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November 22, 2021

Bailed-out governments did not lose policy-making discretion during the Eurozone crisis

Catherine Moury Catherine Moury, Stella Ladi, Daniel Cardoso and Angie Gago argue that bailed-out governments during the Eurozone crisis exercised more leverage than assumed. Despite international market pressure and creditors’ conditionality, bailed-out governments were able to advocate, resist, shape or roll back some of the policies demanded by the EU’s Troika Read more

July 26, 2021

The German Greens could transform not just German economic policy-making but the nature of the Eurozone itself

Gabriele Beretta The CDU is facing its first post-Merkel electoral campaign, and the SPD is struggling to gain more than a 15% vote share. The Greens, meanwhile, are the second largest party in Germany. The impact of their results on the new German government may be the Eurozone’s most important political development of 2021. Gabriele Beretta argues that this could also have dramatic macroeconomic consequences for the Euro Area Read more

March 18, 2021

What explains Germany’s conversion to common European Union debt?

Lucas Schramm In 2020 Germany promoted a bold European response to the corona crisis, involving common EU debt. This contrasts starkly with its position a decade before, when it favoured austerity over fiscal stimulus and debt pooling. Lucas Schramm and Amandine Crespy argue that the specific nature of the corona crisis reconfigured Germany’s national interests in Europe Read more

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