Tag Archives for Eurozone Governance

Can the Eurozone resolve its macroeconomic imbalances before the next crisis?

The Macroeconomic Imbalance Procedure attempts to prevent future economic crises within the Eurozone by remedying emerging imbalances. Precisely how to achieve this, however, has opened a struggle for the very direction of European governance November kicked off the European Semester, the EU’s annual policy coordination cycle. With the EU economy gathering momentum, but with disparities in living standards among member … Continue reading

6 December 2017 by
Categories: SPERI Comment | Tags: , , , , , | Leave a comment

Saving ‘Social Europe’

Vivien Schmidt

Reinterpreting the rules ‘by stealth’ is all that is presently possible in governing the Eurozone economy During the euro’s sovereign debt crisis, European leaders have been obsessed with rules, numbers and pacts.  These include the ‘Six-Pack’, the ‘Two-Pack’ and the ‘Fiscal Compact’, each more stringent on the nature of the rules, more restrictive with regard to the numbers and more … Continue reading

15 January 2015 by
Categories: Economics, Europe and the EU, Finance, Inequality, SPERI Comment | Tags: , , , , | Leave a comment