Publications

Recapitalizing banks made sense during the banking crisis of 2008 when governments had debt burdens significantly lower than those of 2011. Today, governments cannot recapitalize banks without trigge...chevron_right

EU policy-makers have a last chance to work together with the private sector to produce a comprehensive, multi-pillar framework to stop the pernicious spread of economic contagion from the sovereign d...chevron_right

The recent experience of Dexia shows that reliance on a single capital indicator can be very costly. A month before the announcement of the €94 billion rescue package in October 2011, the Belgian-Fre...chevron_right

The Polish government has had its mandate extended for yet another four years, while the Slovak’s mandate was suddenly cut short when the parliament refused to ratify the European Financial Stability ...chevron_right

In this commentary, the author argues that the EU should move quickly to enact an American-style ‘TARP’ in the eurozone to strengthen the financial sector and maintain lending. The details of a Europe...chevron_right

In this commentary, the author argues that the eurozone requires a liquidity backstop for its fiscal authority. In a ‘normal’ economy with its own currency, the fiscal authorities can never face a liq...chevron_right

In all likelihood, the European Commission’s proposed tax on financial services, the financial transaction tax (FTT), will raise sizeable tax revenues, which explains its political appeal in the curre...chevron_right

From the applause following President Abbas’ speech at the UN General Assembly on September 23rd that a resolution to support Palestinian statehood would receive overwhelming support from the 193 UN m...chevron_right

Central Asia holds much strategic interest for India as an emerging 21st Century regional and global power. Despite being a latecomer in what some see as a new ‘Great Game’, New Delhi is keen to recon...chevron_right

In this paper, the author examines the sustainability of the major neoliberal, economic and social reforms in the new EU member states, namely the flat income tax and private pension pillars. He first...chevron_right

This paper proposes an assessment of what has been put on the table in response to the euro crisis – and what more needs to be done. The author starts with a brief assessment of the measures taken in ...chevron_right

This paper critically examines the policy implications of the ongoing Canada-Czech Republic visa dispute for the founding principles of the EU’s immigration and asylum policies, notably those of recip...chevron_right

This paper argues that, despite its apparent stability to the events in the context of the Arab Spring, the Algerian polity suffers from underlying currents of instability that risk undermining the lo...chevron_right

Against a backdrop of past scandals and criticism of early agreements negotiated in trilogues behind closed doors, the European Parliament is about to miss an opportunity to show that it takes its rol...chevron_right

The unilateral imposition of a Canadian visa on Czech nationals in 2009 caused diplomatic turbulence between the Czech and Canadian governments and posed a policy problem for the EU. Should all EU mem...chevron_right