The Long Shadow of Ordoliberalism
In its attempts to rescue the euro, Germany is often seen as the odd country out. However, what is seldom understood abroad is that the German position is about more than limiting its own fiscal exposure.
Sebastian Dullien
Three Elements for a European Recovery Strategy
Growth will not be created with marginal policy measures – we need a fundamental change of the current policy mix. An end to extreme austerity, more public investment and a reform of the financial system must be at the core of a EU growth strategy.
Two dangerous myths about a ‘Grexit’
Two myths about a Greek exit from the euro have recently gained traction. Both are misguided and both are extremely dangerous. Here are the reasons why.
Reinventing Europe: Explaining the Fiscal Compact
How does the Fiscal Compact shape fiscal policy and austerity in the euro area and what can be done to make austerity in Europe less brutal? The development of a meaningful 'Growth Compact' may provide the best way forward.
Why Berlin is fixed on a German solution to the eurozone crisis
Understanding how Berlin thinks is now more important than ever. If EU leaders want Angela Merkel to listen to calls for growth, they first need to understand her economic mindset which is deeply rooted in a concept known as 'ordoliberalism'.
The economics of the summit: an expensive signal to the ECB
The only real success of the euro summit was that it might encourage the ECB to step up its role in the euro area. But years more austerity and a major rift with Britain are a high price the whole euro zone will have to pay for German ideology.
The euro summit: think twice before you celebrate
The reaction of both the markets and politicians suggests that the latest euro summit has been a success. But the outcome is unlikely to end the euro crisis, and parts of it might actually make it worse.