Category: Vivien Schmidt

Discredited economic theory holds Europe in deflationary thrall

Chicago Tribune Vivien Schmidt, College of Arts & Sciences This week the notorious “troika” representing the three major lenders to severely indebted European Union nations — officials from the IMF, the European Commission and the European Central Bank — once again descended upon Athens to consider new Greek proposals for dealing with its debt… View […]

EU to change how it calculates deficit figures, likely easing pressure for austerity

Associated Press Vivien Schmidt, College of Arts & Sciences European Union finance experts have reached a preliminary agreement on changing the way the bloc determines some deficit figures, which will lessen the pressure for austerity measures in some crisis-hit economies, an EU official said Thursday… Expert quote: “Easing austerity through change to EU budget policy […]

EU Austerity Measures: Why The Nobel Peace Prize Matters

WBUR “Cognoscenti” By Vivien Schmidt, College of Arts & Sciences and Cornel Ban, College of Arts & Sciences In receiving the Nobel Peace Prize, the leaders of the European Union should not only take a moment to feel justifiable pride in the recognition of the EU’s past accomplishments, but they should also take a moment […]