Commentary
Uri Dadush
{
"authors": [
"Uri Dadush"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [
"Western Europe",
"United Kingdom",
"France",
"Germany",
"North America"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
The Future of Europe and the Euro
As the Euro crisis continues to play out in Greece, troubled economies in Europe face years of slow growth and deflation unless European Union leaders overhaul fiscal and monetary policy.
By Uri Dadush
Published on Mar 8, 2010
Source: Bloomberg News
Uri Dadush explains that Greece, Spain, Ireland, Italy, and Portugal face a “severe risk of prolonged depression.” Although fiscal policy adjustments will help the situation, “one part of the solution is to have more expansionary monetary policy” in other European nations. In order to restore competitiveness, troubled economies must reduce their real wages, but they also “need some growth in nominal GDP in order to deal with their rising debt burdens.” Regardless of any policy changes, however, Europe will likely see "slower growth...for several years."
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
- The Labors of Tsipras
- Greece, Complacency, and the EuroIn The Media
Uri Dadush
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Russia Eurasia Center
- Does Russia Have Enough Soldiers to Keep Waging War Against Ukraine?Commentary
The Russian army is not currently struggling to recruit new contract soldiers, though the number of people willing to go to war for money is dwindling.
Dmitry Kuznets
- Including Russia on the EU Financial Blacklist Will Hurt Ordinary People, Not the KremlinCommentary
The paradox of the European Commission’s decision is that the main victims will not be those it formally targets. Major Russian businesses associated with the Putin regime have long adapted to sanctions with the help of complex schemes involving third countries, offshore companies, and nonpublic entities.
Alexandra Prokopenko
- Why Didn’t the Ukraine War Turn Russia’s Ruling Class Against Putin?Commentary
A new book by Alexandra Prokopenko looks at why the Russian ruling class became the regime’s willing servants—and how they might fare in a post-Putin world.
Vladislav Gorin
- Collateral Damage: The Frozen Foreign Assets of Middle-Class RussiansCommentary
The volume of frozen private assets might seem insignificant compared with Russia’s sovereign reserves, but these are the savings of millions of people who believed that foreign securities were a safe investment and in the institution of private property.
Yulia Starostina
- The Kremlin Has Weaponized Western Financial Checks to Punish Russian DissidentsCommentary
International compliance and anti-money laundering standards are currently formulated in such a way that the Western financial system does not differentiate between Russian political prisoners and ISIS militants.
Alexandra Prokopenko
