Madariaga - College of Europe Foundation

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Fédérer l’eurozone sur un modèle social commun?

Pierre Defraigne - Executive Director, Madariaga - College of Europe Foundation

Citoyens Engagés - mai 2013

Depuis l'apparition de la crise économique, la politique économique européenne se résume en un seul mot : austérité. Pourtant, une autre politique économique européenne qui soit synonyme de relance de l’économie, de croissance, d’emplois de qualité et de solidarité est envisageable. Il convient de réfléchir sur le rôle du budget européen, comme véritable budget d’investissement, et sur la mise en place d’une politique industrielle qui permette à l’Europe de générer des emplois et une véritable prospérité à ses citoyens. Mais, plus globalement, il convient de travailler à la définition de propositions concrètes qui constitueraient les bases d’un plan alternatif pour la politique économique européenne. 

Contribution de Pierre Defraigne au projet "Citoyens Engagés" et publié sur le site http://www.citoyensengages.be/, projet à l'initiative du Parti Socialiste belge et de l'Institut Emile Vandervelde.

Pour voir la présentation sur le site cliquer ici

 pour lire le texte complet

 
Europe's Three Needs: a Debt Write-Down, a Real Central Bank, and a More Efficient Tax System
18 December 2012 - Brussels, Belgium

Michael Hudson, Distinguished Professor of Economics at the University of Missouri-Kansas City and Director of the Institute for the Study of Long-Term Economic Trends, presented a paper entitled "Europe's Three Needs: a Debt Write-Down, a Real Central Bank, and a More Efficient Tax System" at a conference organised by the Madariaga - College of Europe Foundation, the Institute of European Democrats and with the financial support of the European Parliament looking at Governing Globalisation in a World Economy in Transition.

  Prof. Michael Hudson's Conference Paper

 
China and the BRICS in the New Era of Globalisation
17 December 2012 - Brussels, Belgium

Sun Yan, Researcher at the Institute of European Studies of the Chinese Academy of Social Sciences, presented a paper entitled "China and the BRICS in the New Era of Globalisation" at conference organised by the Madariaga - College of Europe Foundation, the Institute of European Democrats and with the financial support of the European Parliament looking at Governing Globalisation in a World Economy in Transition. 

  Dr. Sun Yan's Conference Paper 

 
Europe and the World Economy at the Tipping Point
27 June 2012 - Brussels, Belgium

Michel Aglietta, Professor at University Paris X Nanterre and Advisor at CEPII, recently presented a paper entitled "Europe and the World Economy at the Tipping Point" at conference organised by the Madariaga - College of Europe Foundation, the Institute of European Democrats and with the financial support of the European Parliament looking at Governing Globalisation in a World Economy in Transition. Below is an extract from Professor Aglietta's article:

"Is Europe going to drag the world down into depression? The financial markets seem to believe it. The rush to safety is widespread and the safe havens are few. German two-year bond yields fell to 0 end of May. Benchmark 10-year bund yields reached 1.25 and slipping downward. US10-year Treasury bond yields plummeted to 1.6%, a level unknown since March 1946.

Such extraordinary figures say something about the beliefs that belie in financial markets. Financial investors seem to foresee one of two outcomes: either an imminent world financial disaster leading to steep depression or a decade of stagnation and deflation Japan-style. They are indeed two possible outcomes triggered by overall deleveraging following a huge banking crisis, the other two being hyperinflation or inflation-controlled moderate growth allowing negative real interest rates that in turn generate debt consolidation over 10 to 15 years.

Hyperinflation being out of the question and central banks able to stem a breakdown of the world financial system, the choice is between deflationary stagnation and inflation-controlled growth. For the two-years after the brisk but flimsy recovery due to the 2009 stimulating plans, the Eurozone has headed downward to the Japanese disease while the US has managed to stay on the modest growth still disappointing policy makers. However the Eurozone crisis is turning viral, infecting the world economy. The cure requires decisive action and lies in Europe, meaning in Germany."

  Prof. Michel Aglietta's Conference Paper

 
BRICS: Path Openers or Reluctant Followers?
25 June 2012 - Brussels, Belgium

Alfredo Valladao, Professor at the Paris School of International Affairs (PSIA) at SciencesPo Paris, recently presented a paper entitled "BRICS: Path Openers or Reluctant Followers?" at conference organised by the Madariaga - College of Europe Foundation, the Institute of European Democrats and with the financial support of the European Parliament looking at Governing Globalisation in a World Economy in Transition. Below is an extract from Professor Valladao's article:

"The “BRICS” concept is now often associated with the idea that Western capitalism is on the wane and that economic power is being “re-balanced” mainly to the benefit of Asia and, particularly, of the big “Emerging Powers” – Brazil, Russia, India, China and South Africa. These rising new powers are seen as the main engine of the “restructuring” of the world economy and even of the global order as such. But hyperbole and Western angst apart, the reports of the demise of the US and Europe – still by far the most important players of the global economy – are “greatly exaggerated”. And the present difficulties and impasses of the BRICS’ economies are a clear sign that far from imposing their power or becoming “decoupled” from the Euro-American markets, the future prosperity of the emerging countries is evermore linked and dependent on the decisions the Western world will take to manage the global crisis. The market value of the BRICS brand has shot so high that one can already hear the faint and ominous sound of a bear market stampede. As a matter of fact, these new players, as well as everybody else including Europe and the US, are much more susceptible to being “restructured” by a new incoming global order (or disorder) than the other way around."

  Professor Valladao's Conference Paper

 
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Call for Applications

Peace Tour Award for Outstanding Chinese Students in Europe

The Peace Tour Award has been jointly set up by the Madariaga-College of Europe Foundation (MCF) and the Europe-China Cultural and Educational Foundation (ECCEF), the European branch of the Peace Tour Committee - World Famous Chinese Artists Global Painting Peace Tour Committee - in order to grant awards to outstanding Chinese students or researchers studying in the European Union.

Results of the Jury's deliberation will be delivered by the end of July.

The date of Award Ceremony will be made public as soon as possible. 

More info here

 


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