Aidan Regan

  • Permalink Gallery

    Debunking myths: Why austerity and structural reforms have had little to do with Ireland’s economic recovery

Debunking myths: Why austerity and structural reforms have had little to do with Ireland’s economic recovery

Ireland was one of the countries hardest hit by the financial crisis, however it has emerged with a strong recovery and now boasts the fastest pace of economic growth of any country in the Euro area. But what explains the Irish recovery and could it act as a model for other Eurozone states? Aidan Regan writes that contrary to […]

Print Friendly
Share
  • Permalink Gallery

    Income growth may be more important to the development of housing bubbles than cheap credit

Income growth may be more important to the development of housing bubbles than cheap credit

The development of a housing bubble in the United States is generally regarded as one of the root causes of the financial crisis that began in 2007, but what causes housing bubbles to occur? Alison Johnston and Aidan Regan write that while the bubble leading to the financial crisis has tended to be blamed on the spread of cheap […]

Print Friendly
Share
  • Permalink Gallery

    The absence of national adjustment tools is the reason why Eurozone countries continue to struggle

The absence of national adjustment tools is the reason why Eurozone countries continue to struggle

The Eurozone continues to experience low growth, while unemployment remains a substantial problem in several European states. Alison Johnston and Aidan Regan write that despite these issues, the European policy response has remained broadly similar since the crisis: reducing public spending and imposing structural reforms in periphery states to try and improve their competitiveness. They argue that there are […]

Print Friendly
Share

Europe’s ‘structural reform’ agenda is little more than a fairytale

The policy response to the Eurozone crisis has incorporated a number of different elements, including the structural reform of European economies. Aidan Regan argues that this ‘structural reform agenda’ has been defined in exceptionally vague terms, and that it is still unclear precisely which reforms would lead to tangible economic improvements in European countries. He writes that with the European […]

Print Friendly
Share

Italy’s political and institutional crisis means that Beppe Grillo and Silvio Berlusconi will benefit the most if the country once again goes to the polls.

Italy’s elections at the end of February were a major victory for Beppe Grillo and his anti-establishment ‘Five Star Movement’ at the expense of the country’s traditional parties. With a hung parliament, and no deal to form a new government in sight, Aidan Regan argues that Italy faces a significant crisis, brought on not by EU-imposed austerity, but by Italians’ […]

Print Friendly
Share

Book Review: A Europe Made of Money: The Emergence of the European Monetary System

The current crisis in the eurozone has roots going back four decades to the negotiations that eventually led to the introduction of the Euro. In A Europe Made of Money, Emmanuel Mourlon-Druol examines those negotiations and the politics and motivations of those that participated. Aidan Regan finds that the book illustrates the important role played by political elites and EU […]

Print Friendly
Share

Threatening to leave the eurozone may be Ireland’s only way to break the link between its sovereign and bank debt.

Ireland faces a heavy fiscal and structural adjustment programme imposed by the Troika at the same time as some EU countries insist that it continues to pay the debt of its failed banks. With Spain now getting assistance for its banks under the European Stability Mechanism, Aidan Regan argues that there are different rules for different eurozone countries. He writes […]

Print Friendly
Share

The convergence of interest rates in the Eurozone has fuelled rather than removed economic divergences between the north and south

When the European Monetary Union was created in the late 1990s it was assumed that the ensuing convergence of interest rates would also lead to economic convergence across Europe. This has clearly not been the case, with the countries of the Eurozone periphery now forced into implementing austerity measures. Aidan Regan argues that these countries are paying the price for […]

Print Friendly
Share

The political and policy consequences of the Eurozone crisis raise doubts about the future of egalitarian capitalism and the development of a ‘Social Europe’

Responses to the Eurozone crisis are having an impact on welfare reform across Europe. Aidan Regan argues that the current focus on austerity has reduced the ability of states to pursue egalitarian policies and reflects a general movement toward neoliberalism at the European level. Across Europe, the welfare state is subject to continued reform. But this begs the question: in […]

Print Friendly
Share