AUTHOR'S BIO

Daniel Gros

Daniel Gros is Director of the Centre for European Policy Studies.

RECENT COMMENTARIES

FEATURED COMMENTARIES

How to Save the Euro

2010-03-12

The euro zone was created on two assumptions: member countries would adhere to strict deficit and debt limits, and those who violated the limits would not be bailed out. Now that the Greek crisis has proved both assumptions invalid, the only hope for imposing market discipline throughout the euro zone is the creation of a European Monetary Fund.... read

Comments: 1 Recommended: 1 Read: 1601

Set the IMF Free

Daniel Gros Series: Frontiers of Growth

2009-03-23

The IMF is back in business, as now more and more countries need balance-of-payment support, and as the global monetary system needs a body to oversee its overall stability. The IMF is the only candidate for this task, but experience has shown that the Fund can fulfill this role only if its governance is reformed.... read

Comments: 0 Recommended: 0 Read: 5784

Is Europe’s Housing Market Next?

Daniel Gros Series: European Economies

2008-02-07

Over the last three decades, house prices in the US and Europe have tended to follow three slow-moving, related boom-bust cycles. If that pattern holds, the downturn in house prices will not be limited to the US, and, on both sides of the Atlantic, the decline is likely to undermine consumer spending.... read

Comments: 0 Recommended: 0 Read: 13478

How to Make EU Integration Popular

Daniel Gros and Stefano Micossi Series: European Economies

2007-02-27

Across the European Union, fears about globalization and antipathy to integration and immigration have produced massive political fallout, including the failed French and Dutch referenda on the Union’s draft constitutional treaty and a de facto moratorium on accession talks with Turkey. The European Council and the Commission have watched helplessly, as if the matter was not in their hands.... read

Comments: 0 Recommended: 0 Read: 10918

Putting Europe into the EU Budget

Daniel Gros and Stefano Micossi Series: European Economies

2005-03-03

Most independent observers agree that the European Union’s budget no longer reflects its main tasks and policy goals. Aid to agriculture, a declining sector, consumes over 40% of spending and little is spent on the future (R&D) or on fields in which the EU must assume new responsibilities, such as internal and external security.... read

Comments: 0 Recommended: 0 Read: 14700

Is the Market Doomed in Giscard's New Europe?

Daniel Gros and Stefano Micossi Series: European Economies

2003-03-17

The endgame to determine the European Union's final shape is underway. It began with the publication by the Praesidium of the Convention on the Future of Europe of a draft of the first sixteen articles of the "Treaty to establish a Constitution for Europe." The text mostly replicates the structure of Convention Chairman Valery Giscard d'Estaing's "skeleton" Constitution, presented last November, and the conclusions reached by the Convention's working groups. The key word here is mostly. ... read

Comments: 0 Recommended: 0 Read: 9390