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West African francophone countries shave a complex interrelated history. Having gone through slavery, colonization and reaching independence within the same decade, today they are politically, and economically interwined through two main regional institutions, namely ECOWAS (Economic Community of West African States), and WAEMU (West African Economic and Monetary Union). However, despite the end of colonialism, France still maintains a strong presence in these countries and some of them have been witnessed an unprecedented level of insecurity in recent years. Raïssa Zoungrana a fellow at the African Leadership Centre with an interest in security issues in West Africa or the Sahel, discusses how different actors in Francophone countries are pretending to resolve the situation.
The court of the West African Economic and Monetary Union has ordered the suspension of its sanctions against Mali, pending a detailed court ruling. The organisation earlier instructed the suspension of all financial institutions under its wing in Mali, after its ruling military junta decided to delay elections meant to restore civilian rule after coups in 2020 and 2021. The interim government says the sanctions had severe consequences for the population, with Bamako blaming them for debt defaults worth $180m since January. The court's ruling does not apply to sanctions imposed by the Economic Community of West African States.
Mali has failed to meet debt payments of some $40 million in treasury bonds, blaming sanctions imposed on the country's military junta by West African bloc ECOWAS. The Malian Economy and Finance Ministry says that recently imposed sanctions have prevented them from paying debt on treasury bonds totalling almost $5 million. The agency that manages public securities in the West African CFA franc zone, issued three separate statements to investors this week stating that Mali has missed several payments totalling $40 million. Both the Economic Community of West African States and the West African Economic and Monetary Union imposed sanctions on Mali last month after the country's military junta, which seized power last year, postponed elections.
Santina Bertulessi is deputy Head of Cabinet for Nicolas Schmit, Commissioner for Jobs and Social Rights. She is the cabinet's senior political adviser and is in charge, among other things, of the coordination of the European Pillar of Social Rights, the European economic policy coordination and the European Semester, the Social dimension of the Economic and Monetary Union, the Child Guarantee, the Social economy and the relations with the European Parliament. In her paper for the Social Justice Ireland Annual Social Policy Conference, Santina speaks about the European Pillar of Social Rights Action Plan and the subsequent action plan. Europe has decided to put social justice, social investments and social resilience at the heart of the recovery. Social rights must drive Europe's transition towards a green and digital economy and society.
Find out more on our website: https://bit.ly/3sFTnrH The future of the financial services industry – centred in the City of London – matters enormously to the health of the United Kingdom's economy. The Trade and Co-operation Agreement (TCA) has few provisions on financial services and the UK now appears set to drive a wedge between EU and British rules so it can “benefit” from its new-found Brexit freedom. In reality, this “wedge” is unlikely to benefit the economic prospects of the City or the United Kingdom. There can be no doubt that the EU will use the “autonomy of its decision-making process” – as stressed in the TCA. If the UK wishes to row alongside the EU super-tanker and “take” its rules, then the UK will remain “equivalent”. But current UK policy intentions suggest there will be an ever-widening gulf by the end of this Commission's term in 2024 – as the logical outcome of UK policy. The internationally mobile financial services industry will undoubtedly take account of this probability in planning the location of future business opportunities. How might this play out by say 2024? Could the divergence cause the end of the City's dominance of European finance? It might well do. Speaker: Graham Bishop is renowned for his vision and the courage to propose radical ideas, yet ground them in a mastery of the technical details of the financial system... to the extent that he has even been referred to as a one-man think tank. He was elected as Chairman of the National Council of the UK branch of the European Movement in 2020, after many years on the National Council, Executive and Vice-Chairman. Due to his influence at the meeting point of politics, economics and finance, President Barroso appointed him in 2013 to be a member of the European Commission's Expert Group looking into initiatives for the joint issuance of debt in the form of a redemption fund and eurobills (Commission press release; Graham's press release). For the past five years, Graham has been developing a proposal for a ‘Temporary Eurobill Fund'. He has already presented the idea to both the European Commission and European Parliament, as well as around the EU. As a result, the concept has evolved substantially. Such a development would change the euro area government debt market dramatically and mark another step towards "Completing the Economic and Monetary Union." Graham Bishop's Plan for a Temporary Eurobill: 30 FAQs A dedicated Europhile, Graham offers his experience and insights on a pro bono basis in key fields to EU policy-makers. His influence with them has built up since the early 1990s, when he pointed out to the Maastricht Treaty negotiators that government debt would have a fundamentally different quality in a common currency. He went on to play a key role in designing the changeover to the euro of national currencies, and of Europe's capital markets.
