Will the European banking union arrive in time?
A European resolution fund for banks can lead to a breakthrough for the current stalemate. Cutting the link between the sovereign debt problem and the banking issue should be a priority.
Prosperity
Itinera gaat voor een samenleving waar het aangenaam is om te leven, waar frisse, ambitieuze ideeën de kans krijgen uit te groeien tot duurzame ondernemingen, waar onderwijs jongeren klaarstoomt en zin geeft, en waar innovaties transformeren in succesvolle producten in een economie die blijft bloeien.
Greece: an unjust adjustment?
First there is a need for a better timing of the austerity and more forcefull reforms. Next the international Diktat has to gain approval of the population who is conscious of the injustices and knows the status quo is not an option.
VAT Service without files
If we want to increase the performance of government services, more is needed than just the introduction of new systems of information treatment. Too often one limits oneself to just automating existing paper-based processes.
Duality in Europe
In order to enable sufficient investments, one can reintroduce the old technique of an ordinary and extraordinary budget. Together with a minimum percentage of investments in the total expenditure in the budget rule book.
Trust as essential component of the economy
Analysis shows trust to be an essential component for economic prosperity. Human built institutions enable us to maintain intensive cooperation that are of the essence for our society. Labour specialization, the accumulation of knowledge and the sharing of risks are all key to this.
Pessimism not needed
Marc De Vos nuances the new doomsday-scenario from the Club of Rome. No one can know how the world will look in 2052. But it is much more likely to be much better than worse.
Austerity or growth: a law of nature or a question of choice?
Marc De Vos recognizes the need to counter the effects of necessary austerity measures, but warns that a period of limited growth is as good as unavoidable. Stringent budgetary targets are necessary to make growth durable again.
Currency union needs macroprudential policy
Policy makers need to bury the Greenspan doctrine that says it would be impossible to identify bubbles and one can only clean up after bubbles burst. The currency union needs macroprudential policy to fight excesses.
