14 August 2023
How Cohesion Became the EU’s Vehicle for Economic Policy
In Brussels, something remarkable has happened in the last four years. Cohesion policy—which had heretofore been a policy backwater, aimed at addressing regional disparities—has emerged as the EU’s primary vehicle for reshaping economic and related fiscal policies in the Member States. As a result, any economic or fiscal policy measure that can be plausibly described as a structural reform (primarily an area of Member State competence, subject to Union coordination) can now be reframed as a measure of EU cohesion policy (a shared competence) that can be supported by EU funds to incentivize compliance. How did this happen? Continue reading >>
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15 May 2020
At the End of the Law
The recent judgment of the Federal Constitutional Court needs to be regarded from the perspective of political economy as it highlights that the status quo of the Eurozone is untenable. The merits of the Weiss judgment could be to open up a debate about the requirements of a genuine European Economic and Monetary Union in Germany and elsewhere in Europe. Continue reading >>15 February 2019
The Political Economy of Capital Controls and Liberalization
In the face of rising global tensions the free flow of direct investment capital across borders is in dispute. The self-evidence of free capital movements since the start of the euro can no longer be taken for granted. Concerns have emerged about the intentions of foreign investors acquiring domestic key industries. Continue reading >>
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