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Baverez, Nicolas
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4 articles of this author have been cited in the European Press Review so far.
Italy paves Europe's way out of crisis
The yield on ten-year Italian bonds dropped on Wednesday to levels not seen since October 2011. Investors seem to have gained renewed confidence in Italy, making the country a model for how to save Europe, writes the weekly magazine Le Point: "The Super Mario duo - Monti and Draghi - has undertaken to transform Italy and the Eurozone. ... Italy is paving the way for reforming the Southern European model of credit-based growth and the Eurozone's institutions. Mario Monti's shock therapy has dissipated doubts as to whether the Mediterranean countries can transform their economic model and achieve more production, investment and innovation. Mario Draghi's monetary policy reconciles the need for austerity measures and debt reduction on the one hand and growth on the other. The two Marios remind us that there is still room for manoeuvre. The debt and euro crisis is the result of antiquated economic models and institutions which the Europeans must now transform."
» full article (external link, French)
More from the press review on the subject » EU Policy, » Domestic Policy, » Fiscal Policy, » Italy, » Europe
Nicolas Baverez on supranational solutions to the debt crisis
The governments in Europe, the US and Japan have proved unable to curb their colossal public debts. Proof enough that national state policies have failed, writes business expert and historian Nicolas Baverez in the left-liberal daily Le Monde. Only supra-national bodies like the European Union can manage the risks of the 21st century, Baverez argues: "The state is losing its monopoly on risk management. The thing is not just to repair but to anticipate. It's not enough to intervene, the time has come to guarantee the sustainability of political action. The state must take on more responsibility and coordinate the economic and social actors while transferring certain competences to the international level. ... Europe must tell the truth about the duration of the crisis, the end of growth on credit and the false principles that led to the creation of the euro. ... Europe can no longer act as the scapegoat of the national governments' powerlessness. It must be rethought, accepted and firmly anchored in the public mind as a manager of systematic risk."
» full article (external link, French)
More from the press review on the subject » International Relations, » Domestic Policy, » Fiscal Policy, » Europe, » Global
Nicolas Baverez on Europe's disappearing unity
The French economist and historian Nicolas Baverez questions the unity of the EU in the daily Le Monde, fearing that the member states are slowly drifting apart: "Not only has Europe systematically done too little too late since the beginning of the Greek crisis in October 2009, it has also not stopped drifting apart and contradicting itself regarding the rescue plan for Athens and what Athens should do in return, as well as on the role of the IMF. ... The latest manifestation of this cacophony concerns the way countries have outbid each other to introduce austerity measures under the combined pressure of the markets and Germany. ... Europe is not about to implode or go bankrupt, even if its leaders or its people are too faint-hearted to carry out the necessary reforms at the national and European levels. But it will have to be bailed out by the United States and Asia at the price of becoming an economic protectorate."
» full article (external link, French)
More from the press review on the subject » EU Policy, » Fiscal Policy, » Germany, » Greece, » Europe
A new EU agricultural policy?
Historian and economist Nicolas Baverez writes that "Europe is on the front lines in the [world food] crisis. Malthusianism, subsidies and protections are the three teats on which our agriculture feeds. As a report on the health of the Common Agricultural Policy (CAP) is in the works, it's urgent to bring the 3.5 million hectares that were set aside back into production. We must rethink agriculture in terms of economic production and not as maintenance of the countryside; it's necessary to dismantle the export subsidies that create considerable price distortions negatively impacting emerging countries. Reinforcing the communitarian preference makes no sense at a time when market prices are at their highest. On the other hand, a real priority should be a harmonisation of standards - notably in health - in the world market."
» full article (external link, French)
More from the press review on the subject » Agriculture, » Global
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