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‘Crisis, What Crisis?’ On the Virtues of Muddling Through in European Politics

‘Crisis, What Crisis?’ On the Virtues of Muddling Through in European Politics | European Political Economy | Scoop.it

There can be little doubt that the EU faces a political crisis. But is this really an existential crisis for the European project, as many claim? Writing in a personal capacity, Henry Radice argues that muddling through a serious crisis, however unsatisfactory it might feel at the time, can be a sign of institutional resilience and strength, not weakness.

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Some interesting points developed.

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European Political Economy
Sources closely related to my own research on the eurozone crisis
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Paris's return to public water supplies makes waves beyond France

Paris's move to take back water supplies inspires others* Veolia, Suez margins fall as towns negotiate discounts* EU anti-privatisation trend pushes water firms abroad* Private water firms grow quickly

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Did the Troika get it right?

Did the Troika get it right? | European Political Economy | Scoop.it
Martin Myant of the European Trade Union Institute (ETUI) examines the forecasting record of the European Commission and finds it wanting The European
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Some good stuff in here about the development of exports in Greece and Portugal

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DG ECFIN And The Missing Greek Exports

DG ECFIN And The Missing Greek Exports | European Political Economy | Scoop.it
Economists at DG ECFIN are starting to notice something we have pointed out already some time ago: Despite an enormous cut in wage costs, Greek exports have firmly stayed put in recessionary territory and hopes for an export-led recovery have proven to be illusive. Troubled by this failure of Greek exports to lift off, DG ECFIN …
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Greek trade deficit rises further in April as exports fall by 20.8 pct

Greek trade deficit rises further in April as exports fall by 20.8 pct | European Political Economy | Scoop.it
Greece’s trade deficit rose for the third straight month at an accelerating pace of 17.2 percent in April after increasing by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
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The complete opposite trajectory to what the bailout packages were meant to induce.

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Crisis in Greece and at Home

Crisis in Greece and at Home | European Political Economy | Scoop.it
Nikos Pilos specializes in covering crisis. For the last 10 years, that has kept him busy chronicling his homeland’s economic and social problems.
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Greece edges towards sale of Public Power Corporation spin-off

Greece edges towards sale of Public Power Corporation spin-off | European Political Economy | Scoop.it
Greece is a step closer to completing one of the six prior actions for the disbursement of the EU June sub-tranche of 1 billion euros, which relates to the is the legislation for the sale of a 30 percent stake in the Public Power Corporation (PPC) capacity and its client base (small PPC).
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Portuguese government grapples with its constitutional court

Portuguese government grapples with its constitutional court | European Political Economy | Scoop.it

Hardly anyone would recognise them in the street and few know their names, but the 13 black-robed judges that sit on Portugal’s constitutional court are assured of an important chapter in the history of the country’s three-year rescue programme.

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Eurointelligence - Greek government wavering

Eurointelligence - Greek government wavering | European Political Economy | Scoop.it

The new Greek government seems to be wavering on decisions already taken, according to Kathimerini.

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Questions about the legality of the Troika

Questions about the legality of the Troika | European Political Economy | Scoop.it
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The MoU's are not legal against a number of human rights laws.

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Strasbourg comment: Role and operations of the troika | The Parliament Magazine

Strasbourg comment: Role and operations of the troika | The Parliament Magazine | European Political Economy | Scoop.it

The troika's austerity policies have caused huge increases in poverty, social exclusion and unemployment, argues Alejandro Cercas.

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Even the European Parliament’s employment committee recently adopted a report accusing the troika as well as the eurozone’s finance ministers of creating a ‘social tsunami’.

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EY 2013 Portuguese attractiveness survey - Reforms boost Portugal’s investment opportunities

EY 2013 Portuguese attractiveness survey - Reforms boost Portugal’s investment opportunities | European Political Economy | Scoop.it
Investors perceive Portugal as more attractive than Europe as a whole, with recent reform programs. Learn more in our 2013 Portuguese attractiveness survey.
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Portugal court ruling on austerity measures threatens tax rises

Portugal court ruling on austerity measures threatens tax rises | European Political Economy | Scoop.it
Hard-pressed Portuguese taxpayers face the prospect of more extraordinary tax increases this year after a court ruled that government cuts to public sector pay and other austerity measures breached the constitution. Pedro Passos Coelho, prime
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Resisting austerity in Greece: The Thessaloniki water referendum.

