European Politica...
Follow
Find
2.1K views | +0 today
 
Scooped by Jamie Jordan
onto European Political Economy
Scoop.it!

The Good, the Bad and the Extremely Ugly (aspects of the Cyprus deal)

There are some good features of the Cyprus deal and, of course, some bad aspects. However, its repercussions for the Eurozone as a whole are exceptionally ugly and will, I submit, mark a turning point for Europe; a point at which Europe took a nasty turn toward a set of mutually disagreeable outcomes. By, Yannis Varoufakis

Jamie Jordan's insight:

More excellent points on the situation in Cyprus, this time by Yannis Varoufakis.

more...
No comment yet.
European Political Economy
Sources closely related to my own research on the eurozone crisis
Curated by Jamie Jordan
Your new post is loading...
Your new post is loading...
Scooped by Jamie Jordan
Scoop.it!

Greek candidate willing to call European leaders' bluff

Greek candidate willing to call European leaders' bluff | European Political Economy | Scoop.it
Alexis Tsipras told Greek voters as recently as last week that his government would cease to enforce the bail-out demands
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Portugal’s old order loses its grip in painful times of change

Portugal’s old order loses its grip in painful times of change | European Political Economy | Scoop.it

What is at stake in the Portuguese economy is a struggle to shift resources from non-export sectors such as energy, construction and telecommunications to export-led companies competing in global markets.

 

Serving the domestic market, sheltered from competition and often dependent on state contracts, such non-export companies have absorbed excessive investment and talent at the same time as they have diminished Portugal’s international competitiveness by driving up costs for exporters.

 

Inputs such as energy and telecoms account for about 16 per cent of costs for Portuguese exporters, almost as much as labour (19 per cent). They have risen faster than export prices for almost 15 years. The OECD warned in October that expanding exports would depend on further reforms to strengthen competition in the non-export sector

 
Jamie Jordan's insight:

Interesting discussion which highlights the push to restructure Portugal's political economy in a way which integrates it into GVCs.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Shift in UK poverty trends catches younger, working families

Shift in UK poverty trends catches younger, working families | European Political Economy | Scoop.it

The face of British poverty has been transformed over the past decade, with low income now being characterised more by younger, often working households in private rented accommodation, rather than elderly people in council houses.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

China foresees outbound investment of $1.25tn in a decade

China foresees outbound investment of $1.25tn in a decade | European Political Economy | Scoop.it
Chinese offshore investment will reach $1.25tn over the next decade, President Xi Jinping predicted on Sunday as he opened the Asia-Pacific Economic Co-operation CEO Summit in Beijing. Mr Xi also unveiled a $40bn contribution to a new China-initiated
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Portugal attacked after bailout reforms flag

Portugal attacked after bailout reforms flag | European Political Economy | Scoop.it

International lenders have attacked Portugal for allowing the pace of reform to slacken since the country exited a three-year bailout programme, warning that some of the progress made at the cost of tough austerity measures could be reversed.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

The Eurozone: Here we Go Again

Bob Hancké of the LSE warns that, with the Eurozone economy once again skirting recession, it's time to look again at proactive measures to boost demand.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Austerity returns as Commission prepares to reject French budget

Austerity returns as Commission prepares to reject French budget | European Political Economy | Scoop.it

The Wall Street Journal, FAZ and die Welt have the story that the European Commission is preparing to reject the French 2015 budget after talking to Commission officials. This would be the first time a budget is sent back since this procedure was installed in 2011.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Greece primps for big China state deals

Greece primps for big China state deals | European Political Economy | Scoop.it
When Xi Jinping, the president of China, made an unofficial one-night stopover in August on the island of Rhodes, on his way to Brazil for a summit of leading emerging markets, Greece’s president and premier flew from Athens to make sure his stay
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Chinese investors play key role in Portugal success

Chinese investors play key role in Portugal success | European Political Economy | Scoop.it



Portugal, like other crisis-hit eurozone countries under pressure to sell off state assets, has sold large minority stakes in utilities and infrastructure operators to Chinese companies. As much as a gateway to Europe, these Chinese investors are also buying into what they see as a strategic hub for expanding across Brazil, Angola, Mozambique and other former Portuguese possessions.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

European Commission sees some progress in Greece's market reforms

European Commission sees some progress in Greece's market reforms | European Political Economy | Scoop.it
In its report titled “Market Reforms at Work in Italy, Spain, Portugal and Greece”, the European Commission (EC) has outlined that reforms of the public administration, the judicial system and those to facilitate the ease of doing business in Greece have had a positive but partial impact.
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Resist and transform: the struggle for water in Greece

Resist and transform: the struggle for water in Greece | European Political Economy | Scoop.it

A combination of opposing privatisation and putting forward practical alternatives is helping water campaigners mount an effective challenge to austerity in Greece.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

OECD report paints grim picture for Greece's labour market

OECD report paints grim picture for Greece's labour market | European Political Economy | Scoop.it
In its 2014 Employment Outlook published today, OECD retains its estimates for Greek unemployment rate unchanged at 27.1 percent in 2014 and 26.7 percent in 2015.
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

The struggle against water privatisation: Victory for Greek union and social movements.

