Shane Fitzgerald

A portfolio of writing on politics and policy in Europe and Asia

Tag: Eurozone

Record High for Eurozone Unemployment

Yesterday, the IIEA published the latest in our series of infographics on European economic issues, this time devoted to the crucial and under-reported issue of EU unemployment.

Today, Eurostat published its latest ‘Euroindicator‘ on unemployment, showing further increases in the EU27 joblessness rate from 9.7% to 9.8% and in the euro area rate from 10.2% to 10.3%.

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Europe’s New Sovereign Default Regime

Trinity College Dublin’s Institute for International Integration Studies and its Policy Institute jointly hosted a seminar yesterday on the European sovereign debt crisis. Chaired by Prof. Philip R. Lane, the seminar heard from a host of leading international experts.

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Euro Crisis Comment Roundup III

This post rounds up some interesting reports and analyses of the European economy and the Eurozone crisis that have been published in the last week or two.

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The Reform of Financial Supervision in Europe

In responding to the financial crisis, the EU has proposed both new regulations and new supervisory arrangements. It is also reviewing and amending an existing suite of financial services legislation.

The focus of this paper is the European Commission’s proposals in the area of supervisory reform. It begins with a discussion of the supervision function and the status quo before the financial crisis, before proceeding with a short summary of a report that effectively laid the basis for the EU’s supervisory response to the crisis. It then tracks the policymaking process as it unfolded in 2009 and evaluates the package of draft legislation as it stands now, in late 2009, adopted by the Commission and being negotiated under the co-decision procedure between the European Parliament, Council and Commission. Finally, it considers some issues relating to the establishment and operation of the bodies proposed in the draft legislation and offers some preliminary observations.

It is available for direct download here.