Monday, October 29, 2018

globalisation and democracy | Charlemagne, The Economist

a European trilemma

In a globalised world, theorises the Harvard professor, a country can have economic integration, the nation-state or democratic politics, but not all three fully. It can choose integration and the nation-state but give up democratic control to technocratic, supranational institutions  (D.Rodrik)

Wednesday, October 24, 2018

Fixing the euro needs to go beyond economics | VOX, CEPR Policy Portal

Fixing the euro needs to go beyond economics | VOX, CEPR Policy Portal



Reforming the political governance of the EU, rather than just its economic governance

The euro crisis is one of a series of crises seriously threatening the European project and feeding the rise of nationalist euro-sceptic political parties. Similarly, the management of the migration flows since 2015 has been plagued by serious coordination failures as Europe is deeply divided ...

How to reconcile risk sharing and market discipline in the euro area | VOX, CEPR Policy Portal

How to reconcile risk sharing and market discipline in the euro area | VOX, CEPR Policy Portal

The euro area continues to suffer from critical weaknesses that are the result of a poorly designed fiscal and financial architecture, but its members are divided on how to address the problems. This column proposes six reforms which, if delivered as a package, would improve the euro area’s financial stability, political cohesion, and potential for delivering prosperity to its citizens, all while addressing the priorities and concerns of participating countries.