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    The EMU quest for integration: What does the ECB’s collateral data tell us?

The EMU quest for integration: What does the ECB’s collateral data tell us?

The ECB recently announced that its quantitative easing programme will stop at the end of 2018. Corrado Macchiarelli and Mara Monti write that the way this decision is managed will be crucial for avoiding potential market disruptions in the eurozone. However, the key long-term concern will be achieving political consensus in the coming years given the challenge posed by […]

Made in the UK: Brexit and manufacturing revisited

Bob Hancké of the LSE points out the domestic economic effects of Brexit are dynamic, not static. While some industries will be devastated by Brexit, resources may switch to other areas which, in theory, could thrive. But for this to happen, the UK needs to revamp its industrial supply chains, which are dependent on close links to European manufacturers […]

  • Permalink The GCHQ building in Cheltenham was built and maintained by Carillion, which went into compulsory liquidation in 2018, Credit: GCHQ (Crown Copyright)Gallery

    Why public sector outsourcing is less efficient than Soviet central planning

Why public sector outsourcing is less efficient than Soviet central planning

Since the 1990s, public sector outsourcing has evolved through competitive tendering, partnership working (particularly via Public Finance Initiatives), strategic-commissioning and prime-contracting. Each of these iterations has promised better public goods and services for less cost. Their practice, however, has frequently been marked by rising costs and lower service quality. Abby Innes explains why.

The logic of outsourcing is that market-based production […]

June 14th, 2018|Uncategorized|1 Comment|

Greece: the Triumph of an Alternative Narrative

Phillipe Pochet of the European Trade Union Institute in Brussels sees the recurring Greek debt crisis as emblematic of the conflict between markets and democracy After the rush of commentary formulated in the heat of the moment, the Greek election results call for analysis also from a longer-term and twofold standpoint. There is a need to examine, on the one […]

February 12th, 2015|Uncategorized|0 Comments|

Europe’s fading climate policy ambitions

Bela Galgoczi of the ETUI in Brussels says a lack of coherent policies is hindering Europe’s efforts to tackle climate change Europe is losing momentum in greening its economy, and its former leadership in this area is eroding rapidly. Indeed, after a 60% drop in clean energy investment in 2013 compared to the 2011 peak, Europe has become the global laggard in […]

October 3rd, 2014|Uncategorized|1 Comment|

Juncker and the European Social Model: Is a revival in prospect?

Leticia Díez Sánchez examines the new EU President’s pledge to look at the social impact of economic reform The election of Jean-Claude Juncker has with no doubt been part of a package-deal between (mostly) pro-European parties. A deal that secures institutional stability and defies the Eurosceptic rise experienced in the last European Parliament elections. Most accounts on whether Juncker is a good fit […]

Immigration and its problems

Bob Hancké of the LSE ponders the peculiar assumed attractions of the UK labour market to immigrants Here’s a very thoughtful, interesting piece on migration in the UK, which probably also holds some lessons for other countries. Yet there is something that I don’t understand: even this balanced piece states that the UK will become a ‘honeypot’ once growth is […]

Giving and receiving: effects of labour emigration on the Bulgarian labour market

Plamen Dimitrov of the Bulgarian trade union confederation, CITUB, assesses the pros and cons of migration by Bulgarian workers to Western Europe. He argues that the negative impact on labour markets in host countries is exaggerated, and is in any case far outweighed by the benefits they receive from tax revenues and the skills these workers bring – often to […]

The State of Welfare in Greece: a call for courageous structural reforms

Yiannis Korkovelos argues that a strategy of containing welfare costs regardless of the social costs has proven to be a difficult balancing act. While Greece has been getting to grips with its public finances, developments in healthcare and pensions have exposed a critical need for genuine structural reform Four years on from the March 2010 bailout package, Greek society has experienced several […]

Europe at a Crossroads – what next?

The purpose of this blog is to provoke discussion about the future of the European economy and social model, and we hope we are starting to do that. Before we wind down a bit for the Summer, we thought we would alert our readers to a great opportunity to discuss these issues in person at a major conference being held in […]