Press

Politicians slash public goodies

28 December 2011
The Washington Times
"Austerity is now part of the problem, not the solution," said Simon Tilford of the CER. "Investors are looking at eurozone economies and thinking, ‘How are they going to grow? How are they going to service their debt?’ Uncoordinated and excessive fiscal austerity is further weakening their growth prospects."

Crisis gatecrashes 10th birthday of euro

Philip Whyte
27 December 2011
Ekathimerini
”Everything seemed to be going along just nicely until the financial crisis came along and shone the spotlight on the institutional shortcomings of the eurozone,” said Philip Whyte of the CER... The low interest rates that monetary union brought with it for southern Europe led governments, businesses and households to take on increasingly unmanageable burdens of debt and everyone, including the northern states, underestimated the dangers, Whyte said.

Germany faces recession risk as crisis hits confidence

21 December 2011
Reuters
"Germany won't be able to rely on exports to drive growth and business investment will only hold up if there is a recovery in domestic demand," said Simon Tilford, chief economist at the CER in London.

Germany faces recession risk as crisis hits confidence

21 December 2011
Reuters
"Germany won't be able to rely on exports to drive growth and business investment will only hold up if there is a recovery in domestic demand," said Simon Tilford, chief economist at the CER in London.

Making EU allies

20 December 2011
The Times
The Government should seek to protect the City, but went about it the wrong way at the Brussels summit.Sir, Camilla Cavendish's article on the City and the EU (“France defends farmers: we must save the City”, Dec 15) contains much common sense.

Schengen's 'black swan' moment?

19 December 2011
E!Sharp
Europe's leaders are - understandably - focused on the euro crisis, pretty much to the exclusion of all else. But policy-makers should beware another calamity in 2012: a possible breakdown of the EU's Schengen zone of passport-free travel. Undoubtedly, these two troubled flagships of European integration share parallels. For a...

Why Ireland should ratify any eurozone treaty early

18 December 2011
The Sunday Business Post
EU officials are putting the final touches to the first draft of a 'fiscal stability' treaty to be ratified by eurozone countries by the end of 2012. The treaty - which commits each euro government to run balanced budgets in perpetuity -  will be one of the oddest ever signed...

What have the Eurocrats ever done for us?

18 December 2011
The Sunday Times
Simon Tilford, chief economist at the CER, a broadly pro-Europe think-tank, said: "In areas where the EU has no role, Britain is a highly regulated place. We cannot blame that on the EU." He cites Britain’s poor infrastructure, for example, as a more serious obstacle to growth.

Britain and France: Seasonal greetings

16 December 2011
The Guardian
As Simon Tilford of the CER argues, the fiscal compact agreed in Brussels and about which a draft version circulated yesterday hard-wires pro-cyclical, fiscal austerity into the institutional framework of the eurozone.

Das Eigentor

16 December 2011
Die Zeit
Auch Simon Tilford, glaubt, dass Cameron die City unnötigerweise isoliert hat. »Gerade weil London von der Transaktionssteuer mehr betroffen gewesen wäre als alle anderen Finanzplätze, ist es unwahrscheinlich, dass Deutschland und Frankreich sie jemals durchgesetzt hätten«, sagt er.

EU foreign policy must not become a casualty of the euro crisis

16 December 2011
EU Observer
Dear EU leaders,

We are seriously concerned about the impact that the current eurozone debt crisis is having on the external relations of the Union.
The first casualty is the time available for foreign policy. We recognise and support your efforts to overcome the current crisis but it is...

David Cameron has left the City more, not less, vulnerable to EU law

Philip Whyte
14 December 2011
The Guardian
There are many puzzles about the British government's tactics at last week's EU summit. One is why it chose to identify the City of London as the "vital national interest" that needed special protection. The City, after all, is the most unpopular "national champion" that the UK possesses. It accounts...

Who wins from David Cameron's veto - Britain or the EU?

Tomas Valasek
14 December 2011
Public Service Europe
Director of foreign policy and defence at the CER Tomas Valasek points out that "Britain has become toxic by association" in Europe, meaning that "ideas which it sponsors will be resisted on principle, not on merit ... The UK veto played into Sarkozy's hands and cemented the dominant role of Germany and France in the new fiscal union, to the alarm of the central Europeans. Britain's actions have also shifted power in the EU from small to big states. The inner core will continue to shrink.

UK-EU bustup: the price for CEE

Tomas Valasek
14 December 2011
The Economist
Tomas Valasek of the Centre for European Reform has written an excellent and gloomy analysis of the wider damage caused by David Cameron's botched negotiations. One point is that Britain's likely absence from European economic decision-making will tilt the balance towards French etatism. Another is that small countries will be eezed by big ones when decisions are made on an intergovernmental basis, rather than through EU institutions. Many from the EU-10 think that they are not welcome (at least from a French point of view) in the real core of Europe.

Ireland warns of damage from British EU opt-out

14 December 2011
Reuters
"Diplomatically speaking, we're in a much poorer position because Britain is not in the room," said Hugo Brady, of the CER. "They were quite willing and quite happy to be the difficult partner so you could hide behind them in diplomatic negotiations ...

Eurozone debate divides government

Philip Whyte
14 December 2011
The Prague Post
"My view is a little bit more cynical," said Philip Whyte, a senior fellow at the CER. "What does the deal really mean? It means tighter policy coordination and the application of fiscal rules throughout the eurozone.

La City s'inquiète après le veto de Cameron

13 December 2011
Le Figaro
"Cette position va considérablement compliquer la tâche du gouvernement, estime Simon Tilford, économiste au CER. Ayant perdu la confiance de ses partenaires européens, Londres va avoir plus de mal à résister à toute législation menaçant la City."

West meets east

13 December 2011
Financial Times
Charles Grant of the CER, suggests that France and Germany may decide to pursue deeper fiscal integration in the eurozone via a new treaty that would include current members and aspiring "pre-ins". "Although Europe is facing this new division between the euro countries and the non-euro countries, which is important, a large number of the central European countries should be on the integration side of that division ... But those countries will have to accept the Germanic view of the world in terms of fiscal discipline and austerity."...

La place du Royaume-Uni en Europe est fragilisée

13 December 2011
La Croix
"La Suède, la Pologne, le Danemark ou encore les Pays-Bas se sentent trahis", explique Charles Grant, directeur du Centre for European Reform.

Europe gets austerity, but with few signs of growth

13 December 2011
NPR
"Fiscal austerity in the eurozone has now become part of the crisis rather than a solution to it," says economist Simon Tilford. The debt burden of troubled eurozone countries is growing faster than their economies. "So this is the absolute worst of all worlds: fiscal austerity, contracting economies and a dramatic increase in the burden of the debt relative to the size of the economy ...

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