The aim of the 'Five Presidents Report' cited in the title acknowledges that an important driver of the European economic crisis has been the faulty original design of the Monetary Union, and that substantial steps are urgently needed towards the creation of truly supranational institutions. Yet...

Eine große Anzahl prominenter Ökonomen hat sich schon mit den wirtschaftlichen Krisen asiatischer Länder beschäftigt, wobei sich ihre Argumente stark auf den Finanzsektor konzentriert haben. Dieser Artikel beschäftigt sich eingehender mit den landesspezifischen Gründen der Krisen. Es...

Several European countries face challenges reminiscent of those faced by the emerging economies of Latin America. The economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and then the busts including Sudden Stops in capital...

In light of the failed negotiations with Greece, Jan Krahnen argues that an effective reform agenda for Greece can only be designed by the elected government. Fundamental reforms will take time to take full effect and euro area member states will, in the meantime, have to offer Greece a basic...

"On the 25th January 2015, the Greek people voted in an election of historic importance--not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal agenda challenged. Suddenly it seems as if there is an alternative. But what? The...