A 'Rehn of Terror' in Europe? Not really, say leading economists

Nikos Chrysoloras, Kathimerini (Greek newspaper), 03.03.2013

Quotes

Link to original article


Despite the result of the elections in Italy, the rise of anti-European political forces across the continent, surging unemployment (11.9 percent in January according to Eurostat), and the continuing recession, the eurozone's fiscal policy is unlikely to change in the following months, according to reliable Brussels sources. “Deficits and rising debt are a hurdle to growth, they do not facilitate growth,” an EU Council official told reporters in Brussels, ahead of this Monday’s Eurogroup meeting. […]

Janis Emmanouilidis, senior analyst at the European Policy Centre (EPC) in Brussels, tells Kathimerini that both sides of the argument have their merits: “Yes, the voices of criticism are increasing. But even if it sounds strange, I think that both sides are right or, rather, have strong arguments. One cannot go either ways – 'austerity' or growth-enhancing measures, which at the end of the day cost money. The 'right' recipe – as is so often the case – lies somewhere in between, and one needs to find the right balance at a given time – which, by the way, also means that one needs to learn from one's mistakes. Under the present circumstances, there is a need to provide for more time and a need to somehow [socially] cushion the measures taken. The Italian vote has inter alia shown the need to do so. But one cannot abandon the policy of cutting down public deficits/debts, because that would [also] undermine regained confidence.” […]

Link to original text here


Latest media contributions

European Populists Who Looked to Trump Now Look Away
Quotes, The New York Times, 13.01.2021

EPC Update – State of the Union & challenges for 2021
Online Briefing, YouTube, 08.01.2021

Alemania al mando del Consejo Europeo: logros y fracasos
Quotes, Deutsche Welle (Spanish), 15.12.2020

Taking Stock of the German EU Council Presidency and Identifying Challenges for 2021
Online DGAP-EPC Event, YouTube, 15.12.2020

Jokes About Hungarian ‘Dictator’ Masked Breach at Heart of EU
Quotes, Bloomberg, 10.12.2020

Europas Erfolge, Europas Enttäuschungen: Das erste Jahr der neuen EU-Spitze
Podcast, hr info, 01.12.2020

"Gesamtnote 2- oder 3+"
Quotes, tagesschau, 01.12.2020

Die Zeit kühner Prognosen ist vorüber
Quotes, Die Presse (Austria), 27.11.2020

EPC Annual Conference 2020 – European integration in light of COVID-19: United in adversity or my country first?
Online Conference, YouTube, 13.11.2020

US election: EU pins hopes on Joe Biden victory
Quotes, Deutsche Welle (English), 01.11.2020


Media