Press

Europe is back to having a trade surplus and a fiscal deficit that looks a lot better than America’s these days, points out Sander Tordoir of the Centre for European Reform, a think-tank. 

Iain Begg sets out the problem lucidly in this article for the Centre for European Reform think-tank. Somehow, the EU must repay the debt incurred under the recovery fund. But will national governments be willing to pay more into the EU budget to do that? Will they approve the European Commission’s proposals for the EU to raise new forms of revenue on its own?

A study by John Springford of the CER argues that boosting arrivals from non-European countries is necessary to safeguard the welfare system and overcome labour shortages.

That reality is central to the observation made by John Springford of the Centre for European Reform in his contribution to an excellent collection of essays on Labour and the economy produced by the Social Market Foundation think-tank (worth your time). Springford makes the obvious point that given the political constraints on alignment and not joining the EU single market and customs union, Labour is unlikely to offer “a dramatically different change of direction” if it wins power at the next general election.

„Es scheint, dass wir ein bisschen zu sehr schwarzmalen“, sagt Wirtschaftswissenschaftler Sander Tordoir. Aber er sieht auch die Gefahr, dass China und die USA ihre Vormachtstellung ausnutzen, um Europa zu spalten.