Europe's public finances amidst pandemic, war, and energy crisis
Friday, 24 November 2023
Hello Future is blue readers,
Welcome to our newsletter about European economic affairs bringing together top experts from academia and think tanks to discuss the most pressing economic challenges of today. Future is Blue is promoted by Funcas.
Today we take a bit of a step back and reflect on key developments that have impacted European public finances in the last couple of years. In a short period of time, the EU had to cope with an unthinkable pandemic shock and a war in Ukraine with enormous energy and economic consequences. What is the impact on today's European public finances?
In our new podcast episode, Raymond Torres, Funcas Europe Director, shares key insights about this critical subject in a conversation with our host, Carlos Carnicero Urabayen.
Don't miss our weekly readings at the bottom of this newsletter.
New podcast episode available!
In today's Future is Blue podcast episode we cover the following topics:
- The situation regarding public deficits and debt after the pandemic, the Ukraine war and the energy crisis
- To what extent are these imbalances sustainable?
- What does this suggest regarding the reform of EU fiscal rules?
- What are the policy implications for member countries and the EU as a whole?
- How is all this connected to the budget crisis that Germany is having over the last few days….
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What we are reading
COP28: key issues at stake and indicators of success
COP28 must convey the importance to governments of better integrating climate considerations into financial decision-making.
How to increase Europe’s competitiveness in the new global economy
How Europe manages this period will determine whether future generations can enjoy prosperous, productive and creative lives.
The OpenAI soap shows the need for Europe-based AI alternatives
Power struggle demonstrates hyper-reliance of best-known US start-ups on Big Tech
Why house prices have risen once again
Across the rich world, they have brushed off higher rates. Can that last?
Have a nice weekend
Raymond Torres
Funcas Europe Director