It seems as if the crisis in the Euro area has at least taken a break. Since the ECB has announced to buy public bonds at an unlimited extent, markets have calmed down markedly and risk spreads for countries in crisis have been reduced. This shows that the signal the ECB has given was exactly [...]
Watch Professor Gustav Horn of the Macroeconomic Institute of the Boeckler Foundation discuss the European growth agenda with Henning Meyer, editor of Social Europe Journal. This interview is part of the European growth strategy expert sourcing jointly organised by Social Europe Journal, the Friedrich-Ebert-Stiftung, the Bertelsmann Stiftung, the IMK of the Hans Boeckler Stiftung and the European Trade Union Institute (ETUI).
Another melancholy look back at 2011. It brought Germany strong growth, rising employment, falling unemployment and lower national deficits. It could have been called a good year had it not also been the year when the Euro started to falter. Thus in 2012 we will either come up against the brick wall of a failed [...]