Volume 47
July/August 2012 · Number 4

Editorial

• The Spanish Financial Sector: Where We Came From, Where Are We Going?

  Raquel Marbán-Flores

Forum

• The Welfare State After the Great Recession

  Torben M. Andersen, Gaetano Basso, Christophe Degryse, Mathias Dolls, Werner Eichhorst, Anton C. Hemerijck, Thomas Leoni, Andreas Peichl, Philippe Pochet, Peter Taylor-Gooby, Frank Vandenbroucke

Articles

• The European Redemption Pact: Implementation and Macroeconomic Effects

  Hasan Doluca, Malte Hübner, Dominik Rumpf, Benjamin Weigert

• A Modest Proposal for Resolving the Eurozone Crisis

  Stuart Holland, Yanis Varoufakis

• Europe Needs a Dynamic International Investment Regime with China

  Brigid Gavin

Economic Trends

• Bilateral Current Account Rebalancing in the EMU: The Link Between Germany and the Eurozone Peripherals

  Georg Dettmann, Jochen Möbert, Christian Weistroffer