European Commission Green Paper on the feasibility of introducing Stability Bonds - Official Version
Brussels, 23 November 2011
European Commission Green Paper on the feasibility of introducing Stability Bonds
Cutting Eurostat to Pieces
The present writer took up his Eurostat post in March 1991, right after Desert Shield. He was told then that Eurostat "had no right" to publish economic analyses and those instructions were repeated from time to time ever since. No Eurostat publication that he has seen contained any fruits of the officially forbidden research.
Autumn forecast 2011-13: Growth at a standstill
Commission Vice-President for Economic and Monetary Affairs Olli Rehn said: "Growth has stalled in Europe, and there is a risk of a new recession. While jobs are increasing in some member states, no real improvement is forecast in the unemployment situation in the EU as a whole. The key for the resumption of growth and job creation is restoring confidence in fiscal sustainability and in the financial system and speeding up reforms to enhance Europe's growth potential. There is a broad consensus on the necessary policy action. What we need now is unwavering implementation. On my part, I will start using the new rules of economic governance from Day one."
EUROZONE SUMMIT: METRIC OF SUCCESS
Understanding what a Central Bank is for / The Boundaries of European Financial Institutional Architecture
WHAT IS THE METRIC OF SUCCESS OF THE FINAL EUROZONE SUMMIT CONCLUSIONS ?
EU economic governance: European Parliament approves Commission comprehensive package of proposals for legislative measures
The European Parliament, sitting in Strasbourg on 28 September, approved the Commission's proposals for six pieces of legislation setting out robust new rules for the future economic governance of the EU and the euro area. This "six-pack" was tabled by the Commission exactly one year ago as part of its comprehensive response to the financial and economic crisis. It has been the subject of sometimes tough negotiations between the Council of Ministers and the European Parliament.
Olli Rehn could soon be sitting in Eurogroup chief Juncker's chair
Eurogroup chief Jean-Claude Juncker has been out of the spotlight recently. However behind the scenes discussions are going on to find Juncker’s replacement as the group’s head. It is now certain his reign will come to an end when his term expires in January.
And so begins the debate as to exactly who will replace him. German Finance Minister Wolfgang Schäuble has already been mentioned as a possible successor. Schäuble however, rejected the claims as simply rumours.
EU lowers euro area growth forecasts on worsening outlook from debt crisis
In its latest interim forecast, published on September 15, the Commission presents its assessment of economic prospects in the euro area and the whole of the EU for 2011. The document includes estimates for GDP growth and inflation in the EU and the euro area, as well as detailed projections for the seven largest EU Member States: Germany, Spain, France, Italy, the Netherlands, Poland, and the UK.








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