Resisting austerity in Greece: The Thessaloniki water referendum. | European Political Economy | Scoop.it

In this guest post, written on request, Jan Willem Goudriaan, Deputy General Secretary of the European Federation of Public Service Unions (EPSU), updates the experience with the European Citizens’ Initiative (ECI) on the Human Right to Water. Based on a discussion of the struggles over water privatisation in Thessaloniki/Greece, he assesses how the ECI has been linked with local struggles and demands for an alternative Europe (for the earlier post see European Citizens’ Initiative on Water and the alternative to Austerity Europe).

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Central banking and the governance of the price architecture

Monetary policy will not alleviate the injustices of prices in an era of massive inequality
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Bloody excellent.

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Greece shelves water privatisation plans, leaving gap in revenue targets

Greece shelves water privatisation plans, leaving gap in revenue targets | European Political Economy | Scoop.it
The government’s plans to sell stakes in Greece’s water companies have now been completely shelved after the Hellenic Republic Asset Development Fund (HRADF) decided to freeze the privatisation of the state-run firm in Thessaloniki in the wake of a court ruling blocking the sale of the one in Athens.
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Unpaid taxes keep rising, tax audits short of targets

Unpaid taxes keep rising, tax audits short of targets | European Political Economy | Scoop.it
Greece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information Systems.
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Interactive map: Europe’s social polarisation and the generational struggle

Interactive map: Europe’s social polarisation and the generational struggle | European Political Economy | Scoop.it

According to the latest Eurobarometer survey on the social impact of the crisis, 80% of respondents believe that poverty has increased in their country over the past 12 months. Over 30% of respondents in Greece, Latvia, Lithuania, Bulgaria, Romania and Hungary reported that their household ran out of money to pay for ordinary bills, food and other daily consumer items at some point during the previous 12 months. These alarming numbers are reflecting the perception of European citizens. But what do indicators measuring different dimensions of poverty and inequality actually show?

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FDI into developing economies forecast to stall

FDI into developing economies forecast to stall | European Political Economy | Scoop.it
Foreign direct investment into developing economies is poised to plateau as companies raise long-term bets on economies in Europe and the US recovering, UN economists predicted on Tuesday. Moreover, investments out of China are likely to overtake
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Chinese investments in Greece to be boosted by new agreements

Chinese investments in Greece to be boosted by new agreements | European Political Economy | Scoop.it
Greece is hoping to sign agreements for investments worth 6-7 billion dollars during the three-day visit of the Chinese Prime Minister Li Keqiang, which comes a year after the Greek Premier Antonis Samaras visited China.
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In fear of Flash Crashes: stock market wobbles past and present

In fear of Flash Crashes: stock market wobbles past and present | European Political Economy | Scoop.it
The new era of high-frequency trading threatens our future prosperity
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EU rules should focus on debt not deficit targets, says IMF official

EU rules should focus on debt not deficit targets, says IMF official | European Political Economy | Scoop.it
The EU’s rules on cutting national budget deficits prolong the effects of a recession, a senior IMF official has said.
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Austerity measures destroying EU social model: report

Austerity measures destroying EU social model: report | European Political Economy | Scoop.it
Austerity measures meant to pull Europe out of the crisis have put some 800,000 children into poverty, according to a new report.
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Thomas Fazi: It’s Time To Stand Up To Troika Austerity (Part I)

Thomas Fazi: It’s Time To Stand Up To Troika Austerity (Part I) | European Political Economy | Scoop.it
Thomas Fazi examines the mounting evidence against the Troika austerity policies by organisations as varied as Caritas and the IMF.
Jamie Jordan's insight:

A blog post with a lot of reports that talk about the objective circumstances of what is going on in Europe (useful for empirical detail), but which leaves a lot to be desired when seeking an explanation of both why this path was taken in the first place and why it continues to be dominant in the face of these shitty objective circumstances.

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Foreign direct investment picks up in Europe

Foreign direct investment picks up in Europe | European Political Economy | Scoop.it

Europe experienced a significant pick-up in foreign direct investment last year, as fears of a protracted recession in the region receded. Research by Ernst & Young, which tracks FDI projects in Europe, found these reached a record high in 2013

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Some fantastic detail on FDI dynamics in Europe.

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The perversion of ‘full employment’

Active labour market policy is facilitating an abundance of poor quality jobs
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