ஐரோப்பிய தொழிற்சங்கம் , ஐரோப்பிய ஸ்திரத்தன்மை பொறிமுறை ,