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  • October 2012 Archives - Dublin European Institute
    war and genocide In other words fascism was supposed to be part of Europe s past During most of the postwar era neo fascist movements remained a marginal albeit morally troubling footnote in European politics Virtually nobody imagined EU wins Nobel Peace Prize Cave hic dragones October 12 2012 October 12 2012 D Thomas Tweet The far edges of medieval maps were often inscribed with a warning for travelers Cave hic dragones Beware here be dragons This is precisely the danger raised by today s well justified decision to award the 2012 Nobel Peace Prize to the EU for its contribution to peace democracy and human rights in Europe Notwithstanding the What did the EU really agree on sovereign and bank debts last summer October 4 2012 October 4 2012 D Thomas Tweet There has been great furor recently over what exactly EU leaders agreed in the June 2012 summit Some of that furor concerns the issue of separating member states liability for sovereign debt which nobody contests from their liability for bank debt which is widely contested Here in Ireland where the country s economic prospects are seriously On structural reforms and job creation October 1 2012 October 1 2012 D Thomas Tweet In my recent post Getting beyond Europe s spend more spend less debate I focused on the pros and cons of structural reforms including labour market reforms This recent article in the Economist drawing on recent studies from the IMF and OECD linked at the end of the article points out that the economic impact of structural Categories Commentary Council of Europe Democracy Legitimacy Public opinion Economic crisis reform EU Council EU law ECJ Eurocrisis Europe s neighbourhood European Commission European Council Summits European Parliament Eurozone governance ECB Fiscal Treaty Foreign and Security Policy Future of

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  • September 2012 Archives - Dublin European Institute
    decision making at European level and indeed the slow motion political response to the crisis in the Eurozone has revealed how badly this is needed Monti wants Victory for Europe Not yet September 13 2012 September 13 2012 D Thomas Tweet Over the last few weeks various commentators described the multiple events of 12 September yesterday as the EU s D Day a make or break final assault on the Eurozone crisis One day on things do seem to have gone quite well for EU stability the ECB has announced an unlimited programme to buy bonds of Eurozone states albeit with Categories Commentary Council of Europe Democracy Legitimacy Public opinion Economic crisis reform EU Council EU law ECJ Eurocrisis Europe s neighbourhood European Commission European Council Summits European Parliament Eurozone governance ECB Fiscal Treaty Foreign and Security Policy Future of the EU Human rights Immigration Schengen Institutional Reform Ireland in Europe Justice and home affairs Legislative decision making National politics elections Research Single market Social policy Taxation Transparency Uncategorized Recent Posts Schuld I Stay or Schuld I Go Germany Greece and the Politics of Debt and Blame Ideology Morality and Rationality The Uncomfortable Bedfellows of European Integration Saving capitalism for

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  • August 2012 Archives - Dublin European Institute
    the euro crisis I emphasise how closely Ireland s decisions on European integration are entangled in its relations ns with the UK a consideration coming once more into clear focus Paul Gillespie http www boell eu downloads Gillespie Ireland and the Big Game Changer 2 pdf On economic crisis democracy and European integration August 14 2012 August 15 2012 D Thomas Tweet The European media s obsession with reading tea leaves from Frankfurt and bond yields from Madrid has blinded the public to the more fundamental issues at stake in the current crisis This essay on the relationship between economic crisis democracy and European integration by Nobel Prize winning economist turned philosopher Amartya Sen helps to refocus the discussion Must the EU choose between effectiveness and legitimacy August 8 2012 August 8 2012 D Thomas Tweet Commentators on European affairs including myself have often argued that the EU can and must attend to its democratic deficit at the same time that it seeks a technical solution to the Eurozone crisis But a recent essay by Princeton political theorist Jan Werner Mueller finds it hard to see how proposals for European democracy could Categories Commentary Council of Europe Democracy Legitimacy Public opinion Economic crisis reform EU Council EU law ECJ Eurocrisis Europe s neighbourhood European Commission European Council Summits European Parliament Eurozone governance ECB Fiscal Treaty Foreign and Security Policy Future of the EU Human rights Immigration Schengen Institutional Reform Ireland in Europe Justice and home affairs Legislative decision making National politics elections Research Single market Social policy Taxation Transparency Uncategorized Recent Posts Schuld I Stay or Schuld I Go Germany Greece and the Politics of Debt and Blame Ideology Morality and Rationality The Uncomfortable Bedfellows of European Integration Saving capitalism for the few or the many Social Democracy a Second

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  • June 2012 Archives - Dublin European Institute
    Westerwelle its report was not entirely a German product As the Auswaertiges Amt explains Alongside Foreign Minister Westerwelle the Foreign Ministers of Austria Belgium Denmark Italy Luxembourg the Netherlands Poland Portugal The politics of the Eurozone after the Greek election June 19 2012 N Hardiman Tweet I ve posted some thoughts on this on Crooked Timber here Some political consequences of the referendum June 16 2012 Guest Tweet by Agustin Ruiz Robledo Professor of Constitutional Law at the University of Granada Spain and Visiting Scholar at the UCD School of Law 2011 12 The pace of politics and life in the twenty first century is so fast that the referendum of May 31 seems to have been held a year ago and is no longer an Europe s North Col A New European Union Treaty June 8 2012 June 8 2012 B Tonra Tweet Whatever medium or longer terms plans Chancellor Merkel has for the European Union we are undoubtedly embarked on yet another treaty reform journey The immediate eurozone emergency may or may not require treaty change one can only imagine that the Council legal services are engaged in a desperate battle to avoid that but the dye has The morning after June 3 2012 June 3 2012 D Thomas Tweet Regardless of one s views on the fiscal treaty this post referendum analysis by my UCD colleague Andy Storey is a sobering reminder that a treaty focused on government debt is unlikely to resolve a crisis sparked principally by irresponsible lending and borrowing by private banks On the other hand bond markets and German taxpayers parliamentarians Categories Commentary Council of Europe Democracy Legitimacy Public opinion Economic crisis reform EU Council EU law ECJ Eurocrisis Europe s neighbourhood European Commission European Council Summits European Parliament Eurozone governance ECB Fiscal

