Stronger economic governance in the EU

Francesco Giavazzi, Luigi Spaventa, 14 October 2010The European Commission now recognises that fiscal discipline alone is not enough to ensure the stability of the euro. Yet this column argues that the new proposals to combat the Eurozone’s fragility are an empty and useless exercise – Europe’s policymakers should instead be worried about unchecked credit expansion.Full Article: The European Commission’s proposals: Empty and useless

Stephen Kinsella, Vincent O'Sullivan, 20 September 2012The European Commission is planning a shake-up in financial supervision in Europe. This column argues that time will tell whether or not this is a good idea – for now all we have for certain is uncertainty.Full Article: The commission’s proposal on bank supervisory powers for the ECB

The normally astute and blunt Martin Wolf is either having an uncharacteristic bout of circumspection or is managing to miss an important, arguably determining reason why the Eurozone persists in inflicting destructive austerity on much of its population. As his current column shows, Wolf is under no illusion as to the success of the Eurozone experiment and reminds readers it could still fail:

Jacopo Carmassi, Carmine Di Noia, Stefano Micossi, 20 September 2012The European Commission’s latest proposals for financial regulation are seen by many as the first steps towards a banking union. This column argues that there are a number of issues that need to be exposed and debated in public before the Commission decides on anything.Full Article: Banking union: A federal model for the European Union with prompt corrective action

Reactions to Britain's economy shrinking 0.

Martin Wolf: A response to Roger Altman: Roger Altman of Evercore partners is a friend of mine, a distinguished public servant and a respected financial expert. But his column “Blame bond markets, not politicians, for austerity” is, in my view, gravely mistaken. Let me quote the first two paragraphs, since they go to the heart of the matter:

This column argues that the European Commission’s reform proposals for the pact include some good ideas but many bad ones.