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19581. Do Germans support the euro?

Author:
Daniel Gros and Felix Roth
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper analyses public support for the euro in Germany. Drawing from the results of regular Eurobarometer surveys, it finds that the ongoing financial and sovereign debt crisis has reduced support for the euro among German citizens, but not dramatically so – at least not yet. In the 1990s, the German public was sceptical towards the euro. But since the introduction of euro banknotes and coins, a clear majority of citizens supports the euro – despite the financial and sovereign debt crisis. Moreover, on average, support for the euro is at a similar level in Germany as it is elsewhere in the euro area.
Topic:
Economics, Regional Cooperation, Monetary Policy, and Financial Crisis
Political Geography:
Europe and Germany

19582. The Enduring Popularity of the Euro throughout the Crisis

Author:
Felix Roth, Felicitas Nowak-Lehmann D., and Lars Jonung
Publication Date:
11-2011
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper analyses the evolution of public support for the euro from 1990 to 2011, using a popularity function approach, focusing on the most recent period of the financial and sovereign debt crisis. Exploring a huge database of close to half a million observations covering the 12 original euro area member countries, we find that the ongoing crisis has only marginally reduced citizens' support for the euro – at least so far. This result is in stark contrast to the sharp fall in public trust in the European Central Bank. We conclude that the crisis has hardly dented popular support for the euro while the central bank supplying the single currency has lost sharply in public trust. Thus, the euro appears to have established a credibility of its own – separate from the institutional framework behind the euro.
Topic:
Economics, Regional Cooperation, and Financial Crisis
Political Geography:
Europe

19583. Education Policy and Welfare Regimes in OECD Countries: Social Stratification and Equal Opportunity in Education

Author:
Anna-Elisabeth Thum, Miroslav Beblavý, and Marcela Veselkova
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
In this Working Document we look at which OECD countries deliberately attempt to reproduce social stratification through educational policies, and which countries put greater emphasis on intervening in the stratification process. First, we examine the relationship between education and welfare policies as measures of intervention in this process: do countries intervene in both education and welfare – driven by a 'stratification culture'? Or is there a trade-off between intervention in education and welfare, with certain countries prioritising one over the other?
Topic:
Economics, Education, Poverty, and Social Stratification

19584. Social Partnerships and Development: Implications for the Caribbean

Author:
Indianna D. Minto-Coy
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The effects of the ongoing global financial crisis have intensified the existing economic issues facing the Commonwealth Caribbean, including declining investment, productivity levels and employment opportunities for its citizens. Although the current crisis presents challenges for governments in the region, it also offers an opportunity for these countries to implement innovative solutions to contend with the short-term effects of the financial crisis, while addressing long-standing problems. A solution that has been successful in Botswana, Ireland and Barbados, is the use of social partnerships. Undertaken while these countries were facing economic and social crises, social partnership as a specific governance model allowed them to achieve levels of development and stability that other states yearn to attain.
Topic:
Development, Economics, Labor Issues, Foreign Direct Investment, Financial Crisis, and Governance
Political Geography:
Caribbean

19585. Fiscal Asymmetries and the Survival of the Euro Zone

Author:
Paul R. Masson
Publication Date:
12-2011
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
The independence of the European Central Bank (ECB), seemingly guaranteed by its statutes, is presently under attack. The ECB has been led to acquire large amounts of government debt of the weaker euro zone members, both to help contain their interest costs and to help protect the solvency of banks throughout the zone that hold their debt. This paper presents a model of a dependent central bank that internalizes the government's budget constraint. Using a Barro-Gordon framework, the model embodies both the desire to stimulate output and to provide monetary financing to governments. As a result of the inability to pre-commit to first-best policies, the central bank produces excess inflation — a tendency partially reduced in a monetary union. The model implies that not only shock asymmetries, but also fiscal asymmetries, are important in the membership calculus of desirable monetary unions. On the basis of this framework, calibrated to euro zone data, the current membership is shown not to be optimal: other members would benefit from the expulsion of several countries, notably Greece, Italy and France. A narrow monetary union centred around Germany is sometimes mooted as a preferable alternative, especially if it could guarantee central bank independence. However, simulation results suggest that such a narrow monetary union would not be in Germany's interest: though better than the euro zone with a dependent central bank, it would not internalize enough trade to make it more attractive than the resumption of monetary autonomy by Germany.
Topic:
Debt, Economics, Monetary Policy, and Governance
Political Geography:
Europe, Greece, France, Germany, and Italy

