At least nine EU countries in recession: stimulus urgently needed

watt

The latest Eurostat flash estimate shows that at least nine EU countries are in recession, having posted negative economic growth in both the first quarter of 2012 and the last of 2012. In four of these Member States that makes three consecutive quarters of contraction and in Greece and Portugal output has been falling for [...]

The Euro Endgame

henning-147x166

The Euro endgame is now on. And for the first time since this whole saga has started I see the likelihood that something is going to give soon as higher than the whole Eurozone staying together. It is not a forgone conclusion but it is hard to see where the political impetus to decisively change course is [...]

On Underwear Bombs

zygmuntbauman

Two days after Social Europe published my note on soft power and hard facts, the press announced the arrival of the new terrorist Wunderwaffe: the underwear bomb… Just to remind you, the piece ended with a musing: Some people reckon that the collapse of the Soviet Union was triggered by Reagan involving Gorbachev in an [...]

Doubling Down

paul krugman

I guess we knew this was coming, but in the face of last Sunday’s election results and the broader evidence that Europe’s economic strategy is an utter failure, the usual suspects are, you guessed it, doubling down. Simon Wren-Lewis looks on in horror as the Dutch agree on completely unnecessary austerity measures, as a way of showing [...]

European Politics after the Greek and French Elections

henning-147x166

The important elections in Greece and France are now behind us and the results will hopefully have a decisive impact on European crisis politics. The days after such important elections are also ‘talking heads’ time. I was on Al Jazeera International and on Sky News to discuss the implications of the election results for European [...]

European Democracy: 2012/2014 another Stepping Stone?

alexis lefranc

It has become common talk across the European Union to blame the Commission for being undemocratic, and a better representative of financial elites than of the people’s interest. Populist parties wallow in corrosive attacks on “Brussels’ diktats”, while mainstream politicians do not dare risk a stand in favour of Commissioners widely seen as unelected technocrats [...]

Europeanism and the Europeanisation of Family

Julien Etienne

Euroscepticism inside the European Union is not as thriving as Euro-doomsayers have suggested: in various elections in Europe in the last months, an overwhelming majority of Europeans have reasserted their support for pro-European parties. Yes, the eurosceptic fringe has been growing, but it is still only a minority. Nevertheless, in these trying times popular support [...]

The Euro Cent finally drops

watt

What has been economically obvious for some time even to the most obtuse or ideological observer has now finally had significant political consequences. The strategy of austerity plus market-oriented so-called ‘structural’ reforms pushed through by the centre-right governments and neoliberal-dominated European policymaking institutions has failed. This was a death foretold. Like in the episode of [...]

President Hollande – Winds of Change in Europe?

CC Francois Hollande on Flickr

Sunday the 6th of May 2012 might become a significant date in European politics. The Greek election results and above all the election of Francois Hollande as new French President might be the start of political change in Europe. I (and others on SEJ) have argued for a long time that the Angela Merkel driven European [...]

Yet more Misery for Europe’s Labour Market as the Commentariat belatedly catches up

watt

An additional almost 200,000 Europeans were unemployed in March compared with February according to the latest Eurostat data. Of these the vast majority were in the euro area (169,000). The pace at which the labour market situation is deteriorating is, if anything, accelerating. Since March 2011, when ill-advised austerity and monetary policy tightening began to [...]

A Progressive Europe should stand up to the Banks and Big Business Lobbies

hoedeman

The crisis has shown the urgency of rejecting the neoliberal ideology currently dominating EU policy-making and reigning in the far-reaching influence of corporate lobbies. There has been a lively debate about the influential role of lobbying in Brussels over the last few years, centred on the lack of transparency around lobbyists’ activities. Scandals linking MEPs to [...]

Spanish Freefall

David Lizoain

The bad news in Spain continues unabated. 15% of all jobs have now been destroyed since the start of the crisis. Meanwhile, the IMF has suggested a public bailout of the financial sector may be needed: To avoid resolution costs becoming too high for the industry to bear, especially in a reasonable time period, greater reliance [...]