Like passengers on an up escalator, Britons and other Europeans for decades enjoyed seemingly effortless rises in living standards year after year. Expanding economies and swelling social spending lifted nearly everyone up. Each generation could look forward to much better lives than those of previous ones. Yet in recent years, this growth escalator has broken […]
“The primary cause of the crisis was the reckless lending of German and French banks (both directly and through local banks) to Spanish and Irish homeowners, Portuguese consumers and the Greek government. But by insisting that Greek, Irish, Portuguese and Spanish taxpayers pay in full for those banks’ mistakes, Chancellor Angela Merkel’s government and its […]
At the height of the euro zone debt crisis, with Portugal’s economy nearing collapse, the European Commission told the government in Lisbon that it had to slash wages if it was ever going to boost competitiveness and grow again. Portuguese shoemakers – one of the economy’s main export sectors – steadfastly ignored the advice and […]
Interviewed on CNBC’s Squawk Box on 16 April 2014 Tweet
Watch the video clip here Tweet
Last week I gave the keynote speech at “In the EU we (mis) trust”, an event organised by the European Cultural Foundation in Amsterdam. It is part of series of events to debate the New Pact for Europe, a joint project of various think-tanks to put forward proposals to the new European Commission president to […]
It is the duty of anyone who truly believes in Europe to not unquestioningly agree with whatever is decided in Brussels, but to say ‘no, this is not the kind of Europe that we want, we want a different kind of Europe, we want a better Europe and here is how we set out to […]
GDP, Q1 2008 = 100. The three lines at the top are Sweden, the US and Switzerland, all outperforming Germany. Southern Europe remains a disaster zone. As Tacitus said, “Where they make a desert, they call it peace.” Tweet
Former ECB chief economist Otmar Issing has a piece in today’s FT that is riddled with mistakes and misconceptions. The headline gives you the gist of it: “Get your finances in order and stop blaming Germany: The countries now in trouble have caused their own problems”. Here are a few of the flaws in his argument. […]
Britain and the rest of Europe are in a mess. Our economies are failing to deliver higher living standards for most people and many have lost faith in politicians’ ability to deliver a brighter future, with support for parties like UKIP soaring. Are stagnation, decline and disillusionment inevitable? Do people have to turn to the […]
Svenska Dagbladet, 27 October 2013.
Svenska Dagbladet, 1 September 2013.
Project Syndicate, 15 February 2012. Austerity alone cannot solve Europe’s economic and financial crisis. Growth and jobs need to be promoted with equal zeal.
Project Syndicate, 13 December 2011. Panic is beginning to overwhelm the eurozone. Only the European Central Bank can save Europe from the abyss now
Austerity alone cannot solve Europe’s economic and financial crisis. Growth and jobs need to be promoted with equal zeal. My new article for Project Syndicate explains how. Tweet
I debated the fiasco at the summit of EU leaders on 8-9 December on BBC Radio 4′s The World Tonight with Angela Knight, former Conservative minister and now lobbyist for the British Banking Association. Listen here Tweet
No. I won the debate against David Goodhart on The Economist’s website, by 51%-49%. Thank you to everyone who voted No. Tweet
I was interviewed on BBC World’s World News Today on 1 December 2010 about whether the EU’s border policy is working, whether Europe really can control its borders, and whether there might be a better approach to immigration instead. Tweet
I spent a fantastic weekend in Kilkenny, at Kilkenomics, Ireland’s first economics (and comedy) festival. Despite (and because of) the crisis, it was a sell-out. Congrats to Richard Cook and David McWilliams for putting on a superb event, hopefully the first of many. The Irish government now appears to be in talks with the EU […]