The struggle against water privatisation: Victory for Greek union and social movements. | European Political Economy | Scoop.it

Proposals to privatise the water company in Thessaloniki/Greece were overwhelmingly rejected in a referendum on 18 May 2014 with 98 per cent of votes against. In this guest post, his third contribution focusing on the privatisation of water, EPSU's Jan Willem Goudriaangives an update of the struggle of Greek workers against the austerity policies imposed upon them.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

The Struggle for Public Water in Italy

The Struggle for Public Water in Italy | European Political Economy | Scoop.it

On 9 October, I gave the paper ‘Sic Vos Non Vobis’ – ‘For You, But Not Yours’: The struggle for public water in Italy at theDepartment of Political Economy, University of Sydney . The paper is about the Italian Water Movements Forum (Forum), a broad alliance of trade unions, social movements, development NGOs and environmental groups, and its successful mobilisation for a referendum against the privatisation of water in June 2011 (see also Road to Victory). Trade unions and other social movements find it often difficult to co-operate due to their different histories and institutional structures, as argued in an article on the European Social Forum. In this blog post, I will analyse how the Italian Water Movements Forum was able to bring together such a wide range of different groups into a successful campaign.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Can new supply chain approaches prevent another Rana Plaza?

Can new supply chain approaches prevent another Rana Plaza? | European Political Economy | Scoop.it
Tougher factory and supply chain standards won't be enough to prevent disasters like the Bangladesh factory collapse. Can development tactics succeed where conventional approaches have failed?
Jamie Jordan's insight:

Some interesting insights into the complexity of value chains.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Hopes for eurozone bank lending misguided

Hopes for eurozone bank lending misguided | European Political Economy | Scoop.it

As the European recovery continues to struggle, a surprising number of policy makers and analysts keep expressing hope – or even expectations – that bank lending will soon pick up and fuel an investment-led recovery in the eurozone. Such hopes are misguided.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

German austerity is not only damaging the Eurozone, but is also starving the country of its own much needed investment

Bob Hancké of the LSE argues that it’s not just the rest of Europe that is suffering from Germany’s obsession with fiscal austerity. While such a strategy might be justified in terms of its wider e...
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Eurozone companies reshore despite flat economy

Eurozone companies reshore despite flat economy | European Political Economy | Scoop.it
Companies in the eurozone are reshoring an increasing number of operations, despite its stagnating economy. “Offshoring must have been a no-brainer 10 to 15 years ago but the advantage is now less clear,” said John Hawksworth, chief economist at PwC.
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Germany’s weak point is its reliance on exports

Germany’s weak point is its reliance on exports | European Political Economy | Scoop.it

One of the biggest misconceptions about the eurozone has been a belief in the innate strength of Germany – the idea that competitiveness reforms have transformed a laggard into a leader. This is nonsense. The German model relies on the presence of an unsustainable investment boom in other parts of the world. That boom is now over in China, in most of the emerging markets, in Russia certainly. What we saw last week is what happens once the world returns to economic balance: Germany reverts to lower economic growth.

 
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Time to get serious about forced labour in supply chains

Time to get serious about forced labour in supply chains | European Political Economy | Scoop.it

We now know that our shopping carts are full of forced labour. So why are governments and industry doing so little to stop it?

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

China swoops in on Italy’s power grids and luxury brands

China swoops in on Italy’s power grids and luxury brands | European Political Economy | Scoop.it
Italy’s business elite – senior executives from blue-chip companies such as Telecom Italia and Vodafone plus high-ranking government officials – filled a renaissance palazzo across from Milan’s gothic cathedral this summer to court one of the
Jamie Jordan's insight:

Some details about Greece and Portugal also in here.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Chinese investors surged into EU at height of debt crisis

Chinese investors surged into EU at height of debt crisis | European Political Economy | Scoop.it

As investors fled Europe in the worst days of its sovereign debt crisis, China-based companies moved in the other direction and surged in, with cash flowing from China into some of the hardest-hit countries of the eurozone periphery.

more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

A breakdown of Tsipras's pledges on economic strategy in Thessaloniki

A breakdown of Tsipras's pledges on economic strategy in Thessaloniki | European Political Economy | Scoop.it
In his speech at the International Trade Fair in Thessaloniki on Saturday, the leader of the main opposition party (SYRIZA) Alexis Tsipras reiterated his pledges on debt haircut and other measures to ease debt servicing.
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

WEF report highlights weakness of Greek institutions and challenges of recovery

WEF report highlights weakness of Greek institutions and challenges of recovery | European Political Economy | Scoop.it
Greece’s competitiveness improved by 10 spots in 2014, at an accelerating pace compared to the previous year, according to the Global Competitiveness Report 2014-15 published by the World Economic Forum (WEF) today. In 2013, Greece had gained 5 spots.
more...
No comment yet.
Scooped by Jamie Jordan
Scoop.it!

Switzerland named as world’s ‘most competitive’ economy - FT.com

Switzerland named as world’s ‘most competitive’ economy - FT.com | European Political Economy | Scoop.it

But rankings within the eurozone remain very uneven, with the WEF arguing that “while the divide between a highly competitive north and a lagging south and east persists, a new outlook on the European competitiveness divide between countries implementing reforms and those that are not can now also be observed.”

more...
No comment yet.