While critics say that the European Union has stumbled from crisis to crisis for most of its existence, its defenders counter that crises have made it both stronger and more necessary over time. As the bloc’s complex history and current challenges show, both claims are true. Niels Thygesen is an economist and an emeritus professor at the University of Copenhagen. He has spent more than a half-century observing and participating in the European integration process. As a member of the Delors Committee, he helped established the roadmap to Economic and Monetary Union, or EMU. This culminated in the introduction of the euro in 1999.
184. Why Warren Buffett Has Doubt on European Union Monetary Union with Multiple Fiscal Policies
“Economics is the long-run driver” in the history of Europe's monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors.
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/european-studies
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/national-security
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history
“Economics is the long-run driver” in the history of Europe’s monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science
“Economics is the long-run driver” in the history of Europe's monetary union, writes Richard Pomfret in the first of a new Cambridge Elements series on the Economics of European Integration: The Road to Monetary Union (Cambridge University Press, 2021). “Politics often determined the timing of the next step ... but it has not determined the direction of change”. In this "Element" – intended to be “longer than standard journal articles yet shorter than normal-length book manuscripts”, according to series editor Nauro Campos – Pomfret runs through the 50-year history of the project but with that core theme. While decisive political moments like German reunification are acknowledged, it is the economic drivers – the development of common policies, the single market and global value chains – that assume a central role in the process. Richard Pomfret is professor of economics at the University of Adelaide and was, until 2020, the Jean Monnet Chair in the Economics of European Integration. Before moving to Australia in 1992, he was a professor at Johns Hopkins University in Washington, Bologna and Nanjing. *The author's own book recommendations are Kleptopia: How Dirty Money is Conquering the World by Tom Burgis (William Collins, 2020), and Visitation by Jenny Erpenbeck (Granta Books, 2018 - translated by Susan Bernofsky). Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices
Melanie Boylan had the pleasure to speak with Henri Malosse in today's podcast. With his extensive background in European politics and diplomacy and his enduring passion of his home Corsica he has been supporting the European dream since childhood. Listen in today to learn more: Henri Malosse is a Senior Consultant in European projects, Visiting professor of the Universities, Honorary Chairman of the Think tank “The Vocal Europe” and a Member of the Board of the Jean Monnet Association 1: European Economic and Social Committee : Member from 01-11-1995 to 30-09-2020 of the European Economic and Social Committee of the European Union ( 6 mandates ) 30th President of the European Economic and Social Committee (EESC) (April 2013 - October 2015) President of the European Economic and Social Committee's Employers' Group (2006-2013), SOC Section (Employment, Social Affairs and Citizenship) (2004-2006), ECO Section (Economic and Monetary Union and Economic and Social Cohesion) (2002-2004), member of the EESC Bureau and Co-President of the EU-Bulgaria, EU-Slovakia Joint Committee Rapporteur on more than 50 opinions 2- Consultant with European projects: Conception (1987) and launch of the European Network of Euro ( EEN) Information Centres as Consultant for the European Commission (1989-2006 ) Conception and launch of the JEV financial instrument for the SME partnership in Europe Design of "know how transfer" programmes for Eastern Europe in the fields of support for the private sector (SMEs) and civil society (Poland) (1992-1995) Conception and Actor of the Europartenariats events ( B to B meetings) ( 1993-2000) Senior Consultant for the EU-LEAD project in Ukraine, in partenariat with GIZ and the EU delegation in Kiev (2019)
This final "Brexit Musing" episode features John Bruton, the former Irish Prime Minister (Taoiseach) and former EU Ambassador to the United States who will share his wisdom on what Brexit means and his thoughts moving forward with regard to not only the UK and EU, but also the U.S.John Bruton served as Taoiseach from 1994 to 1997.He was born in 1947 and graduated from University College Dublin in 1968 with a Bachelor of Arts degree in economics and politics. He was called to the Bar of Ireland in 1972. He holds Honorary Degrees from Memorial University of Newfoundland, the University of Missouri, and the National University of Ireland.He was first elected to Dáil Éireann in 1969 at the age of 22 as a member of the Fine Gael Party, joining its front bench in 1972, becoming Party Leader in 1990, and leading it into government in 1994. He served as Minister for Finance (1981-1982 and 1986-1987), Minister for Industry & Energy (1982-1983), Minister for Industry, Trade, Commerce & Tourism (1983-1986) and was a Junior Minister from 1973-1977.As Taoiseach he was deeply involved in the