The euro’s salvation lies in a little less Europe; not more Europe
Persaud, Avinash. Does Europe need a fiscal union to support its monetary union? This column argues that the cause of Europe’s problems is not public sector ill discipline but rather private sector ill discipline. In such a situation, it asks whether we should be trying to save a drowning man by putting him in a […]
Fiscal consolidation in reformed vs. unreformed labour markets
Turrini, Alessandro. Most EU countries have embarked on a path of fiscal austerity. Would the employment impact of fiscal consolidation be more harmful if reforms liberalising the labour market were taken at the same time? This column argues that fiscal consolidations increase unemployment more in regulated labour markets because employment protection is associated with a […]
How to Compete in Europe
Maystadt, Philippe. Interest in the European Union’s competitiveness did not begin with the euro crisis. Safeguarding Europe’s advanced position in the world economy was, after all, a key motivation behind the creation of the single market. Since then, interest in EU competitiveness has risen further, spurred in particular by the challenge posed by countries like […]