Ideas on Europe

Informed analysis, comment and debate

Tag Archives: European Central Bank

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

Published on by

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 […]

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

Published on by

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 […]

The ideological blinkers of the Karlsruhe court

Published on by

The German Constitutional Court is stuck on an ideological position that prevents it from understanding the substantial difference between the German situation and European integration, argues Sergio Fabbrini and takes a closer look at some of the court’s rulings over the last decades. The judgment on 5 May by the German Constitutional Court (Bundesverfassungsgericht or […]

A Deep Rift Within the Eurozone’s Most Important Institution

Published on by

This article has been published in the Hertie School’s student magazine, The Governance Post.  The European Central Bank’s (ECB) policy meeting in September was strained by dissent over the decision to launch another monetary easing package. Governing council members disagreed on the economic outlook, interest rates, and, most notably, new bond purchases. The spate of […]

The Cyprus Bailout: Factsheet

Published on by

It came as a surprise to many to see the sudden economic downturn in Cyprus. The economy of the country before 2008 had a picture of sustainable growth, low unemployment figures, and robust public finances. A mild recession followed in 2009 but what really depressed the economy to the present state were the country’s unstable banks and […]

Spanish government wants border controls for ECB meeting in Barcelona

Published on by

According to Council document published yesterday, the Spanish government wants to introduce border controls at its borders to France and at the airports of Barcelona and Girona from 28 April to  4 May. The reason: “From 2 to 4 May 2012 a meeting of the Governing Council of the European Central Bank (ECB) will be held […]

Is German Dominance of the ECB Responsible for sub-optimal Monetary Policy in the Eurozone?

Published on by

By Sarah Fuchs German dominance over the European Central Bank (ECB) is nowhere more apparent than in the price stability goal of inflation at or below 2% enshrined in the Maastricht Treaty. A notable success in postwar Germany was the excellent record of the Bundesbank on maintaining price stability, which represented an important break with […]