Intereconomics - Review of European Economic Policy 50 years Intereconomics
Twitter   Twitter

Newsletter – Volume 52,
September/October 2017

The latest Intereconomics issue features a special Forum of papers on the integration of migrants into European labour markets. Research on this topic has grown over decades of migration waves, and our authors use this history to inform their studies on the current state of affairs. Our Editorial discusses the chill that Brexit has cast on the freedom of movement throughout the European Union, perhaps the key issue that led to the UK's vote to leave. Elsewhere, this issue's diverse articles cover the possibility of euro area sovereign-backed securities, a theoretical discussion on the political limits of economic integration and the explanations for why the adjustment programmes failed to truly help Greece out of the crisis. Finally, this issue's Letter from America looks at the economic crisis of the beleaguered island of Puerto Rico.

Please follow us on Twitter at @intereconomics_ for updates, events and interesting economic findings.

Featured Topic

Integration of Immigrants in European Labour Markets

The European refugee crisis of 2015 has led to a renewed surge of research into how to integrate refugees – as well as family and labour migrants – into European societies and in particular into EU labour markets. Why do immigrants integrate better in some countries than others? Which skills have proven to be most essential for their successful integration, and what tools are available to countries to foster this integration? This Forum seeks answers to these questions, using country case studies, a review of social integration measures and an analysis of Bosnian refugee integration efforts from the 1990s.

Additional Highlights from the Current Issue

The Puerto Rican Saga

Well before Hurricane Maria ravaged the island, Puerto Rico was already in dire financial straits. In this issue's Letter from America, Anne Krueger from Johns Hopkins University details Puerto Rico's economic stagnation and crippling debt and draws parallels to the situation in Greece. A key difference, however, is that Puerto Rico's economy is not merely in recession – it is shrinking.

The Fragility of Freedom of Movement

Intereconomics editor Cian Mulligan looks at the threat to freedom of movement caused by the Brexit vote last year. Advocates of the freedom view it as a fundamental part of the single market, while critics view it as unnecessary for the functioning of the European Union. Behind all this, 16 million people across the EU live in other member states and await clarification.

How Greece’s Systemic Weaknesses Limited the Effectiveness of the Adjustment Programmes

George Galanos, Angelos Kotios and Manolis Koutoulakis examine the main systemic weaknesses of the Greek economy – structural, institutional and political – and conclude that the economic policy mix that has been implemented through the adjustment programmes focused mainly on treating the symptoms of the crisis instead of decisively dealing with its deeper causes.


From the Next Issue

Forum: The Platform Economy in Europe

with articles by John Zysman, Martin Kenney, Justus Haucap, Mark Graham & more

Are Germany’s Hartz IV Reforms the Solution to Eurozone Unemployment Problems?

by Peter Bofinger

Virtual Currencies and the Future of Financial Services

by Volker Brühl


Quote of the Month

As far as investors are concerned, the biggest problem of the Greek economy is policy instability, followed by high tax rates and an inefficient government bureaucracy. It should be noted that the first two problematic factors did not exist prior to the crisis.

from George Galanos, Angelos Kotios and Manolis Koutoulakis's article How Greece’s Systemic Weaknesses Limited the Effectiveness of the Adjustment Programmes


About Intereconomics – Review of European Economic Policy

Intereconomics is jointly produced by ZBW – Leibniz Information Centre for Economics and the Centre for European Policy Studies (CEPS). The journal appears bimonthly and features papers by economists that deal with economic and social policy issues and trends in Europe or affecting Europe. To submit a paper for publication, please visit the Submissions section of our website for relevant information.

Intereconomics is published by Springer-Verlag Berlin Heidelberg.

Newsletter Subscription

To unsubscribe from the newsletter, please visit the following web page, enter your email address, and click "unsubscribe":

To change your email address, please unsubscribe as explained above and then resubscribe using your new address.

Editorial Office

ZBW – Leibniz Information Centre for Economics
Neuer Jungfernstieg 21
20354 Hamburg, Germany

Phone: +49 (0)40 42834-306/307
Fax: +49 (0)40 42834-262


Centre for European Policy Studies (CEPS)
Place du Congrès 1
1000 Brussels, Belgium

Phone: +32 (0)2 229 39 11
Fax: +32 (0)2 219 41 51