Europe's nations and regions

[field_auth], 26 August 2016

The vote for Brexit was seen by some as a vote of ignorance, laced with xenophobia. This column argues that it was not an irrational vote of the ignorant, but a highly rational vote by the same losers from trade as elsewhere across the world. To compensate them, efforts should be made to upskill displaced workers and build them affordable homes to rent in places where the new jobs are. Ignoring this rise of trade nationalism would be far more dangerous than leaving the EU.

[field_auth], 22 August 2016

It has been suggested that the vote for Brexit marks the first step of disintegration in Europe. This column argues that if the European integration process is pursued wisely, it still carries the promise of enduring peace and growing prosperity. But EU policymakers must devise a process of integration that strengthens Europe’s competitiveness to such an extent that the advantages of EU membership are clear to member states’ citizens.

[field_auth], 13 August 2016

Citizens of the UK voted to leave the EU, but voters in Scotland and Northern Ireland expressed a strong wish to remain. Taking a trade perspective, this chapter argues that resolving border issues will be central to finding a Brexit outcome that preserves the UK in its present form. Continued membership of the EEA – with Scotland either a part of the same country or a fellow, independent member – would be the best outcome for the UK. 

[field_auth], 13 August 2016

The recession has left a legacy of non-performing loans on Italian banks’ balance sheets.  Policymakers in Italy understand well the importance of correcting their banks’ problems to foster a healthy economic recovery.  This column argues that reforming the judicial and extra judicial processes for recovering collateral offers the potential of improving banks’ balance sheets and enhancing financial stability, not only by increasing loan collections directly, but also by improving borrowers’ incentive to service their existing debt.

[field_auth], 12 August 2016

How can the Irish economy respond to being torn by between two neighbours by Brexit? Bob Denham (Econ Films) interviews Patrick Honohan (Trinity College Dublin) on what economic connections do and don’t need to be unpicked, from labour markets to managing the border. 

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