Northern Irish Peace Process leading to the 1998 Good Friday Agreement. While Taoiseach, he presided over the successful Irish EU Presidency in 1996 and and chaired the European Council meeting that year which finalised the Stability and Growth Pact underpinning Economic and Monetary Union and the management of the Euro.He was appointed EU Ambassador to the United States in October 2004, and served for five years.He was a member of the Praesidium of the Convention that drafted the proposed European Constitution, signed in Rome on October 29, 2004, which is the base for the Lisbon Treaty now in force.Currently he is a member of the boards of Ingersoll Rand plc, the Irish Diaspora Loan Origination Fund, and Smart Invest ltd, and a number on non profit boards.He also has a unique insight into the processes surrounding the United Kingdom's exit from the European Union, and of the economic policy of the Euro.
First published in 1992 before the creation of the euro, Paul De Grauwe’s Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project. Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area. But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments’ pandemic-related deficits. Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE’s European Institute. Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices
First published in 1992 before the creation of the euro, Paul De Grauwe’s Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project. Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area. But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments’ pandemic-related deficits. Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE’s European Institute. Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices
First published in 1992 before the creation of the euro, Paul De Grauwe’s Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project. Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area. But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments’ pandemic-related deficits. Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE’s European Institute. Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors.
First published in 1992 before the creation of the euro, Paul De Grauwe's Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project. Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area. But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments' pandemic-related deficits. Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE's European Institute. Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors.
First published in 1992 before the creation of the euro, Paul De Grauwe's Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project. Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area. But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments' pandemic-related deficits. Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE's European Institute. Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices
First published in 1992 before the creation of the euro, Paul De Grauwe’s Economics of Monetary Union (Oxford University Press, 2020) has become a standard text for undergraduates seeking to understand this remarkable but “fragile” project. Updated every two years and now in its 13th edition, the book can hardly keep up with economic and policy developments in the 19-nation Euro Area. But De Grauwe, who is still teaching at the London School of Economics after retiring from the Katholieke Universiteit Leuven, can always be relied upon to plug the gaps with policy ideas. In the latest of these, he made the case for the European Central Bank to monetize governments’ pandemic-related deficits. Paul De Grauwe is the John Paulson Chair in European Political Economy at the LSE’s European Institute. Tim G. Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices
President Muhammadu Buhari on Tuesday raised concerns over the planned single currency for the Economic Community of West African States. He said the plan for the single currency, Eco, could be in serious jeopardy, unless member states complied with agreed processes of reaching the collective goal. The Eco is the proposed name for the common currency that the West African Monetary Zone plans to introduce in the framework of ECOWAS. According to a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President delivered Nigeria’s position at a virtual extraordinary meeting of the Authority of Heads of State and Government of the West African Monetary Zone. Buhari expressed concern over the decision of francophone countries that form the West African Economic and Monetary Union to replace the CFA Franc with Eco ahead of the rest of member states. Learn more about your ad choices. Visit megaphone.fm/adchoices
The approval of the European Pillar of Social Rights was a milestone that reopened the debate about the social dimension of the European Union. This has been a critical development at a time when the EU needs to present itself as a protective force as opposed to a disruptive one, especially when tackling the asymmetries generated by the Economic and Monetary Union. The conversation covers different angles of the Pillar that are on the agenda of the new EU Commission (unemployment insurance, minimum wage coordination, support to local communities, child guarantee etc.), and the need to strengthen the social dimension of EU citizenship.
