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Tag Archives: European Integration
Introducing the “Visions of the Political Future of Europe” Series
Some of the posts on this website try to offer rather technical economic and political descriptions of the dynamics driving political economies. Others have attempted to provide a review of recent events. There have been scenario analyses, quantified scenario analysis, … Continue reading
On Fiscal Multipliers – General Case and The Eurozone
Although famous structural reforms are on the agenda of the growth debate, attention has returned to the benefits of counter-cyclical fiscal policy during a crisis. This post focuses on this issue, its mechanics and how it can best be pursued … Continue reading
Week ahead Calendar: 20/02/2012 to 24/02/2012: Greece, PSIs, Finance Ministers’ Meetings, Forecasts and Italian Debt Auctions
Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others, all of which I advise you to consult directly. I found Unicredit’s … Continue reading
Posted in Week Ahead
Tagged Council, Debt auctions, ECB, EU Council Meetings, European Integration, Greece, Italy, PSI
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Merkel and Sarkozy’s Letter to Van Rompuy laying out the Dec 5 Agreement
So I found the joint Franco-German press conference from December 5, at the website of the French Presidency (so in French) and confirmed (08:15 into the video) that the reporters did not misrepresent their statements. Merkel and Sarkozy had no … Continue reading
Accommodating the ECB and the Democratic Costs of Intergovernmentalism
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
The latest Franco-German Agreement: Is it enough?
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
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European Integration (3): Crowding out comprehensive European integration
Looking back at the first few posts on this blog, it seems that before highlighting any news I have ended up spending some time describing the process of European integration and its consequences. I think this happened because of the … Continue reading
European Integration (2): The sovereign debt crisis: worst than its exchange rate predecessors
In the preceding posts I started by describing the mechanism of integration and then moved on to describe the process of adaptation that our political economies go through once faced with an undeniable shock. In this post I lean over … Continue reading
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