Volume 47
January/February 2012 · Number 1

Editorial

• The True Significance of the EFSF Downgrade

  Jörg Rocholl

Forum

• Challenges Facing European Labour Markets: Is a Skill Upgrade the Appropriate Instrument?

  Ilias Livanos, Ilaria Maselli, Imanol Núñez, W. Craig Riddell, Stefano Scarpetta, Xueda Song, Anne Sonnet

Articles

• A Challenge for the G20: Global Debt Brakes and Transnational Fiscal Supervisory Councils

  Mathias Dolls, Andreas Peichl, Klaus F. Zimmermann

• The Trilemma of a Monetary Union: Another Impossible Trinity

  Hanno Beck, Aloys Prinz

• Economic Sentiment Shocks and Fluctuations in Economic Activity in the Euro Area and the USA

  Marcus Kappler, Bas van Aarle

• A Mediterranean Agreement for Tuna Conservation: The Political Benefit of an International ITQ Scheme

  Julien Hanoteau

Economic Trends

• Debt Developments and Fiscal Adjustment in the EU

  Gianluca Cafiso