Europeans face a fourfold crisis: a sovereign debt crisis, a banking crisis, a competitiveness crisis and a crisis of governance. CEPII's first Policy Paper highlight the key issues that need to be addressed for a comprehensive solution to be found.

In December 2011, the ‘six pack’ introduced a new surveillance procedure of macroeconomic imbalances at the European level. However, the ten indicators used for the early warning of imbalances do not seem much more relevant than the simple indicator of the current account balance.

The Eurozone is facing three intertwined and mutually reinforcing crises: a sovereign debt glut, banks’ financial fragility and dampened growth prospects. Further fiscal and political integration seems to be the only way to address these issues.

In a previous post, the CEPII presented its World Growth Projections to 2050. This article focuses on two themes that were not addressed yet: Education and Female Participation to the Labor Force.

Agnès Bénassy-Quéré, CEPII's Director, introduces the Blog du CEPII.

The CEPII recently revisited its projections for the world economy in 2050. The great shift in economic power to the emerging countries seems to be accelerating. By 2050, China would represent one-third of the world economy, more than the European Union, the United States, India and Japan all together.

With the survival of the euro area at stake, and the reform of the international monetary system no longer a priority of the G20 presidency, it may seem strange to call for an increased international role of the euro.