Ideas on Europe

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Category Archives: Economics & Trade

UK versus EU democracy

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On 20 July 2020, British MPs voted by a majority not to have any say or votes on future UK trade agreements. Can you think of any other professions where you could vote not to do your job but still be paid for it? Postmen and women voting not to deliver letters? Train drivers voting […]

The Coronavirus crisis as a test to the EU’s fiscal and banking policy reforms

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The reforms in the EU’s economic and financial governance structure in response to the Euro crisis have been put to the test by the Coronavirus pandemic. While the resurfacing of the sovereign debt crisis has highlighted the inadequacies of the Union’s fiscal policy reforms, the relative stability of the banking system so far hints at […]

Could an English Parliament and a written constitution help relieve the pain of Covid-19 and Brexit?

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An opinion by Jolyon Gumbrell Scotland, Wales and Northern Ireland have so far been successful in getting their message across, when it comes to fighting Covid-19. Each of the three devolved nations of the United Kingdom has its own spokesperson to update the public on measures that need to be followed to stop the spread […]

In Britain, general elections are how ‘the people’​ decide

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Some people say it was undemocratic for Britain to join the European Community in 1973 because ‘the people’ weren’t asked in a referendum. But that’s not how decisions are made in Britain. In the UK, referendums are usually nothing more than opinion polls. They are not legally binding and therefore not capable of making decisions. […]

Breturn versus Brexit

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Brexit is based on blatant mistruths and lies. You may not believe this now, but we will all believe it next year, when Brexit finally arrives, cold, clammy and callous, naked and exposed. Every reason given to leave was a stinking falsification. When, one day, there is a public inquiry into how our country was […]

Which version of Brexit did Britain vote for?

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The referendum question was unbalanced because it pitched a known outcome with an entirely unknown outcome. The referendum question asked if the United Kingdom should remain a member of the European Union or leave the European Union? ▪ REMAIN A MEMBER OF THE EUROPEAN UNION □ ▪ LEAVE THE EUROPEAN UNION □ We all knew what remaining […]

Taking central bank politicization seriously

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By Pier Domenico Tortola The European Central Bank “needs a rocket scientist, not a rock star”, quipped the website Politico shortly after the nomination of Christine Lagarde to succeed Mario Draghi at the helm of the ECB, starting November 2019. The risk, the commentary continued, is that the presidency of Lagarde, a central banking outsider […]

What can Italy’s economic ailments tell us about the euro area’s current slowdown?

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Even before the Covid-19 pandemic, the euro area slowdown was the result of EMU-induced domestic deflation. EU3D researcher Simona Piattoni offers a different reading of Italy’s disappointing economic performance.  Since 2011, Italy has been considered the single largest threat to the stability of the euro. Italy’s high and growing debt (€2300 bn, some 135% of […]

Do we want to be a part of Europe or apart?

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Because of Brexit, Britain is rapidly propelling away from Europe, involving the loss of free trade, and free movement of people, with our neighbouring countries. Is that really what Britain wants? The UK government seems determined to close all possibilities of a successful new relationship with our closest countries on our continent. Instead, we’re moving away from […]

Can the European Parliament make the European Central Bank accountable?

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Since the euro crisis, the European Central Bank (ECB) has expanded its powers from monetary policy to banking supervision in the Eurozone. In the framework of the Single Supervisory Mechanism (SSM), established in 2013, the ECB became responsible for the direct supervision of the largest banks of Eurozone countries.

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