FEPS Fresh Thinking

Archives for Economy & Euro

We all know there will be a number of crucial decisions taken in 2017. And we have to re-think how the European project continues in-line with the upcoming negotiations.   Let us remind ourselves that we are celebrating 60 years of the Treaty of Rome this year. This marks the moment of Europe coming together,… » read more

Posted by Ernst Stetter

It is natural that, after giving birth to a child, all parents want their newborns to have a good, healthy, productive and fruitful life. In that respect it is not surprising that Facebook’s Mark Zuckerberg and his wife Priscilla Chan have the same feelings and emotions. In an open letter posted on Facebook yesterday and… » read more

Posted by Ernst Stetter

The debate on Greece and how a solution can be found is causing more and more problems. The public opinion in Northern Europe is influenced by the “pacta sunt servanda” approach, meaning Greece has to fulfil all commitments so far signed. In Southern Europe – especially in Portugal, but also in Spain – it is… » read more

Posted by Ernst Stetter

Last week, I was asked to discuss the potential lessons for the European Union from the Nordic Models at the Nordic Labour Movement congress SAMAK. For me, three points seem essential: First: Freedom and prosperity needs to be created through opportunities and challenges! Democracy, respect for human rights and rule of law remain guiding principles… » read more

Posted by Ernst Stetter

The French Prime Minister Manuel Valls gave a speech this week on the general policies to implement in the country to overcome the crisis and to implement an economic policy in order to foster growth and reduce the high unemployment rate in France. The content of the speech was submitted to a confident vote in… » read more

Posted by Ernst Stetter

Yesterday’s decision of the European Central Bank to cut its key interest rate below zero and the other measures announced are more than a European way of the U.S. Quantitative Easing (QE). The ECB cut its main refinancing rate to 0,15% and its deposit rate from zero to minus 0,1%. The European Central bank is… » read more

Posted by Ernst Stetter

During the weekend I received some emails and comments on the proposal to establish the transatlantic trade and investment partnership (TTIP/TAFTA). Talks between the EU and US started this summer. In the public debate taking place in Europe over the TTIP negotiation, it seems that we Europeans have to accept US standards and law and… » read more

Posted by Ernst Stetter

In a conference organised by Policy Network in London this week, Lord Tony Giddens argued, in a session I had the honour to chair, that the problems we are facing at the moment are not just European but also global. The key question facing Europe, as well as the US, China, India and Africa, is… » read more

Posted by Ernst Stetter

Ernst Stetter and Giovanni Cozzi (Economic Adviser at FEPS) Youth unemployment has become one of the most crucial economic and social issues in Europe since the outburst of the ongoing financial and economic crisis. Several European countries are experiencing extremely high levels of youth unemployment. For instance, in 2011 countries like Spain, Greece, and Italy… » read more

Posted by Ernst Stetter

In my last blog I argued that the next EU budget should be a multiannual framework of a joint and common expression of a sound economic, fiscal and social policy in Europe. The budget framework should be therefore also a starting point for a more thoughtful debate on the future of the Union. We are… » read more

Posted by Ernst Stetter