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    NEWS & VIEWS    


Greek Default and the Politics of 'Reasonableness'


May 19, 2015

Erik Jones Director of European and Eurasian Studies and Professor of European Studies and International Political Economy; Director of the Bologna Institute for Policy Research

Jones argues that the real issue that connects or disconnects a Greek government default and the exit of Greece from the single currency is not the existence of a plan of action; it is the 'reasonableness' of European policymakers and politicians to do whatever it takes to keep Greece inside the euro. Nevertheless, Europe's central bankers will have to face the political consequences of their actions. What is unclear is whether those political consequences will do more damage to the single currency than the exit of Greece from the euro.


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ASEAN Economic Cooperation and Integration


May 14, 2015

Michael G. Plummer Director, SAIS Europe
Eni Professor of International Economics


This book investigates the economics of various ASEAN and ASEAN-centric economic integration initiatives, focusing in particular on the ASEAN Economic Community (AEC). In addition to assessing the potential effects of the AEC on the economies of the ten ASEAN member states via changes in trade, foreign direct investment and economic structure, this book underscores the implementation challenges ASEAN faces as it completes the AEC project.


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Greek Default Doesn't Spell Grexit, Renzi Adviser Says


May 13, 2015

Filippo Taddei Assistant Professor of Economics

JHU Assistant Professor of Economics and Head Economic Advisor to the Italian Democratic Party Filippo Taddei stated that "Greece will remain in the euro even if it fails to meet a debt payment". Taddei's comments are the strongest public indication yet that Greece's euro-area creditors are preparing a plan in case Prime Minister Alexis Tsipras's government is unable to meet a payment on its outstanding debt.


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La Carta di Milano e il diritto al cibo (in Italian)


May 8, 2015

Marco Gestri Adjunct Professor of International Law

Professor Marco Gestri discusses the "Carta di Milano", a document that aims to leave its mark on history following the World Expo of Milan, underway since 1 May. Gestri explains that although this statement - which promotes the universal right to food - is not an international treaty, we should not discount the political and moral value of the initiative. He believes however that the current text should have used more decisive language and included references to its many predecessors with a similar mission, including documents produced by the Food and Agriculture Organization of the UN.


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Elezioni, Cameron riconquista la Gran Bretagna


May 8, 2015

Justin Frosini Adjunct Professor of Constitutional Law

Professor Justin Frosini conducts a live interview with Italian news channel Sky TG24 to discuss the outcome of the UK elections. Frosini is not surprised by the Conservative Party's victory and comments on the effectiveness of Cameron's campaign messaging. He emphasizes that while Labour lost 40 seats to the Scottish National Party, Nigel Farrage's UK Independence Party did not take a single seat from the Conservatives. He also notes that it is the monarchy that holds the UK together, a certainty that was questioned by no one, not even the SNP.


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Economic chaos awaits Britain


May 7, 2015

Erik Jones Director of European and Eurasian Studies and Professor of European Studies and International Political Economy; Director of the Bologna Institute for Policy Research

The political outcome of today's elections is highly uncertain; the economic outcome is not. Britain is headed into a very close contest and British macroeconomic performance will suffer as a consequence. Jones also notes as an international observer that Britain's relationship with Europe will change no matter who comes into power.


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UK Electoral Economics: a One-Way Bet


May 5, 2015

Erik Jones Director of European and Eurasian Studies and Professor of European Studies and International Political Economy; Director of the Bologna Institute for Policy Research

The UK is facing big problems in terms of its economic structure, public finances, and savings-investment balance. Unfortunately, the major parties show little interest in addressing these concerns. Instead they have focused the campaign broadly on questions of 'economic competence' and narrowly on specific sectors of public services, like health care and education.


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The U.S.-China Disconnect on Trade Deals


May 4, 2015

Michael G. Plummer Director, SAIS Europe
Eni Professor of International Economics


Research by SAIS Europe Director Michael G. Plummer and co-authors Peter Petri and Fan Zhai is used to illustrate key differences in how the U.S. and China approach trade expansion. A graph excepted from their work shows the strength of provisions each country would seek in new trade deals.


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Regionalism can help multilateralism


April 22, 2015

Michael G. Plummer Director, SAIS Europe
Eni Professor of International Economics


SAIS Europe Director Michael G. Plummer comments on a recent debate organized by the Central Bank Governor of Malaysia. He highlights the benevolent side-effects from regional trade accords and invites policymakers who are negotiating regional agreements to never lose sight of the ultimate prize: a truly global marketplace. The Official Monetary and Financial Institutions Forum (OMFIF) is an independent research and advisory group and a platform for exchanges of views between official institutions and private sector counterparties.


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The Politics of Conviction and Conviction as Policy


April 20, 2015

Erik Jones Director of European and Eurasian Studies and Professor of European Studies and International Political Economy; Director of the Bologna Institute for Policy Research

Jones comments on the recent remarks of German Finance Minister Wolfgang Schäuble and Greek Finance Minister Yanis Varoufakis at the Brookings Institution. He is not convinced by their assertion that the latest setbacks in negotiations are a reflection of normal' European politics. Jones analyzes their presentations in the framework of two notions: the politics of conviction and conviction as policy.


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