Intereconomics Magazine

Intereconomics serves as a forum for discussions on economic and social policies across Europe. This journal is produced by ZBW – Leibniz Information Centre for Economics and CEPS – Centre for European Policy Studies. With a history of more than 50 years in publishing focused on economic policy (previously under the Hamburg Institute of International Economics – HWWA until 2006), Intereconomics ensures editorial excellence through an academic advisory board. The editorial team at Intereconomics collaborates closely with the editorial board of its sister journal, Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik, which is published in German.

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The European Union’s Geopolitical Ambitions: Enlargement, Neighbourhood and Necessary Institutional Changes

Oct 15, 2024 | intereconomics.eu | Marek Dabrowski

Five years ago, European Commission’s President-elect Ursula von der Leyen declared in her address to the European Parliament the ambitious goal to have a geopolitical Commission and geopolitical European Union.1 Despite repeating this declaration several times, it remained far from fulfilled.
Trade at the Heart of the EU’s Economic Security

Oct 4, 2024 | intereconomics.eu | Maria Demertzis

The Russian invasion of Ukraine exposed the EU’s economic vulnerabilities: excessive energy dependence on an unreliable partner and an unbalanced reliance on exports instead of domestic consumption and investments. Economic security became the number one priority and revealed two urgent needs: for greater diversification and for greater reliance on own domestic economic production.
Are the European Commission’s Plans on Financial Services What the EU Needs?

Sep 16, 2024 | intereconomics.eu | Judith Arnal |Apostolos Thomadakis

The Draghi report has underscored the need for an additional €800 billion in annual investments from 2025 to 2030 in order to maintain the EU’s global competitiveness. This ambitious target represents about 5% of the EU’s GDP, far surpassing the 2% of GDP investments mobilised under the Marshall Plan from 1948 to 1951.
Organizing for Victory...or Self- Deterrence?

Aug 1, 2024 | intereconomics.eu | Ben R. Hodges

The recent North Atlantic Treaty Organization (NATO) Summit in Washington D.C. was a commemoration of the 75th anniversary of the signing of the Washington Treaty that created the alliance. NATO is the oldest and most successful alliance in history – never perfect – but always successful in achieving its purpose of collective defense of all of its members.
Europe’s Cognitive Dissonance

May 31, 2024 | intereconomics.eu | Fabian Zuleeg

The world has entered an age of permapolycrisis, where numerous interrelated crises and transformations occur simultaneously and severely block the resolution of common global challenges. Climate change continues to pose an existential threat to humanity, and war is back as an instrument of politics, with even the risk of thermonuclear apocalypse back in the realm of the possible.
Party Political Contestation over Macroeconomic Policy after Next Generation EU: Throwing Away Their Shot?

Mar 22, 2024 | intereconomics.eu | Simon Otjes

The self-styled “geopolitical Commission” under Ursula von der Leyen oversaw two major changes in European economic policy (Sánchez Nicolás, 2024a): on the one hand, there was the Green New Deal, an extensive regulatory agenda. On the other hand, there was the NextGenerationEU (NGEU) investment package. In the middle of the economic crisis due to the lockdowns to contain COVID-19, the European Commission took on debt to aid the economic recovery for affected regions.
The Challenges of Defence Spending in Europe

Feb 28, 2024 | intereconomics.eu | Daniel Fiott

There can be no doubt that Russia’s war on Ukraine has led to a sea change in the way that Europeans view defence. For more than three decades, European states have neglected their defence. This is not to say that they were militarily inactive, as the European Union (EU) in particular embarked on a series of crisis management operations over this thirty-year period.
Sanctions and the Exchange Rate

Feb 16, 2024 | intereconomics.eu | Oleg Itskhoki |Dmitry Mukhin

Forum Volume 57, 2022 · Number 3 · JEL: F31, F41, F51 A record number of economic sanctions have been imposed on the Russian economy since the invasion of Ukraine in February 2022. Given that it might take months and even years for these restrictions to take a toll on the economy, many commentators and policymakers attempt to infer the effects of sanctions from the short-term dynamics of the rouble exchange rate.
While Europe’s Geoeconomic Strategy Solidifies, Blind Spots Remain

Feb 11, 2024 | intereconomics.eu | Guntram B. Wolff

Over the past few years, the European Union has responded to increasing threats to its economic security. It has moved beyond the previous consensus that the EU is an economic power to become a player that is less naïve and has the tools to deal with economic coercion, foreign investments in critical infrastructure and resource dependencies.
Farmer Protests and the 2024 European Parliament Elections

Feb 1, 2024 | intereconomics.eu | Alan Matthews

Forum Volume 59, 2024 · Number 2 · pp. 83–87 · JEL: F13, Q18, Q58 Farmer protests in various cities around Europe have captured headlines in the early months of 2024.