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  • May 2012 Archives - Dublin European Institute
    21 2012 May 21 2012 D Thomas Tweet This analysis by NUI Galway economist Alan Ahearne of what the Greek crisis means for Europe reminds one of the heady days in winter 2011 when Angela Merkl declared her readiness to do whatever it takes to preserve the Euro Ahearne makes a strong argument that saving the Euro will now require politically heroic steps Is the response to the crisis simply stupid May 21 2012 May 21 2012 A Storey Tweet Much current discussion of the euro crisis focuses on the seeming irrationality or incompetence of decision makers For example Guardian economics editor Larry Elliot says that there is a failure or an unwillingness to grasp a basic truth about the single currency it doesn t work While this may be true to a certain extent one Fiscal treaty referendum is still wide open May 17 2012 May 17 2012 D Thomas Tweet The latest poll results reported in today s Irish Times show that the outcome of the May 31 referendum is still wide open many voters are still undecided and given the degree of anti austerity anger in the country this could easily upset the 60 40 split in favour of the treaty among those who have decided how debate on fiscal treaty Wednesday 23rd 1pm May 17 2012 A Storey Tweet http www ucd ie student mailout 2012 05MAY12 pres lunchtime index html Austerity or growth It s worse than that May 17 2012 May 17 2012 D Thomas Tweet In this new post on politicalscience ie Sam Brazys critiques the austerity versus growth framing of economic choices for Europe He focuses on Ireland but other Eurozone members think Spain also face a massive problem of household indebtedness due to mortgage arrears whose implications Eurozone governments are just

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  • April 2012 Archives - Dublin European Institute
    to what needs to be done at national and European levels Instead the Irish debate on the Fiscal Treaty is consistently framed see two MEPS in this clip as a Francois Hollande upsets Fiscal Treaty apple cart April 26 2012 May 4 2012 D Thomas Tweet By proposing that the EU adopt a new growth pact alongside the new Fiscal Treaty French presidential candidate and likely winner Francois Hollande has dramatically shifted the politics of Eurozone reform See report here Critics of the Fiscal Treaty s exclusive focus on budget discipline will welcome this move but it seriously complicates the Irish government s planning for Categories Commentary Council of Europe Democracy Legitimacy Public opinion Economic crisis reform EU Council EU law ECJ Eurocrisis Europe s neighbourhood European Commission European Council Summits European Parliament Eurozone governance ECB Fiscal Treaty Foreign and Security Policy Future of the EU Human rights Immigration Schengen Institutional Reform Ireland in Europe Justice and home affairs Legislative decision making National politics elections Research Single market Social policy Taxation Transparency Uncategorized Recent Posts Schuld I Stay or Schuld I Go Germany Greece and the Politics of Debt and Blame Ideology Morality and Rationality The Uncomfortable Bedfellows of European

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  • Don’t fear the Grexit (Unless you’re Greek) - Dublin European Institute
    pensions of the Baltic states is significantly less than half that in Greece Other social spending shows similar relationships Those invoking the morality of debt relief in Greece must think that the Greek elderly are somehow more deserving than their Lithuanian counterparts The Slovakian finance minister recently made clear that nominal debt relief is a red line So Grexit it is But Grexit need not be feared The political argument against Grexit is weak but the economic argument is weaker still The EU is a political project The EMU is primarily an economic project Yes it is not an optimal currency unit and has had its trials and tribulations but that is largely because it contains states like Greece who incidentally cooked their books to join The exit of a suboptimal member out of a currency unit doesn t make it weaker it makes it stronger Even if contagion spreads which looks increasingly unlikely and a few other suboptimal dominoes fall say Portugal this still isn t fatal to the currency An exchange rate is a price based on supply and demand of and for a currency which is driven to a large extent by the strength of the economy behind the currency When an economy that is in the midst of a depression not seen since the 1930s leaves the fold how can markets do anything but cheer The refrain that the Euro is a political project is only partly true Britain s tensions with the EU have little to do with its maintenance of Sterling Denmark is as much Europe as Belgium Sweden has chosen an indefinite de facto opt out despite a legal obligation to join and yet remains integral to the European project Polish plumbers can live and work in France as easily as the Irish These states all illustrate that EMU membership is NOT a necessary component of being part of the European political project Many of the states out of the Euro are there because they do not feel the currency fits their macroeconomic goals The Euro does not fit Greece s macroeconomic goals and the prudent move is joining the outsiders For most of the remaining Eurozone 18 the Euro will continue to work backed by the 4 th 6 th 8 th 14 th and 17 th largest economies in the world Grexit will be a painful adjustment for Greece as outlined today in the WSJ though probably no more than continued austerity and with at least some prospect of eventual recovery and perhaps even readmission Germany is right to finally call for humanitarian assistance which is vitally necessary as the Greeks rebuild the social safety nets while adjusting to the new Drachma reality However Grexit is not a boogeyman that will destroy the European project Instead it is a sensible and effective separation that will ultimately leave both parties better off Posted in Eurocrisis Eurozone governance ECB Post navigation Greferendum The Last Battle of Economic Ideas in Europe Taxing Labour Beyond

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