debating progressive politics in Europe and beyond
Has the Eurozone crisis undermined Europe’s place in the world? In an interview with EUROPP’s editors Stuart A Brown and Chris Gilson, Saskia Sassen discusses the role of finance in the crisis, the threat posed by transnational systems of surveillance, and the potential for public disorder to give a political voice to the powerless. In your view, [...]
The establishment of the euro meant that for the first time in history, the national monetary policy of many European countries became pooled at a transnational level. Miguel Otero-Iglesias writes that a consequence of this is the movement of economic sovereignty towards Berlin and Brussels, and away from the Eurozone’s periphery. He argues that greater economic union [...]
The Eurozone is standing at a crossroads, facing the biggest challenges in its history: the systemic crisis and the political attempts to overcome it have far-reaching consequences for the future of the Economic and Monetary Union, European integration and Europe in the world. By identifying the main driving forces that influence the future development of [...]
Angela Merkel’s European policy has so far not succeeded in solving the Eurozone crisis and has been widely criticised across Europe. The recent Italian election has again shown the level of discontent with Europe’s political direction. If you are part of the next German government what would you like to change in the German European policy approach? [...]
Watch Kemal Dervis discuss the Eurozone Crisis and European politics. The talk was recorded in New York at the event ‘A Discussion on the Future of Europe,’ organized by the Center on Global Economic Goverenance, SIPA, Columbia University, with The Brookings Institution and World Leaders Forum. The event took place on 25th February 2013.
What is the point of Europe? The threat of an explosive disintegration of the eurozone – and with it of the European Union – is receding. But the confused outcome of Italy’s recent parliamentary election, with an upper house dominated by a party that campaigned on an anti-EU platform and a pro-European majority in the [...]
Many of us rightly complain about the damage austerity politics is doing in both the UK and the US. However, in terms of simple numbers, this is nothing compared to what is happening in the Eurozone. The table below, based on numbers from the latest OECD Economic Outlook, may look a little complicated, but it clearly establishes this [...]
This seems to be a very common view at the moment. The view that the Eurozone will have to move to fiscal union, which implies some form of political union, comes from two directions. 1) Those working in the political unions that are the United States or the United Kingdom, know combined monetary and fiscal [...]
Eurozone policy seems driven by market sentiment. This column argues that fear and panic led to excessive, and possibly self-defeating, austerity in the south while failing to induce offsetting stimulus in the north. The resulting deflation bias produced the double-dip recession and perhaps more dire consequences. As it becomes obvious that austerity produces unnecessary suffering, [...]
After two years of muddling through, the Eurozone has taken some decisive steps in order to prevent the sovereign debt crisis from leading towards the collapse of the Eurozone. Measures have ranged from a slow path towards a banking union aimed at breaking up the feedback loop between banks and sovereigns, to the Outright Monetary [...]
European leaders had finally agreed on Europe’s budget for the next seven years. This is a triumph of the nation state that shows at the same time that Europe is not getting anywhere along this logic. The compromise budget that is seen as a success for the hawkish member states is less than a tenth [...]
Watch the SPD candidate for the German Chancellery, Peer Steinbrück, discuss his core ideas for the future fo Europe with an international audience. This discussion, chaired by FES London Director Ulrich Storck, was recorded at an event organised by Friedrich-Ebert-Stiftung at the German Embassy in London on 5th February 2013. In some places there is [...]
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