European Labour Markets: Six Key Lessons From The Commission Report

Jonathan POrtes

I haven’t always been complimentary about the European Commission – either its economic analysis or its policy advice.  So it’s nice to be able to be wholeheartedly positive about the excellent report “Employment and Social Developments in Europe 2012” (brought to my attention by this article by Ambrose Evans-Pritchard in the Telegraph, also excellent) produced by the Commission’s Directorate-General for […]

Europe is not working!

David Lizoain

Yesterday, Joseph Stiglitz spoke at a conference in Barcelona. He noted that the euro zone is designed in such a way that when young people from Greece, Ireland, etc. emigrate, they are no longer liable for the debts accumulated by previous generations. This emigration shrinks the tax base and makes it harder to service public […]

A Modern Approach for Fair, Inclusive, Pro-active Labour Market Policies – Lessons learned from the Austrian Experience

Throughout the course of history, there were several so call labour market models in western societies: the United States, Sweden, Denmark, the Netherlands, and more recently Germany and, maybe, Austria. In terms of a well functioning labour market, most of them were successful for a certain period in history but failed in others. Look at […]

A Labour Market Perspective of the Austerity versus Growth Debate

Marco Giuli

The French electoral campaign has been widely read across Europe as a fight between the candidate of austerity and the candidate of growth, as much as these interpretational categories have been used to describe the frictions between Hollande and Merkel, exacerbated during the latest European Council summit. But this debate is misplaced, gives rise to […]

Revitalising European Industry


Europe is debilitated with the effects of two years of desperate crisis management. The prescribed treatment resembles the old practice of bloodletting on ailing patients. Growing debts are paid with more loans, and new loans are made dependent on increasingly severe austerity measures. The results are a greater risk of recession, higher interest rates on […]

Austerity vs. Europe

Javier Solana

It is now increasingly clear that what started in late 2008 is no ordinary economic slump. Almost four years after the beginning of the crisis, developed economies have not managed a sustainable recovery, and even the better-off countries reveal signs of weakness. Faced with the certainty of a double-dip recession, Europe’s difficulties are daunting. Not […]

Working time reduction: win-win and possibly win-win-win


Dean Baker counters American National Public Radio attacks on France’s 35-hour week and in doing so gives me an opportunity to write about something other than the interminable euro area crisis (and reflect on whether I shouldn’t try to leave the office at a reasonable hour tonight). Dean is right. Those asserting that the working […]

A Deindustrialized Europe?

Daniel Lind

In the last thirty years, the share of manufacturing in total world GDP has decreased. Simultaneously, there has been a fall in relative and absolute manufacturing employment in the Western world. This structural change is defined as deindustrialization and started in the US at the beginning of the 1960′s. Since then, almost all rich countries […]