2008

18.12.2008 19.15

ETUI:n katsaus Euroopan talous- ja finanssikriisiin sekä sen syihin ja vaikutuksiin


Palkansaajajärjestöjen EU-edustuston tiedote 18.12.2008

EAY:n tutkimuslaitos ETUI on julkaissut katsauksen Euroopan talous- ja finanssikriisiin: The economic and financial crisis in Europe: addressing the causes and the repercussions (European Economic and Employment Policy Brief 3/2008). Alla on myös lyhyt esittely Alan Wattin kirjoittaman katsauksen sisällöstä. Wattin kannanotot ja suositukset löytyvät sivulta 11 alkaen.

Julkaisu löytyy myös tästä nettiosoitteesta:

http://www.etui.org/research/Media/Files/EEEPB/2008/3-2008

--
Jorma Rusanen
Director
The Finnish Trade Unions Representation to the EU
FinUnions (KEY-Finland)
Boulevard du Roi Albert II, 5
B-1210 Brussels - Belgium
Tel  +32 2 201 06 81; +32 2 203 12 38 (direct)
Fax +32 2 203 11 37
Mobile +358 40 5485661;  +32 479 95 21 49
jrusanen@fin.etuc.org / www.finunions.org


The economic and financial crisis in Europe: addressing the causes and the repercussions (European Economic and Employment Policy Brief 3/2008)

This issue is entitled “The economic and financial crisis in Europe: addressing the causes and the repercussions”. It analyses the situation facing the European economy and traces both the more fundamental and the proximate causes of the worsening crisis.

The author, EEE PB editor Andrew Watt, argues against fatalism: European policymakers have the tools at their disposal to limit the extent and duration of the recession. He proposes a package consisting of five elements: expansionary monetary policy; a coordinated fiscal policy expansion; antideflationary wage policies; continued efforts to stabilise the financial sector; and ad hoc national measures to break negative feedback loops. Proposals are also developed for more medium-term measures to prevent crises in the future and improve Europe's ability to effectively manage its economy. For while the required tools are, in principle, available, there are major question marks as to whether, with the current institutional structures, Europe actually will manage to put in place the required coordinated response. Given these question marks, the author concludes, one can only be conditionally optimistic about the medium-term prospects. A 1929-scenario is far from inevitable, but it remains a possibility.

This Policy Brief is longer and contains a more detailed analysis than previous issues in this series. For those readers whose primary interest is in the policy response, the policy discussion and recommendations start on page 11.

I do hope that you find the Policy Brief useful for your work and of interest for the political and academic debates facing Europe in the areas of economic and employment policy. We welcome your comments and criticisms. Remember that back issues of the Brief are available on the ETUI website:

http://www.etui-rehs.org/research/Publications/Regular-publications/European-Economic-and-Employment-Policy-Brief

I would like to take the opportunity to wish you all a peaceful and pleasant festive period and a good start to the New Year.

Andrew Watt
Editor of the EEE Policy Brief
Senior researcher
European Trade Union Institute



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