Europe Is Missing 10,400 Billion Euros in Market Capitalisation

The need for sovereignty – digital, technological, medical, energy, or food – has become a priority, at least in the discourse. It is evident …

The Reform of Fiscal Discipline Rules should not be rushed

Fiscal Rules of the European Union
Olaf Scholz, the new German Chancellor, visited French President Emmanuel Macron on 14 December to discuss questions regarding …

Could ‘Lombardy Bonds’ be the answer to the Eurozone debt puzzle?

At the last Eurogroup meeting, Eurozone finance ministers agreed to set up a ‘Recovery Fund’ to help trigger an economic rebound once the lockdowns …

A new beginning – Greece after the elections

Unemployment peaked at 27.5%, more than 400,000 people emigrated in a single year, and the debt to GDP ratio reached 180%. The 2008 financial …

The fiscal union: a necessary step for the EMU

The 2008 crisis exposed the grave flaws of the EU’s Economic and Monetary Union (EMU). Most economists were not able to predict such economic …

Financial Stability Without Central Banks

A ‘free’ banking system without a central bank provides incentives for banks to act with restraint. Their lending policies are, in effect, tied to …

A Joint Open Letter on the Future of EU Finance

The EU budget has been a result of political negotiations and trade-offs between Member States rather than a well-grounded financing of mutually agreed pan-European …

Inflation and the ECB: a political problem

Mario Draghi´s latest comments expressing his support for continuing the European Central Bank´s Quantitative Easing drew much controversy from northern Eurozone countries, especially Germany, …

Would a Return to a National Currency without Institutions Work?

Part 3 of our Greek economy series. For Part 1 and Part 2 as well.
 
Some economists like Stiglitz claim that Greece should give …

European Superindex

It has been one year and a half since Professor Nicola Rossi and I started the Superindex at Istituto Bruno Leoni.
 
The Superindex …

Give the people what they want

In a previous post, entitled “The changing narrative of the Euro crisis”, Diego Zuluaga argued that, while Eurozone reform was justified, European policymakers “should …

The changing narrative of the euro crisis

Diego Zuluaga // 05.10.2016
When the eurozone debt crisis broke out in late 2009, there was considerable agreement among policymakers that budgetary prudence and …

The importance of being credible: Eurozone rules and Italian banks

13 July 2016
 
The conventional account of the Eurozone crisis is one of reckless bankers lending to households and governments far beyond their ability …

Pricking the balloon on Eurozone deflation

18 May 2016
As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer prices …

Pricking the balloon on Eurozone deflation

Diego Zuluaga // 18.05.2016
As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer …

False claims about the Eurozone from the Brexit camp

Diego Zuluaga // 01.03.2016
As the debate on British membership of the European Union gathers steam, the Eurozone is getting a fair amount of …

Portugal at the crossroads

André Azevedo Alves // 18.11.2015
The Portuguese parliamentary election that took place on 4th October delivered a result that very few would have anticipated …

Can we have integration without centralisation?

Diego Zuluaga // 13.11.2015
In a new publication, my colleague Philip Booth at the Institute of Economic Affairs makes a resolute case for Britain …

Deregulation and reforms are the missing ingredient in the recovery

Diego Zuluaga // 11.11.2015
Writing in the Financial Times (“In the long shadow of the Great Recession,” 10 November), Martin Wolf meditates on the …