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Fokus Sommer/Herbst 2011Focus Summer/Fall 2011
5/25/2019 : 11:11 pm : +0200


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Focus Summer/Autumn 2011

We present and discuss current research and economic policy related topics in International Economics. This quarter about:

Managing the euro area crisis

In this blog contribution Sony Kapoor agrues that leveraging the EFSF will not be sufficient and that in the end an involvement of the ECB will be unavoidable.
(in German)

undefinedFinancial Times Deutschland

In this voxEU contributes Charles Wyplosz presents a failsafe 3-step plan to end the crisis in the Eurozone.

While almost everyone is agreed that the Eurozone is in crisis, there is much less agreement about how to stop it.

The Eurozone crisis moved into phase 2 this August when the contagion spread to Italian debt, Spanish debt, and most EZ banks.

Article by Andrew Lilico.

In response to the crisis of 2008, UK policy-makers did five key things…

Eurobonds are being touted as the silver bullet to resolve the Eurozone crisis. This column argues that the Eurobonds proposal fails on legal, political, and economic grounds.

In this column Charles Wyplosz argues that getting ahead of the crisis will require a guarantee for the entire stock of Eurozone debt – either by the ECB, or via some sort of Eurobond scheme.

Common economic governance, debt ceiling, financial transaction tax but so far no eurobonds: German Chancellor Merkel and French President Sarkozy call for swift action to get the European debt crisis under control.
(in German)


Europe on the Brink

A new policy brief of the Peterson Institute for International Economics draws three plausible scenarios for the developments in the euro area in the coming months.


ECB buys Italian and Spanish Bonds

After hours of deliberations the ECB sends calming signals to financial markets by supporting Italy and Spain.
(in German)

undefinedDie Presse


Greek tragedy

The Eurozone crisis is far from over. Greece still needs substantial reforms if it is to regain competitiveness and survive without support. In this voxEU column Hans-Werner Sinn argues that the pain of doing so will be unbearable for Greek society. It claims that the best solution for all concerned is if Greece temporarily leaves the euro.

FDI after the crisis

China's foreign direct investments in the EU are growing rapidly and could reach 8 billion USD-dollar this year.

undefinedFinancial Times

Emerging-market firms are increasingly buying up rich-world ones.


The Austrian Academy of Sciences (ÖAW) publishes an atlas showing the investmnet activities of Viennese enterprises in Central and Eastern Europe.
(in German)


Radical tax reform in Northern Ireland could be “the economic equivalent of the peace process”, according to Owen Paterson.

undefinedFinancial Times

Over the period of the last 12 months foreign direct investment to Ukraine has increased almost five times over. Comparing the first six months of 2010 and 2011 analysts have detected a 4,9-fold growth indicating a positive tendency in the national economy while proving the growing investment attractiveness of Ukraine.

undefinedWallstreet Online

FDI: Austria focuses on familiar neighourhood in CEE

UNCTAD's Investment Report shows that global FDI increased slightly in 2010. Austria is investing mainly in CEE but saves on personnel.
(in German)


World Investment Report 2011

The World Investment Report 2011 has been launched. The Report forecasts that, barring any economic shocks, FDI flows will recover to pre-crisis levels over the next two years.