Ideas spread fast, bad ideas spread faster. Over the last few months, the European Commission has tried to give new impulse towards achieving a ‘Social Triple A’ rating. At the beginning of March, Employment and Social Affairs Commissioner Marianne Thyssen launched a social package comprising an outline of the European Pillar of Social Rights and some ideas to facilitate labour mobility. Continue reading →
Neglecting motivation, skills and digital literacy in work force risks losing Europe’s competitive advantage – Post originally published by Euro Insight, 18 November 2015.
The need to boost investment across Europe is undisputed and well documented. Since 2008, both private and public investment contracted: gross fixed-capital formation as a percentage of GDP fell from 22.2% in 2007 to 18.5% in 2013, and there are still no signs of recovery.
Greece did not submit a new reform proposals at the Eurogroup meeting today and it was a wise decision.
Eurozone finance ministers should not decide on something that is no longer a financial/economic matter. There was just an inspired politician among Finance Ministers, but he did not speak the same language of the others and he is no longer there. Finance Ministers have been speaking out too much when they should have probably kept silent and let politicians and prime ministers take the lead and the responsibility that comes with it.Continue reading →
It really looks like we are not learning from our mistakes. This whole situation between Greece and its international creditors is becoming ridiculous.
Here, the two points that are striking to me:
We have learnt nothing from economics. How come that current negotiations keep on discussing and putting forward economic provisions that proved to be wrong? (and by wrong here I mean that had pro-cyclical effects, i.e. contributed to recession rather than to growth and prosperity)
We have learnt nothing from politics. How come that we haven’t realized yet how bad it is to continue with externally imposed measures on a country and its population? (and by bad here I mean that it reinforces, gives arguments and vigor to those extremist or Eurosceptic forces which are threatening European integration and are growing in several countries)
I will discuss these two points in more detail and then move on to see whether it is possible to find some points on which there is agreement and propose the establishment of a table on investment for Greece. Continue reading →
Following the fruitful collaboration carried out in 2014, the College of Europe and the European Business Summit have now established a three-year knowledge partnership and will cooperate to promote public debate and analysis of European policy-making with an impact on business.
Transatlantic trade negotiations constitute a very complex dossier requiring high-level political decisions on a multitude of diverse and extremely technical matters which are likely to impact every industry and affect investors’ incentives.
Differently from any previous trade agreement, the principal aim of TTIP is not only to dismantle border restrictions such as tariffs and quotas. Rather, it seeks regulatory convergence. Harmonization and mutual recognition of regulations and standards can lead to a substantial cut in red tape and consequently it can have a significant impact on production costs. Continue reading →
This post was written for the Winter Issue of the World Policy Journal, which is entitled “Europe Under Fire” and analyzed the struggle for unity in Europe. Each issue begins with the Big Question: an overarching question that frames the magazine and provides insight into the long form pieces to come. In this issue focusing on Europe, the Big Question was: “What does your government need to remain viable?”; They asked David about Italy; below his short answer.
In the same article “The Big Question: The Throes of an Identity Crisis”, you may also find the much more relevant commentary by Prof. Yanis Varoufakis on Greece.
Italy: In Need of Cultural Revolution
Italian stagnation is worrisome. Socioeconomic conditions are hardly sustainable, and the political opportunity to implement reforms in the immediate aftermath of the crisis has been wasted.