The IMF and the Crises in Greece, Ireland, and Portugal

The IMF and the Crises in Greece, Ireland, and Portugal

Αριθμοί: Οι Απόψεις Των Ευρωπαίων Για Τους Πρόσφυγες | Dianeosis

Αριθμοί: Οι Απόψεις Των Ευρωπαίων Για Τους Πρόσφυγες | Dianeosis

Appraiser practice sharp criticism of IMF rescue Politics - Economy - Süddeutsche.de

Appraiser practice sharp criticism of IMF rescue Politics - Economy - Süddeutsche.de

Πόρισμα της Επιτροπή διαλόγου για προοδευτικές μεταρρυθμίσεις

Πόρισμα της Επιτροπή διαλόγου για προοδευτικές μεταρρυθμίσεις

Labour market recovery since the Great Recession | VOX, CEPR’s Policy Portal

Labour market recovery since the Great Recession | VOX, CEPR’s Policy Portal

The labour market recovery in OECD countries has been steady but slow since the Great Recession. More worrying is the fate of wage growth over the same period. This column assesses the implications of stagnation in the labour market for growth, wages, and inequality. It finds that structural weaknesses in labour market performance have become more visible as markets recover from the Great Recession. The policy response must include macroeconomic policies aimed at strengthening investment, and structural policies to support growth while nudging workers towards higher-skilled jobs.

Lies, Liars, and Lawlessness by Project Syndicate - Project Syndicate

Lies, Liars, and Lawlessness by Project Syndicate - Project Syndicate

The age of Erdoğan, Trump, and Putin, with its representatives’ contempt for rules and norms, is generating serious challenges to global peace and prosperity with alarming frequency. Is there a way forward that doesn’t lead backward?

A mechanism proposal for Eurozone sovereign debt restructuring | VOX, CEPR’s Policy Portal

A mechanism proposal for Eurozone sovereign debt restructuring | VOX, CEPR’s Policy Portal

To make the no-bailout clause credible and to enhance the effectiveness of crisis assistance, private creditors should contribute to crisis resolution in the Eurozone. This column proposes a mechanism to allow for orderly restructuring of sovereign debt as part of ESM programmes. If debt exceeds certain thresholds, the mechanism triggers an immediate maturity extension. In a second stage, a deeper debt restructuring could follow, depending on the solvency of a country. The mechanism could be easily implemented by amending ESM guidelines.