FEPS Fresh Thinking

Ernst Stetter and Giovanni Cozzi (Economic Advisor at FEPS) Europe needs to abandon its focus on austerity in order to overcome the recession and to build modern and effective economic governance! This call has now been embraced by several leading politicians across Europe. From President François Hollande, who campaigned against spending cuts and in favour… » read more

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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

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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

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Posted by Ernst Stetter

Recently, in a German magazine, I published an analysis which questioned if Brussels wants Europe. Of course, this was a rhetorical question but nevertheless a valuable one regarding the current situation in the final phase of negotiations about the 2014-2020 multiannual financial framework this autumn. We see clearly that national egotisms are not at all… » read more

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Posted by Ernst Stetter

It seems that there is now consensus that it will be nearly impossible to lead the EU out of the crisis without any further growth stimulating measures. It also seems that the Spanish government’s acceptance of an initiative to ask the European Union to launch the rescue mechanism in order to address the needs of… » read more

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Posted by Ernst Stetter

The election of François Hollande in France and the outcome of the Greek elections are evident examples of the growing anti-austerity reaction in Europe. And France and Greece are not the only examples. The Dutch Government had to resign recently after the populist right-wing party removed its support to a proposed austerity package, which included… » read more

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Posted by Ernst Stetter

Keynes teaches us that we should not slow down growth in periods of already sluggish growth! Last year ended with an EU Summit and 2012 started as 2011 ended. At the beginning of January Merkel and Sarkozy met in Berlin and at the end of the month we will again have another summit. It seems… » read more

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Posted by Ernst Stetter

How long will Germans be made guilty in a Platonian cave haunted by shadows of the past? In the last couple of weeks all over Europe a sentiment of Germanophopia appeared and this even amongst political friends. Comments like “If the Euro fails, the EU will disintegrate. And you, our German friends, will miss the… » read more

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Posted by Ernst Stetter

Those who have seen the recent movie Contagion are aware how terrible this is when necessary precautions have not been taken in time. Let us be clear, the “crisis-beast”, or the financial markets have already been very successful in their contagion strategy. We have seen last week that two democratically elected Euro-zone governments, Greece and… » read more

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Posted by Ernst Stetter

Yesterday the President of the European Council announced the postponement of the long overdue Eurozone summit which was due to take place next week. I am wondering if the Belgian Council President is now using Belgian practices of non-decision making and postponing. We all know that Belgium is now more than 16 months – since… » read more

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Posted by Ernst Stetter