Welcome to the Institute of European Studies project to promote dialogue about EU-Canada relations. Here you will find traditional research in the form of brief policy papers and analysis. The site is also an interface for the public to express their opinions on EU-Canada relations in general and economic and environmental cooperation in particular. The site will hopefully act as a gateway to the wider news and opinion forums that are available.
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Click here for the latest Policy Note from IES Director, Dr. K. Hübner titled 'Political Exploitation of the Crisis of the Eurozone'.
The German Chancellor got her way, and the European Union moved closer to a split that may go far beyond the British decision to refuse consonance with its European partners. The December 8 and 9 meeting of the heads of state in Brussels will enter text books of European integration as the days where Britain again decided to step out of the joint boat of Europe, and where democracy landed a huge defeat. Merkel may have won the battle but Europe lost the war.Tagged as:
by Dr. Kurt Hübner
The German center-right coalition sticks to its tune even when the rest of the orchestra builds toward a shrill crescendo. Jointly with Jens Weidmann, head of the Deutsche Bundesbank and her economic advisor, Chancellor Merkel steadfastly opposes all versions of Eurobonds and any decisive bond purchase program for the ECB. Weidmann may have gone furthest by arguing that both tools are in violation of existing European and German law. Yet saying Merkel would have a more nuanced position would miss the point. Both are not even pretending to be subtle. A look at two scenarios is needed in order to understand this hardliner stance. The first scenario postulates that the crisis mechanisms already in place, or are in the making, and the planned change in policy rules that would come with changes to the Treaty are sufficient to deal with an ever-escalating process. Moreover, the tune goes that those mechanisms are strong enough to handle a Greek default and can stop any contagion. Unfortunately, the probability of this scenario diminishes on a daily base. Internal devaluation kick-starts vicious circles where negative growth drives debt and deficit ratios up and thus generates increases in yield. Higher yields demand, in austerity logic, more cuts and cost reductions that result in an ever-lower growth dynamic and eventually in further increases of yield. Sooner than later this circle runs into economic and political walls.
The EU Centre in Singapore has published a policy brief by IES Director Kurt Hübner titled 'The Remaking of the Euro: Changes to the Economic Mode of Governance of the Eurozone'.
This policy brief discusses the reasons behind the sovereign debt crisis and the policies that will impact the future of the eurozone. It also looks at how the financial architecture of the eurozone is being rebuilt so that the eurozone can return to seeing economic growth.
(via EU Centre in Singapore)Tagged as:
We are excited to announce that we will be hosting a conference titled 'Climate Policies, International Regimes & Global Trade: A Transatlantic Perspective' from 10-11 June 2011.
The conference will begin Friday 10 June with a keynote by Matthew Hoffmann of the University of Toronto followed by a roundtable discussion and reception. Saturday will be filled with three sessions and eleven presentations.
For more details click here.
If you would like to attend, click here to RSVP as space is limited. Also please indicate whether you plan on attending the entire conference or only Friday or Saturday.
<Update 14 June 2011> We would like to thank everyone who helped make the Climate Conference a success.