The EU’s latest agreement is still some distance from a fully-fledged banking union

Eurozone finance ministers have agreed a new system for dealing with failing European banks, with the agreement being seen as an important step toward creating a European ‘banking union’. Emmanuel Mourlon-Druol writes that while the aim of creating a banking union has been portrayed as a relatively recent phenomenon, it has a much longer history stretching back to the early […]

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Why are conspiracy theories popular? There’s more to it than paranoia.

Conspiracy theories have long played a part in political debates. Following the recent meeting of the Bilderberg group in Watford, Joseph E. Uscinski assesses why the popularity of conspiracy theories has proven so resilient. He argues that some of the most common explanations, such as the notion that a belief in conspiracy theories reflects psychological defects like paranoia or mental […]

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Clamping down on Google’s tax avoidance: don’t hold your breath

Outrage over tax avoidance has bubbled up this week with the visit of Google’s executive chairman Eric Schmidt to the UK. The crucial agreement that has brought criticism of Google is that the sale of a product over the internet is treated just like the sale of its physical equivalent, and therefore taxed in the country where the company is […]

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Five minutes with Saskia Sassen: “The issue right now is not the lack of discipline in Eurozone economies; it’s the financialisation of everything”

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, what is the […]

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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 […]

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A cap on bankers’ bonuses is needed to limit excessive risk taking and the associated costs to the taxpayer.

A provisional EU agreement has been reached on the principle of capping bonuses in the European banking industry. Sony Kapoor and Philippe Lamberts present a case in favour of such a cap, arguing that the current skewed incentives faced by bankers drive excessive risk-taking, which ultimately has to be paid for by taxpayers. The European Parliament is right to limit […]

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