How complete is Europe's monetary union? Is the euro area ready for a next recession or an economic crisis? What should be the reform priorities? In this podcast, Nicholas Barrett discusses the priorities for Europe's monetary union, with Zsolt Darvas.
While the euro area has emerged from its deep economic crisis and interest rates are at historically low levels, multiple challenges remain. How complete is Europe’s monetary union? Do the available tools to prevent and correct fiscal, financial and macroeconomic imbalances reflect a reasonable compromise between first-best solutions and political reality? Is the euro area ready for a next recession or an economic crisis? What should be the reform priorities?
Bruegel was happy to host a discussion about the following issues: the completion of a Monetary Union in an evolving international community, a European monetary policy and financial system, and lessons learned through the past year in the European economy. This event featured the presentation of the Euro Yearbook 2018, where the authors set out to describe, analyse, and discuss the process leading to a European Monetary Policy. The results were presented by the project's director Fernando Fernández. Afterwards, a discussion proceeded regarding the takeaways from the 2018 Yearbook in light of the current European debate.
Discussion with Mark Blyth, Political Economist at Brown's Watson Institute. Associated Watson Institute lecture: [https://youtu.be/MS1eF1F4YDQ] Marco Buti has been Director-General for Economic and Financial Affairs at the European Commission since December 2008, after a 6-month period as acting Director-General. After studies at the Universities of Florence and Oxford, Mr Buti joined the European Commission in 1987. He held various posts as an economist in DG ECFIN and the Commissioner's cabinet (private office) before taking up a post as an economic adviser to the Commission President in 2002-03. In 2003 he returned to DG ECFIN as Director for the Directorate for economies of the Member States, and in September 2006 was appointed Deputy Director-General. Mr Buti has been a visiting professor at the Université Libre de Bruxelles, the University of Florence and the European University Institute, and has published extensively on Economic and Monetary Union, macroeconomic policies, welfare state reforms, and European unemployment. You can read a transcript of this episode here: [https://drive.google.com/file/d/1r7R8MjUTmEId5Q5OV2Y2hgwZy_Zu1Yja/view?usp=sharing]
Today Africa, we draw your attention to the beautiful country of Cote d’Ivoire and what is happening in that countries art scene. But first a bit of context. For those of you who don’t know - Cote d’Ivoire attained independence from the French on the 7th of August 1960. Her first president was Felix Houphouet-Boigny, who ruled the country until 1993. After Felix Houphouet-Boigny ended, Cote d’Ivoire has experienced a coup d’etat, in 1999, and two religious - grounded civil wars. The first two took place between 2002 and 2007 and the second during 2010 – 2011. Cote d’Ivoire has an income per capita (US$1014.4). She has the largest economy on the West African Economic and Monetary Union constituting 40% of the monetary union’s total GDP. She is the largest exporter of cocoa beans averaging US$2, 53 billion in earnings per year. Cote d’Ivoire also has 100,000 rubber farmers who earned an average of US$105 million per year. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/africanperspective/support
