EMU

Companies 21st August 2024

EMU announces plan to introduce additional 9% tariff on Tesla cars imported from China

Bankinter | The EMU announces its plan to introduce an additional 9% tariff on Tesla cars imported from China. This figure results from a downward reassessment of the preliminary number. The applied tariff varies between companies in the sector, as the EMU has considered factors such as the company’s country of origin (Chinese-owned companies receive more benefits from the government) or whether they have cooperated with the investigation to determine…

In Europe 10th May 2018

The EMU Must Quit Kicking The Can Down The Road

The IMF Managing Director Christine Lagarde recently mentioned that a more unified euro area could be a “compass to prosperity for the region and a beacon of hope to the world.” In this spirit, the Elcano Royal Institute has recently published a paper by Spanish economists on the reform of the EMU.

In Europe 28th November 2016

Some Animals are More Equal than Others

Francesco Saraceno | This post is nothing new. It is just a reminder for non European readers (or for distracted European readers), about the way things work in the EMU. The German Bundesbank President Weidmann violently attacked the European Commission for failing to enforce fiscal discipline within the Stability Pact.

Spanish economy, Uncategorised 18th July 2016

Perseverare Diabolicum

Last week the Council decided that Spain and Portugal’s recent efforts to reduce deficit were not enough. This lead to the two countries being fined, the first time this happens since the inception of the euro.

In Europe 8th March 2016

The ECB Will Prefer To Be Safe Rather Than Sorry

The ECB’s main priority will be to fuel confidence in the financial markets and inflation will be its alibi for this. In February, eurozone CPI receded to -0.2% year-on-year and, in the short term, the region should be prepared for negative rates to continue.

In Europe 19th January 2016

The Quest For Discretionary Fiscal Policy

Francesco Saraceno | The EMU policy debate in the past few months kept revolving around monetary policy. Just this morning I read a Financial Times report on the never ending struggle between hawks and doves within the ECB. I am all for continued monetary stimulus. It cannot hurt. But there is only so much monetary policy can do in a liquidity trap. I said it many times in the past (I am in very good company, by the way), and nothing so far proved me wrong.

In Europe 22nd September 2015

EMU Troubles: The Narrow Way Out

PARIS | By Francesco Saraceno | I was asked to write a piece on whether we should continue to study the EMU (my answer is yes. In case you wonder, this is called vested interest).

Interviews 8th September 2015

Interview to James K. Galbraith: When is a rescue not a rescue but a seizure of assets?

By Luis Martín via Truman | Professor at the Lyndon B. Johnson School of Public Affairs (Texas), James K. Galbraith was advisor to the Greek Minister of Finance, Yanis Varoufakis, from February through July 2015. In this interview he spoke about the Greek crisis and the challenges ahead for the euro currency.

In Europe 7th September 2015

And the Winner is (should be)…. Fiscal Policy!

PARIS | By Francesco Saraceno | So, Mario Draghi is disappointed by eurozone growth, and is ready to step up the ECB quantitative easing program. The monetary expansion apparently is not working out as planned.

In Europe 18th August 2015

Euro area: the importance of real convergence for economic union

LA CAIXA RESEARCH | Convergence between core and periphery countries must improve in order to strengthen the eurozone’s future growth and sustainability.

1 2 3 »