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Europe is worth more than 20 billion Euros, isn’t it?

Newspapers all over Europe, political observers and politicians are gloomy of late.  For example Le Monde’s headline tells us that Greece has another 10 days to avoid the worst. The Financial Times...

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The Perils of Contagion – Europe must re-orientate macroeconomic policy!

Those who have seen the recent movie Contagion are aware how terrible this is when necessary precautions have not been taken in time. Let us be clear, the “crisis-beast”, or the financial markets have...

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Austerity is ineffective – We all know it!

Keynes teaches us that we should not slow down growth in periods of already sluggish growth! Last year ended with an EU Summit and 2012 started as 2011 ended. At the beginning of January Merkel and...

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Austerity, elections and politics

The election of François Hollande in France and the outcome of the Greek elections are evident examples of the growing anti-austerity reaction in Europe. And France and Greece are not the only...

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Where will jobs come from?

In a conference organised by Policy Network in London this week, Lord Tony Giddens argued, in a session I had the honour to chair, that the problems we are facing at the moment are not just European...

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Is Mario Draghi kicking out financial capitalism and austerity policies?

Yesterday’s decision of the European Central Bank to cut its key interest rate below zero and the other measures announced are more than a European way of the U.S. Quantitative Easing (QE). The ECB cut...

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