Eden的词汇世界是一档分享各类花式记忆词汇方法的电台节目。也许你是准备考试的学生党(高考,四六级,考研,托雅等)或是每日忙碌的上班族,也许你是辛勤劳动的家庭主妇或是家庭煮夫,或是对英语狂热的爱好者,都可以与我们一同英语成长。每日更新,期期有料。逗B与智慧相结合的奇葩老师每日带你刷单词,你还在等什么?赶快订阅!打赏!转发!留言!点赞 起来!!也可以加我的个人微信:yls5551985 和微信公众平台:edenenglish.每日与我互动打卡记单词!! 本期精彩:英语中六月份是怎么来的?欢迎收听本期节目。 本期分享: June:[dʒu:n] n. 六月 junoesque:[,dʒʊno'ɛsk] adj. 高贵优美的,端庄的 money:['mʌnɪ] n. 钱,货币,财富。 mint: [mɪnt] n. 薄荷,造币厂 vt. 铸造,铸币。 The mint is coining pennies. 造币厂正在铸造每枚价值一便士的硬币 monetary: ['mʌnɪt(ə)rɪ] adj. 货币的,财政的。 Monetary Union 货币联盟 ; 货币同盟 He has changed his stance on monetary union. stance [stæns] 立场 背景音乐:I remember me 歌手:Jennifer Hudson
Eden的词汇世界是一档分享各类花式记忆词汇方法的电台节目。也许你是准备考试的学生党(高考,四六级,考研,托雅等)或是每日忙碌的上班族,也许你是辛勤劳动的家庭主妇或是家庭煮夫,或是对英语狂热的爱好者,都可以与我们一同英语成长。每日更新,期期有料。逗B与智慧相结合的奇葩老师每日带你刷单词,你还在等什么?赶快订阅!打赏!转发!留言!点赞 起来!!也可以加我的个人微信:yls5551985 和微信公众平台:edenenglish.每日与我互动打卡记单词!! 本期精彩:英语中六月份是怎么来的?欢迎收听本期节目。 本期分享: June:[dʒu:n] n. 六月 junoesque:[,dʒʊno'ɛsk] adj. 高贵优美的,端庄的 money:['mʌnɪ] n. 钱,货币,财富。 mint: [mɪnt] n. 薄荷,造币厂 vt. 铸造,铸币。 The mint is coining pennies. 造币厂正在铸造每枚价值一便士的硬币 monetary: ['mʌnɪt(ə)rɪ] adj. 货币的,财政的。 Monetary Union 货币联盟 ; 货币同盟 He has changed his stance on monetary union. stance [stæns] 立场 背景音乐:I remember me 歌手:Jennifer Hudson
Federico Fabbrini (Faculty of Law, University of Copenhagen) delivered a talk on his book manuscript 'Economic Governance in Europe: Comparative Paradoxes and Constitutional Challenges.' The Euro-crisis and the legal and institutional responses to it have had important constitutional implications on the architecture of the European Union (EU). The purpose of the talk – which is based on the ongoing book project – is to offer a broad picture of how relations of power in the EU have changed, considering three different dimension: 1) the vertical relations of power between the member states and the EU institutions: 2) the relations of power between the political branches and the courts; and 3) the horizontal relations of power between the EU member states themselves. Federico Fabbrini will argue that, in the aftermath of the Euro-crisis, power has been shifting along each of these axes in paradoxical ways. In particular, as a brief comparison with the United States helps to reveal, the EU is nowadays characterized by a high degree of centralization in budgetary affairs, an unprecedented level of judicialization of economic questions and a growing imbalance between the member states in the governance of fiscal matters. As the talk will suggest, however, each of these dynamics is a cause for concern – as it calls into question important constitutional values for the EU, such as the autonomy of the member states in taking decision about taxing and spending, the preeminence of the political process in settling economic matters, and the balance between state power and state equality. To address these issues, therefore, the talk will suggest possible options for future legal and institutional developments in the EU, and discuss the challenges that accompany any further step towards a deeper Economic and Monetary Union.
The Quest for Regional Integration in the East African Community lays out all aspects of the ongoing financial integration process for Uganda, Kenya, Tanzania, Rwanda and Burundi.