19586. Europe's declining role in the G-20: What role for the EU in the club of the most important powers?

Author:
Juha Jokela
Publication Date:
12-2011
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs
Abstract:
Europe and the EU have played an influential role in the development and decision-making of the Group of Twenty (G-20). Europe's influence in shaping the developments in the group and, more broadly, in global governance is, however, declining. The G-20 Summit in Cannes provided Europe with an opportunity to re-assert its leadership. Its aspirations were, however, overshadowed by internal divisions heightened by the deepening European sovereign debt crisis. Even prior to the current crisis, the increasing global competition and decrease in standing turned EU members inward-looking. Instead of a further Europeanization of foreign policy and external relations, many have observed a tendency to re-nationalize European policy-making. This tendency will make it increasingly difficult for Europe to secure its standing and adapt to the on going transition of the world's economic and political power. Europe should reinvigorate its commitment to a joint external action as a matter of priority. The key question for Europe is whether it will manage to Europeanize the G-20 and gear it towards the multilateral principles which lie at the heart of European integration; or whether we will see the opposite process, namely a 'G-ization' of the EU in the sense of major(European)powers dominating increasingly informal European and global decision-making. It is in Europe's interests to further institutionalize the G-20 and tie it to the formal multilateral architecture of the world economy and politics.
Topic:
Foreign Policy, Development, Economics, International Trade and Finance, and Governance
Political Geography:
Europe

19587. Governing the blue-green Baltic Sea: Societal challenges of marine eutrophication prevention

Author:
Mia Pihlajamäki and Nina Tynkkynen
Publication Date:
11-2011
Content Type:
Working Paper
Institution:
Finnish Institute of International Affairs
Abstract:
The PROBALT report identifies the challenges of Baltic Sea eutrophication governance and scrutinises past, ongoing and planned efforts to meet these challenges at the European Union and national levels, as well as within the Baltic Sea regional cooperation regime HELCOM. Considering that the Baltic Sea has been the focus of environmental management efforts for 40 years, it is surprising that in reality the ecological state of the Baltic Sea is not improving. This implies that protective efforts such as international and national policies and regulations, as well as their implementation, have not been effective enough.
Topic:
Environment, International Law, and Regional Cooperation
Political Geography:
Europe

19588. Sri Lanka: Women's Insecurity in the North and East

Publication Date:
12-2011
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
Women in Sri Lanka's predominantly Tamil-speaking north and east are facing a desperate lack of security in the aftermath of the long civil war. Today many still live in fear of violence from various sources. Those who fall victim to it have little means of redress. Women's economic security is precarious, and their physical mobility is limited. The heavily militarised and centralised control of the north and east – with almost exclusively male, Sinhalese security forces – raises particular problems for women there in terms of their safety, sense of security and ability to access assistance. They have little control over their lives and no reliable institutions to turn to. The government has mostly dismissed women's security issues and exacerbated fears, especially in the north and east. The international community has failed to appreciate and respond effectively to the challenges faced by women and girls in the former war zone. A concerted and immediate effort to empower and protect them is needed.
Topic:
Security, Economics, and Gender Issues
Political Geography:
South Asia and Sri Lanka

19589. Côte d\'Ivoire : poursuivre la convalescence

Publication Date:
12-2011
Content Type:
Policy Brief
Institution:
International Crisis Group
Abstract:
En dépit d\'une nette amélioration, la situation de la Côte d\'Ivoire reste fragile. Le transfèrement à La Haye de l\'ancien président Laurent Gbagbo inculpé par la Cour pénale internationale (CPI), douze jours seulement avant les élections législatives du 11 décembre 2011, a alourdi l\'atmosphère politique. Au lendemain de ces élections marquées par une très forte abstention, le pays est toujours exposé à de sérieuses menaces. La faiblesse et le déséquilibre de l\'appareil de sécurité et l\'exercice d\'une justice à deux vitesses confortent les extrémistes dans leurs convictions et constituent les deux principaux défis que le pouvoir doit relever dans les prochains mois. Si le vote s\'est déroulé dans le calme, la campagne qui l\'a précédé a été marquée par des incidents qui ont rappelé que la violence politique est toujours d\'actualité. L\'installation d\'une nouvelle Assemblée marque une nouvelle étape dans la normalisation, mais le pays n\'est pas pour autant sorti de l\'ornière.
Topic:
Security, Political Violence, Corruption, Government, and Law
Political Geography:
Africa

19590. Hybrid Threats and the Development of NATO´s New Operational Concept

Author:
Ján Spiák and Milan Kubea
Publication Date:
12-2011
Content Type:
Journal Article
Journal:
Obrana a strategie (Defence & Strategy)
Institution:
University of Defence
Abstract:
The article deals with aspects of the new emerging security challenges that military experts define as “hybrid threats”. They have arised from methods of insurgency and asymmetric warfare, and as a step-child of the 4th generation warfare constitute significant challenge for the Alliance and its global interests. Experience from current operations has demonstrated that these enemies can conduct hostile actions through broad array of conventional or non-conventional means, methods and procedures, having a favorable outcome even against the NATO force that is superior technologically and militarily. Cognition of the scale and complexity of these threats lead Alliance representatives to the development of an overarching operational concept for the NATO Military Contribution to Countering Hybrid Threats (MCCHT). This concept, still in draft, illustrates the unique challenges posed by current and future hybrid threats, and explains why these challenges may require NATO to adapt its strategy, structure and capabilities for the next twenty years.
Topic:
NATO