politics, economy and employment & labour
Social Europe is an award-winning digital media publisher. We use the values of freedom, sustainability and equality as the foundation on which we examine society’s most pressing challenges. We are committed to publishing cutting-edge thinking and new ideas from the most thought-provoking people. This archive page brings together Social Europe articles on political issues.
The European Commission has once again issued a legislative proposal which jeopardises workers’ rights. The proposal for a “single-member private limited liability company” (SUP in European jargon) would create a 29th regime in company law. It goes down the same road as those previous company law proposals (like the European Private Company) which bypass rules […]
Thomas Piketty’s book Capital in the Twenty-First Century has captured the world’s attention, putting the relationship between capital accumulation and inequality at the center of economic debate. What makes Piketty’s argument so special is his insistence on a fundamental trend stemming from the very nature of capitalist growth. It is an argument much in the tradition of […]
While the rest of the world recovers from the Great Recession of 2008-2009, Europe is stagnating. Eurozone growth is expected to be 1.7% next year. What can be done about it? One solution is a weaker euro. Earlier this month, the chief executive of Airbus called for drastic action to reduce the value of the euro against the dollar […]
Europe is heaven on earth, the promised land, as soon as you look at it from the outside. […] Europe appears in a different light, but always as paradise, as a dream of mankind, as a stronghold of peace, prosperity and civilisation. Here, Wim Wenders impressively describes Europe’s promise of hope. He is right, and […]
Obama is Leaving Economic Inequality for his Successors to Fix President Obama is emulating former President James Buchanan. His economic agenda is to kick the can down the road, leaving his successors an America of widening economic inequality without prospect of remediation. The Obama Presidency is facing the most toxic, polarized environment since the antebellum […]
For generations, Europe was a project of hope. To my parents’ generation, after a time of war and hostility, Europe represented the hope of achieving economic progress together in an atmosphere of peace and friendship. To my generation, Europe symbolised a place of hope and freedom following the Cold War. We criss-crossed fading borders and […]
The very rich, F. Scott Fitzgerald famously wrote, “are different from you and me.” Their wealth makes them “cynical where we are trustful,” and makes them think “they are better than we are.” If these words ring true today, perhaps it is because when they were written, in 1926, inequality in the United States had reached heights comparable […]
The new European Parliament has to turn its attention to numerous pressing issues. I shall refer here to three of them: the socio-ecological transition, growing inequality, and EMU. The socio-ecological transition will require policy action geared simultaneously to the short, the medium and the long term. This means devising an appropriate policy mix deriving from […]
The European welfare state and the European Union (EU) find themselves caught up in a double bind in the aftermath of the global financial crisis. On the one hand, domestically, EU members are politically bound by widely cherished national social contracts on welfare provision, which in hard economic times are especially difficult to renege upon. […]
In 1914, as he was leading his men at the Battle of the Marne General Foch, the best of all the French fighting generals told his chiefs in Paris: ‘My centre is giving way. My right is retreating. The situation is excellent. I am attacking.’ And indeed in one of the greatest manoeuvres ever seen […]
After the European elections, the World Cup became the new hot topic. Only insiders were interested enough to follow closely the selection process of the new Commission President. Nevertheless, there were some quite interesting developments which are worth noting: the European elections were the most European in the history of the directly elected European Parliament […]
When Franklin Roosevelt outlined his essential four freedoms in 1941 he was convinced democracy could only be defended and advanced beyond the remaining 11 democracies by replacing classical liberalism with a comprehensive concept based on freedom of expression, freedom of worship, freedom of want and freedom from fear. Real freedom cannot exist if one of these […]
Led by the IMF, the main body of mainstream economists is now aware of the danger that debt deflation is raising for several Euro Area member states. This awareness is surely a good thing. However, what is conspicuously absent in this discussion is the link with wages. It is as if ‘lowflation’ (as the IMF […]
The Italian prime minister Matteo Renzi has recently been making headlines in the European and international press for his anti-austerity stance. ‘If Europe does not change course there will be no growth’, Renzi recently said in a speech to parliament, warning the ‘high priests and prophets of austerity’ that ‘there can be no stability if […]
Joseph Stiglitz, who won the Nobel Prize in 2001 for his work on how markets work inefficiently was once asked about his opinion on austerity measures. “It reminds me of medieval medicine,” he said. “It is like blood-letting, where you took blood out of a patient because the theory was that there were bad tumours. And very often, […]
The EU is slowly recovering from a long period of financial instability and economic sacrifice that has pushed up unemployment to record-high levels and also resulted in a dramatic rise of poverty in the more ‘peripheral’ EU countries and regions. Exiting the social crisis and making the European social model more resilient will remain a […]
Many of those interpreting the results of the European elections claim to discern a fundamental disenchantment with Europe among its citizens. On this basis the considerable success achieved by Euro-sceptic parties in some countries is only the harbinger of a broad repudiation of the EU and the excessive expansion of its competences. But is that […]
Germany’s first post-war Chancellor Konrad Adenauer is usually held to be the origin of an often-quoted phrase „Was kümmert mich mein Geschwätz von gestern?“. Roughly: why should I be concerned about the rubbish I talked yesterday? Whatever the rights and wrongs of this attribution, the phrase – used to draw attention to someone who places […]
Globalization makes international collaboration more urgent; but it also makes it less likely to happen. Marketization requires social policy, not only to combat the negative effects of markets, but also to support the market with things it cannot provide for itself; but marketization and social policy are usually seen as opposed projects. For Europeans, confronting […]
The recent European Parliament election results revealed a reality that is uncomfortable and challenging both politically and socioeconomically. At the political level, we are witnessing in practice the rise of euroscepticism, nationalism and anti-Europeanism. At the socio-economic level, inequalities among and within Member States are evident, demonstrable and rising. Considerable institutional deficiencies, high rates of […]
Economists at DG ECFIN are starting to notice something we have pointed out already some time ago: Despite an enormous cut in wage costs, Greek exports have firmly stayed put in recessionary territory and hopes for an export-led recovery have proven to be illusive. Troubled by this failure of Greek exports to lift off, DG ECFIN […]
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