In the next couple of weeks, Greece will elect a new government and according to the polls, the emerging Syriza party could form that government. They are calling for an end to austerity measures and their Marxist Communist roots are causing quite a bit of concern in the wider Europe. Greece, austerity and the European Monetary Union are a heady mix! But regardless of who wins this election, Greece faces substantial problems. Among them, a huge, and growing, public debt. Craig Barfoot spoke to Greek economist Dr Yiannis Kitromilides, an Associate Member of the Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge, about the current situation and the position of Greece within the European Monetary Union (EMU). He started by asking Dr Kitromilides to comment on the repeated narrative that high public spending and widespread tax evasion, combined with the credit crunch, were the causes of Greece’s problems. Yiannis Kitromilides: This narrative is correct. There was widespread tax evasion, and avoidance. There is tax avoidance in most countries, but there was tax evasion on a large scale in Greece; there was corruption; an overblown public sector (politicians were creating jobs in the public sector and employing their supporters, even in key positions). Craig Barfoot: so where are we now? YK: The current economic situation in Greece is best compared to the economic situation in the US in the 1930s. Since 2009 the economy has lost 25% of its output, they are 25% poorer, unemployment is 25%, youth unemployment is about 60% and the prospects of growth are – as in the wider Eurozone – quite bleak. And yet the debt, the original form of the problem, is increasing. So, after five years of sacrificing all this output the prospects are bleak. CB: When we talk about austerity measures specifically for Greece, what was implemented? YK: Austerity measures are those measure imposed in order to produce a balance in the annual budget. The reason you owe money is that you are spending more than you’re earning, so if you are an individual who wants to avoid insolvency the only way to get out of it is to cut down on your spending and increase your income. If you apply this to governments, it means cutting government spending and increasing taxes, as in Greece. CB: That sounds reasonable…. YK: But this is a process that many economists believe to be counterproductive. If you are trying to pay your debts as a country, you must not look at the solution for an individual family. It is what the economists call the ‘fallacy of composition’ - what is true for the part is not always true for the whole. This is something that has a long history in economic thought going back to the 1930s, when Keynes argued along similar lines about what needed to be done to deal with the 1930s depression in the UK and USA. That if you are in a bad situation economicallhy, the solution is not to act in the same way as a family in economic difficulties (ie to impose austerity), but rather to do the opposite. It sounds paradoxical and counter intuitive, but some people say this is what needed to be done, not only in Greece but also in other indebted economies. By trying to solve the problem of indebtedness by austerity, you are making the problem worse. CB: Who does Greece owe its debt to? YK: Not to the European banks, though they were the original lenders, but rather to international institutions like the International Monetary Fund (IMF) and the European Central Bank (ECB) - which means Greece owes money to the other members of the Monetary Union. Syriza is asking them to cut the debt by 50% - to forgive 50%. The other 50% they say they will repay as soon as Greece achieves sustainable growth of 3-4%. They says this was exactly what was done for the German debt in 1953 - it is what the allies agreed – to give Germany more time to repay,
“The Future of the Euro: Lessons from History” Conference, April 16, 2013, featured prominent international scholars. Cosponsors: Austrian Marshall Plan Foundation, Austrian National Bank, UCB’s Institute of European Studies & EU Center of Excellence
A look at the way the Roman Empire has sometimes been used as an historical precedent for the European Union, and specifically the way that the integration of the Roman monetary system has been seen as a (sometimes justifying) precedent for modern European monetary union.
With the euro in turmoil, Mary Beard reflects on the very first monetary union, two and a half thousand years ago. And she contemplates the detail of the modern euro coins. "Take a closer look at those heads-and-tails" she writes, "and you'll find some rather disconcerting angles on European history and politics". She decides that it is the Greek Euro-coinage that offers the most food for thought. The bull on the back of the 2 euro coin is, in fact, part of a depiction of a rape. Zeus, the king of the gods turned himself into a bull and snatched Princess Europa. Mary says she understands why the Greeks wanted this scene on their coins. It suggests that "without Greece there would have been no Europe - that Greece had invented the continent". But she's never quite worked out "how the Greek people so easily came to terms with the idea of having a picture of rape jingling around amongst the small change in their pockets". Then she turns her sights to the 1 euro coin, with its beady-eyed owl, an exact copy of a fifth-century BC Athenian coin. The little bird was the symbol of Athena, the protector of the city of Athens. In the fifth century BC, she points out, Athens was a democracy yet also "an exploitative empire, controlling many other states around the Mediterranean". The Athenians made their neighbours get rid of their own currency and use the owls instead. "Its hard to resist the conclusion", she says, "that the Athenian imperialists were using monetary union to display their political muscle - and hard not to imagine that vengeance for that has finally come, 25 centuries later". Producer: Adele Armstrong.