Tag Archives: European Fiscal Federalism

Italian Debt, Mutual Insurance, Fiscal Federalism and Fiscal Rules – Brugel blog posts

Posted on November 14, 2014 by fmpdea

As I mentioned earlier, in a very delayed reaction to a comment on European blogging, I’ve decided to start looking around at what other bloggers write and comment on it, while hopefully not neglecting to come up with my own … Continue reading →

Posted in A € for your Thoughts | Tagged Brugel, Credibility of fiscal rules, Debt Mutualisation, Delors, EU, European Fiscal Federalism, Europeans can blog, Italian debt, Italian growth, Italian Yields, Jim O'Neill, Mody, Vallee | Leave a comment

How Will Europe’s Crisis End? And When?

Posted on September 13, 2013 by fmpdea

This post is based on a report I wrote some time ago about the future of the Euro-Zone crisis. It is divided in four parts: The first offers a recap of the crisis until May 2013. No details as to … Continue reading →

Posted in European Integration, Finance, Risk Scenario Analysis, Sovereign debt Crisis, Uncategorized, Visions of the Political Future of Europe | Tagged Crisis, Cyprus, ECB, EU, Euro-zone, Euro-Zone breakup, European Central Bank, European Fiscal Federalism, European Union, EZ, Fiscal Federalism, France, Future of the Euro-Zone, Germany, Greece, How Will Europe’s Crisis End?, Ireland, Italy, Portugal, Sovereign debt, Sovereign Debt Crisis, Sovereign debt Yields, Spain, Stealth Mutualisation, When will the Euro-Zone Crisis end? | Leave a comment

(European) Debt Mutualisation: Lessons from the USA

Posted on August 17, 2012 by fmpdea

This post considers events in the history of the United Stated (USA) that involved the bailing out of state governments by the (newly created) federal government. This considerations are made because of their value as a template for a reform … Continue reading →

Posted in Aides Memoire, Sovereign debt Crisis, USA | Tagged (Dinner Table) Compromise of 1790, Alexander Hamilton, Centralisation, Collective action problems, Compromise of 1790, Debt Mutualisation in the USA, Decentralisation, Dinner Table Compromise, Europe's Hamiltonian Moment, European Federal movement, European Fiscal Federalism, European Fiscal Union, Federalism, Federalist Paper 7, Federalist Papers, Fly Paper Effect, Funding Act, Hamiltonian Moment, History of American Fiscal Federalism, Residence Act, Thomas Jefferson, USA, USA Debt between 1775 and 1789, USA-EU | Leave a comment

Weekly Bond Yield developments in the Euro Area (W4.2012): Greece Negotiations and Portuguese Yields

Posted on January 29, 2012 by fmpdea

In the week that that passed the Euro-Zone economy was marked by an emphasis (of the media and of analysts) on positive data releases, both in Europe and in the USA. On the down side, fruitless Greek PSI negotiations caused … Continue reading →

Posted in Weekly Bond Yield developments in the Euro Area | Tagged Banking crisis, Debt restructure, ECB, European Fiscal Federalism, France, Germany, Greece, Ireland, LTRO, Portugal, Sovereign Debt Crisis, Spain | Leave a comment

Accommodating the ECB and the Democratic Costs of Intergovernmentalism

Posted on December 7, 2011 by fmpdea

This post offers a short note clarifying the dynamics of the asymmetric relationship between the ECB and the governments of the Euro-area, its disparity with the USA and the UK and how this explains the lip service that is being … Continue reading →

Posted in ECB, European Integration, Sovereign debt Crisis | Tagged Balance of Payments, Community Method, Criticisms against the EU, European Fiscal Federalism, European Integration, France, Germany, Intergovernmentalism, Ireland, Italy, Theories of Integration | 1 Comment

The latest Franco-German Agreement: Is it enough?

Posted on December 6, 2011 by fmpdea

So France and Germany reached what was hailed as yet another “comprehensive agreement” on the reform of the Eurozone fiscal policies. In my opinion this wasn’t that comprehensive an agreement. It was only the last of such several steps since … Continue reading →

Posted in Current Events, ECB, Euro-zone Update, European Integration, Sovereign debt Crisis, Uncategorized, Weekly Bond Yield developments in the Euro Area | Tagged ECB, EFSF, EMS, European Fiscal Federalism, European Integration, France, Germany, Greece, Intergovernmentalism, Ireland, Italy, Portugal, Sovereign Debt Crisis, Spain | 3 Comments

The German Government will Collapse before the Scheduled 2013 Election

Posted on August 31, 2011 by fmpdea

I should begin by apologising for not having posted in a long time. The paucity of posts will continue during the month of September, at the end of which it should end, as I hope to resume timely posting. Until … Continue reading →

Posted in Sovereign debt Crisis | Tagged European Fiscal Federalism, Germany, Greece, Sovereign Debt Crisis, Spain, SPD | 1 Comment

Euro Update (27): Repurchases or restructuring? What’s the trade-off?

Posted on July 19, 2011 by fmpdea

You may have noticed that I have been spending some time writing about repurchases and debt restructures. I started out by mapping where we were, and more recently, where we are. I considered the options ahead and their apparent consequences … Continue reading →

Posted in Euro-zone Update, Sovereign debt Crisis | Tagged debt repurchases, Debt restructure, European Fiscal Federalism, Intergovernmentalism, Sovereign Debt Crisis | Leave a comment

A € for your thoughts (6): Larry Summers, Wolfgang Munchau and Gideon Rachman

Posted on July 19, 2011 by fmpdea

Following last week’s developments, commentators have reached for their podia clamouring to the leadership to do something. I shall highlight three interesting contributions in the FT, from Larry Summers, Wolfgang Munchau and Gideon Rachman. The discussion deals with the issues … Continue reading →

Posted in A € for your Thoughts, Sovereign debt Crisis | Tagged European Fiscal Federalism, Gideon Rachman, Larry Summers, Sovereign Debt Crisis, Wolfgang Munchau | 1 Comment

Euro-Update (25) – Handling the sovereign debt crisis – Repurchases redux

Posted on July 15, 2011 by fmpdea

While we are waiting for the results of the stress tests, I thought I should quickly write about something else. After talking about the several debt restructuring options, I thought it would be interesing to consider debt repurchases in a … Continue reading →

Posted in Euro-zone Update, European Interdependences, Sovereign debt Crisis | Tagged European Fiscal Federalism, Repurchases, Sovereign Debt Crisis | Leave a comment