Daniel Gros is Director of the Brussels-based Center for European Policy Studies. He has worked for the International Monetary Fund, and served as an economic adviser to the European Commission, the European Parliament, and the French prime minister and finance minister. He is the editor of Economie Internationale and International Finance.
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Daniel Gros
Commentaries by Daniel Gros
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Europe’s Irrelevant Austerity Debate
BRUSSELS – The most visible symptom of the crisis in the eurozone has been the high and variable risk premiums that its peripheral countries…
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The Meaning of Cyprus
BRUSSELS – The root of the problem in Cyprus is well known. Its two major banks had attracted huge deposits from abroad, largely from Russia…
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Learning from Germany
BRUSSELS – Ten years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was re…
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Austerity in Small Places
BRUSSELS – Interest in small countries’ economic policies is usually confined to a small number of specialists. But there are times when sma…
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Will More Integration Save Europe’s Social Model?
BRUSSELS – At high-level gatherings of the European Union elite, one often hears the following type of statement: “Europe must integrate and…
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The False Promise of a Eurozone Budget
BRUSSELS – A key question confronts the four presidents of Europe’s major institutions (the European Commission, the European Council, the E…
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Getting to Normal
BRUSSELS – A financial crisis erupts when a large volume of assets in the financial system suddenly appears to be risky and investors want t…
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Should Europe be Fracking?
BRUSSELS – The global energy community is abuzz with excitement about hydraulic fracturing, or “fracking,” a newish technology that has open…
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This Recovery is Different
BRUSSELS – The misguided belief that “this time is different” led policymakers to permit the credit boom of the early 2000’s to continue for…
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Why Eurobonds are Un-American
BRUSSELS – The emerging consensus in Europe nowadays is that only “debt mutualization” in the form of Eurobonds can resolve the euro crisis,…
Europe’s Irrelevant Austerity Debate
Paul Peters: Odd, i thought this whole "austerity" discussion was to raise the impression that governments were financially accountable.. a sort of Sarbanes Oxley, at least in whatever is being said to the press, …
Europe’s Irrelevant Austerity Debate
Ralph Musgrave: The distinction between foreign and domestically held public debt was pointed out by R.A.Musgrave in the American Economic Review in 1939. Smart lot we Musgraves :-)