EU

Must Read

Vox: Weighing the Pros and Cons of Corporate Tax Reform in the EU

Authors: Leon Bettendorf, Michael Devereux, Simon Loretz, and Albert van der Horst

The European Commission has launched proposals to radically reform corporate income tax in the EU with a system known as the Common Consolidated Corporate Tax base. This column in Vox suggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP and efficiency.

See more in EU; Corporate Governance; Tax Policy

Backgrounder

The Eurozone in Crisis

Authors: Christopher Alessi and James McBride

The eurozone, once seen as a crowning achievement in the decades-long path toward European integration, continues to struggle with the effects of its sovereign debt crises and their implications for the future of the common currency.

See more in Financial Crises; EU; Eurozone

Primary Sources

EU Economic Pact, December 2011

After EU Council summit talks in Brussels, at which France and Germany urged EU member states to overhaul EU treaties in an attempt to remedy the debt crisis, the UK opted out, citing the proposed financial services tax. The 17 Eurozone members and six other states agreed instead on this pact, reached on December 9, 2011, without the UK's participation.

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Audio

Europe Update (Audio)

Speakers: Maurizio Molinari, Andrew Nagorski, and Elaine Sciolino
Presider: David A. Andelman

Experts discuss the economic, political, and social conditions in Europe and analyze what is next for Italy, France, and Germany.

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Audio

Europe Update

Speakers: Maurizio Molinari, Andrew Nagorski, and Elaine F. Sciolino
Presider: David A. Andelman

Experts discuss the economic, political, and social conditions in Europe and analyze what is next for Italy, France, and Germany.

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Interview

Restructuring Euro Debt and Latin Lessons

William R. Cline interviewed by Christopher Alessi

Greece's new prime minister is seeking crucial parliamentary support for an EU bailout package that will require restructuring its sovereign debt. Economist William Cline says Uruguay's 2003 default offers a constructive model.

See more in Financial Crises; Americas; EU

Analysis Brief

Italy and the Future of the Eurozone

Author: Christopher Alessi

New Prime Minister Mario Monti faces the daunting task of reining in Italy's high public debt. Analysts say he will have to tackle fiscal irresponsibility to rebuild market confidence and prevent the eurozone's third largest economy from defaulting.

See more in Italy; Financial Crises; EU

Video

The Future of the Eurozone

Speakers: Thomas Philippon and Benn Steil
Presider: Frank Brosens

Experts reflect on the effects of the economic turmoil in Greece and Italy on the Eurozone and discuss the political dimension in resolving the crisis.

This symposium is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is made possible through the generous support of Stephen C. Freidheim.

See more in EU; Financial Crises