Eurocrisis

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    The Eurozone crisis has deeply eroded the EU’s accountability structures

The Eurozone crisis has deeply eroded the EU’s accountability structures

The Greek referendum highlighted an accountability conundrum: if a Grexit would have significant consequences for the future of the Eurozone, who should be consulted? Mark Dawson writes that this dilemma points at a wider problem within the EU’s accountability structures, which are riddled with paradoxes. He argues that, at least in the economic field, no legitimate structure for ensuring […]

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The Cyprus crisis has shown the growing dysfunctionality of the eurozone.

Reflecting on the recent crisis in Cyprus, Vassilis Paipais and Eirini Karamouzi write that the imbroglio over the county’s banks shows both the difficulties currently faced by the eurozone and the power of Germany in Europe. They argue that the crisis has also brought to the surface real antagonisms over wealth inequalities in the eurozone, and warn that the increasing polarization between […]

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Brussels blog round-up for 23- 29 March: Cyprus crisis continues, creative accounting in Spain, and is Germany Europe’s bully?

Chris Gilson takes a look at the week in Brussels blogging.  The EU centre and the crisis  This week saw Cyprus’ banking crisis rumble on. On Saturday, Some of it was true… looked over the previous week’s developments, commenting of the Cyprus bail-in that, ‘the operation was a success, but a shame the patient died’. Open Europe ponders whether or not Cyprus […]

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The Eurozone crisis is severely limiting the EU’s foreign policy capacity.

Spyros Economides argues that the eurocrisis has resulted in a more ‘introverted’ Europe. Existential fears about the future of the EU have increased member states’ divisions over foreign policy issues, and there is a perpetual ‘tug-of-war’ between EU states with global and regional ambitions. He writes that the EU has a very long way to go to build a European […]

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European health systems are changing in response to the financial crisis but face barriers to implementing necessary reforms.

The financial crisis has affected almost every aspect of European governments’ ability to maintain public services, and healthcare has been no exception. Philipa Mladovsky and Sarah Thomson look at how health systems have responded to the financial crisis and find that there is substantial variation across Europe. Some countries were better prepared than others to cope with a fiscal shock, […]

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Policymakers’ economics backgrounds vary substantially across EU and OECD countries

The appointments of Lucas Papademos in Greece and Mario Monti in Italy in 2011 are examples of leadership changes intended to bring more competent figures into government. But why do governments sometimes appoint economic policymakers with economics training, whilst others do not? Using new research, Mark Hallerberg and Joachim Wehner suggest that levels of economics education among finance ministers are […]

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