Greece and the euro area need a deal within days, not months
International press informs us that the Greek government believes it has weeks or perhaps months to negotiate a new deal with its creditors. The basic idea of the new Greek finance minister Yanis Varoufakis is that Greec...
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Die EZB ist verpflichtet, ihr Mandat zu erfüllen
Die Europäische Zentralbank (EZB) wird wohl am 22. Januar ein Ankaufprogramm für Staatsanleihen ankündigen. Die Sorgen über die Auswirkungen und die Effektivität des Programms sind groß. Die EZB muss vorsichtig die Koste...
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How can Europe escape recession in 2015?
2014 will be remembered for two major unexpected developments. First, the European Union was caught by surprise by the return of geopolitics. The annexation of Crimea, the military conflict in Ukraine and the increasing ...
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Licht- und Schattenseiten einer Gemeinsamen Arbeitslosenversicherung
Das Problem: Die Arbeitslosigkeit in Europa ist in große Höhen angestiegen. Gleichzeitig bleibt das Wirtschaftswachstum gedämpft. Deshalb ist es an der Zeit, eine Debatte über mögliche zusätzliche wirtschaftspolitische I...
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Lessons from the Bank of Japan for the euro area
The decision of the Bank of Japan end of October 2014 to significantly expand its asset-buying programme came as a surprise. The yen weakened and stock markets rallied. The decision taken with only a small majority by th...
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Economic Recovery – Still an Unfinished Business?
Chair: Martin Santa, Head of the Communication Department, Ministry of Finance of the Slovak Republic, Bratislava Ivan Lesay, Senior Advisor to Minister of Finance of the Slovak Republic, Bratislava Jozef Siekla, Chairma...
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How can Europe avoid secular stagnation?
Larry Summers crystallized an important question in a recent speech: Has the world economy entered a period of “secular stagnation”? The slow recovery in the United States since the financial crisis is his starting point...
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France and Germany: a moment of truth
France and Germany, which together account for half of euro-area GDP, are rightly considered the key to the euro area’s exit from the current impasse of low growth, falling inflation and increasingly dangerous debt traje...
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Eurozone banks’ distress
Guntram B. Wolff gave a Seminar at wiiw on ‘Eurozone banks’ distress: lessons from the United States and Japan’. After the seminar he gave wiiw scientific director Michael Landesmann and interview....
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