A Breakthrough Opportunity for Global Health

stiglitz

Every year, millions of people die from preventable and treatable diseases, especially in poor countries. In many cases, lifesaving medicines can be cheaply mass-produced, but are sold at prices that block access to those who need them. And many die simply because there are no cures or vaccines, because so little of the world’s valuable [...]

Two dangerous Myths about a ‘Grexit’

dullien

Two myths about a Greek exit from the euro have recently gained traction. Both are misguided and both are extremely dangerous. Here are the reasons why. After the Greek parties failed to form a government and the country now heads towards new elections in June, everyone is talking about a possible exit of Greece from [...]

When Neo-Liberals drop their Mask

Ronald Janssen

There are those moments when things become very clear. One such moment arrived last week, on the 9 May when the President of the European Commission presented the Commission’s statement for Schuman Day also known as Europe Day.  This statement contains a number of enlightening comments, revealing the real thinking inside the Commission. First, there’s [...]

Grexit – A Ship of Fools

Irvin

Everybody is saying it: Greece will go under and probably the euro with it. Indeed, not just on the Eurosceptic right but on the left too it has become oddly fashionable to welcome Greece’s exit from the euro. This is dangerous nonsense. If Greece leaves, the euro is almost certainly doomed. Nobody can be certain [...]

Finding a Way out of the Crisis – Growth and Employment in Europe

Frank-Walter Steinmeier

The economic and social consequences of lopsided policies focussed on lowering expenditure are fatal. Europe is threatening to fall apart as a result. Instead of the European crisis easing, it has worsened over the past two years and the credit risks which Germany is shouldering have not shrunk, but have grown significantly. The crisis from which [...]

European Monetary Union: Doomed to fail or just another Stepping Stone?

tom mcdonnell

With talk of a Greek exit from the Euro now being treated seriously it can be informative to consider past experiences with monetary union. The normal fate for currency unions has been eventual failure and dissolution, and the history books are full of examples of such failures. By and large having some pre-existing form of [...]

German State Elections send Merkel an Economic Message

henning-147x166

The recent elections in North-Rhine Westphalia (NRW) have produced a great result for the German Social Democratic party (SPD) and a crushing defeat for Angela Merkel’s Christian Democrats (CDU). After a dozen years, and with a vote share of 39.1%, the SPD has re-emerged as the strongest party in Germany’s most populous state. The CDU, on the other hand, [...]

Democratizing the Eurozone

vivien schmidt

In recent months, more and more attention has been focused on the failure of the Eurozone leaders’ policies of fiscal consolidation, with growth presented as the alternative. The problems for the Eurozone stem not just from the policies, however.  They also come from the governance processes and the politics—or lack thereof. Processes The main problem [...]

Creating Jobs in recession-hit Communities in Europe: Why Microcredit will not help

milford bateman

As the jobs crisis continues to escalate right across Europe, the European policy-making elite is at an almost complete loss as to what to do. However, there seems to be broad agreement that at least one policy intervention can work in today’s desperate circumstances – microcredit. A policy that is more familiar to developing countries, [...]

Is Europe on a Cross of Gold?

eichengreen

Increasingly, one hears predictions that the euro will go the way of the gold standard in the 1930’s. And, increasingly, the reasoning behind such forecasts seems persuasive. But does that mean that the euro doomsayers are right? Following the 1929 stock market crash, Europe was hit by a massive deflationary shock. Output collapsed and unemployment [...]

The Good Society

jon cruddas

Thanks very much for inviting me here this evening; not least because it allows me to talk about philosophy, society and socialism. Believe me as a Labour MP this does not happen very often. I have been a MP for ten years. I went with Tony Blair into Downing St in 1997 and spent three [...]

Kenya, Oil and Populism: Learning from Germany

paul-collier

In March Kenya discovered oil. Even before it has proved to be commercial, and years before the money will flow, oil has already had an impact: by April public servants were demanding a large wage increase. Oil discoveries are psychological earthquakes: people imagine that good times have arrived. Such a narrative is the default option for [...]