Will Germany be caught up in the recession of its European partners?
Christophe Blot and Sabine Le Bayon Can Germany avoid the recession that is hitting a growing number of countries in the euro zone? While Germany’s […]
euro zone
What risks face the Greeks if they return to the drachma?
By Anne-Laure Delatte (associate researcher of the Forecasting Department) The debate about whether the Greeks will stay in the euro zone is intensifying. Christine Lagarde, […]
Less austerity = more growth and less unemployment
Eric Heyer and Xavier Timbeau The European Commission has just released its spring forecast, which anticipates a recession in 2012 for the euro zone (“mild” […]
The financial markets: Sword of Damocles of the presidential election
By Céline Antonin Although some of the candidates may deny it, the financial risk linked to the fiscal crisis in the euro zone is the […]
Must balancing the public finances be the main goal of economic policy
By Henri Sterdyniak The financial crisis of 2007-2012 caused a sharp rise in public deficits and debt as States had to intervene to save the […]
The new European treaty, the euro and sovereignty
By Christophe Blot On 2 March 2012, 25 countries in the Economic and Monetary Union (EMU) adopted a new treaty providing for greater fiscal discipline. […]
He who sows austerity reaps recession
By the Department of Analysis and Forecasting, headed by X. Timbeau This article summarizes OFCE note no.16 that gives the outlook on the global economy […]
Austerity is not enough
By André Grjebine and Francesco Saraceno It is certainly possible to question whether the role acquired by the rating agencies in the international economy is […]
Estonia: a new model for the euro zone?
By Sandrine Levasseur In the wake of the Swedish and German models, should Europe now adopt the Estonian model? Despite Estonia’s success story, the answer […]
What new European austerity plans await us in 2012?
By Eric Heyer To meet French commitments vis-à-vis Brussels to a general government deficit in 2012 of 4.5% of GDP, the French Prime Minister Francois […]