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The Eurozone: Piecemeal Approach to an Optimum Currency Area
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Handler, Heinz Working Paper The Eurozone: Piecemeal Approach to an Optimum Currency Area WIFO Working Papers, No. 446 Provided in Cooperation with: Austrian Institute of Economic Research (WIFO), Vienna Suggested Citation: Handler, Heinz (2013) : The Eurozone: Piecemeal Approach to an Optimum Currency Area, WIFO Working Papers, No. 446, Austrian Institute of Economic Research (WIFO), Vienna This Version is available at: http://hdl.handle.net/10419/128970 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG WORKING PAPERS The Eurozone: Piecemeal Approach to an Optimum Currency Area Heinz Handler 446/2013 The Eurozone: Piecemeal Approach to an Optimum Currency Area Heinz Handler WIFO Working Papers, No. -
(1202 Sq M) Ellesmere Port, Cheshire, Junction 10
Ellesmere Port, Cheshire, Junction 10 M53, CH2 4HY High quality office accommodation 1,545 sq ft (144 sq m) to 12,940 sq ft (1202 sq m) Enter COLISEUM RETAIL PARK McDONALD’S CHESHIRE OAKS M53 MARKS & SPENCER SAINSBURYS HARLEY DAVIDSON Aerial Location MITCHELL GROUP LEXUS Description B5132 J10 Availability Terms A5117 Contact EPC Certificates Download Print Exit A5058 TO THE NORTH Location 10/21A M57 TO MANCHESTER 1 LIVERPOOL AND THE EAST The Oaks Office Park occupies a highly MERSEY TUNNELS 6/1 M62 BIRKENHEAD prominent position off Stanney Mill Road, A5300 WARRINGTON MANCHESTER AIRPORT immediately adjacent to Junction 10 of A561 WIDNES M53 RUNCORN BRIDGE 9/20/20A the M53 mid Wirral motorway and less N A41 LIVERPOOL JOHN RUNCORN LENNONAIRPORT than 1 mile from the M56/M53 M56 A49 interchange. Ellesmere Port and Chester A533 M6 are approximately 1 mile and 7 miles ELLESMERE PORT A550 away respectively. NORTHWICH 11/15 A533 There are a wide range of amenities A5517 A54 A56 A55 QUEENSFERRY 12 available at Cheshire Oaks including the WINSFORD TO NORTH WALES CHESTER Designer Outlet Village, the new Marks & & ANGLESEY BIRMINGHAM Spencer, Coliseum Leisure Park and the AND THE A51 SOUTH A55 Travel Lodge hotel. All are readily A494 A530 accessible from the Oaks Office Park RUTHIN A483 A51 being situated directly opposite on the CREWE A534 western side of the motorway, also served by J10. NANTWICH M53 A41 STANNEY MILL ROAD WREXHAM CHESHIRE OAKS COLISEUM WAY TO SNOWDONIA NATIONAL PARK A530 A529 STANNEY MILL LANE Aerial COLISEUM Drive Times CHESHIRE Location OAKS WAY Destination Distance Drive Time COLISEUM WAY (miles) (minutes) Description A5117 B5132 J10 Availability M56 motorway 1 2 LONGLOOMS ROAD BLUE STANNEY LANE PLANET Chester 7 10 AQUARIUM BLUE A5117 Terms PLANE M6 motorway 20 25 AQUARIUM Contact Liverpool Airport 23 32 M53 Manchester Airport 30 25 EPC Certificates Download Print Exit Description The development comprises a two storey terrace providing four self-contained office buildings with ample car parking. -
160 Great Britain for Updates, Visit Wigan 27 28
160 Great Britain For Updates, visit www.routex.com Wigan 27 28 Birkenhead Liverpool M62 36 Manchester Stockport M56 Mold Chester 35 Congleton Wrexham 59 M6 Shrewsbury 64 65 07 Wolverhampton Walsall West Bromwich Llandrindod Birmingham Wells Solihull M6 03 Coventry Warwick02 Carmarthen Hereford 01 51 60 Neath M5 Swansea 06 Pontypridd Bridgend Caerphilly Newport Cardiff M4 13 Barry Swindon M5 Bristol 61 14 Weston-super-Mare Kingswood 31 Bath 32 M4 05 Trowbridge 62 Newbury Taunton M5 20 Yeovil Winchester Exeter Southampton 55 Exmouth M27 Poole Lymington Bournemouth Plymouth Torbay Newport GB_Landkarte.indd 160 05.11.12 12:44 Great Britain 161 Wakefield 16 Huddersfield Hull Barnsley Doncaster Scunthorpe Grimsby Rotherham Sheffield M1 Louth 47M1 Heanor Derby Nottingham 48 24 Grantham 15 Loughborough 42 King's Leicester Lynn 39 40 Aylsham Peterborough Coventry Norwich GB 46 01 Warwick Huntingdon Thetford Lowestoft 45 M1 Northampton 02 43 44 Cambridge Milton Bedford Keynes Biggleswade Sawston 18 M40 19 Ipswich Luton Aylesbury Oxford Felixstowe Hertford 21 50 M25 M11 Chelmsford 61 30 53 52 Slough London Bracknell Southend-on-Sea Newbury Grays 54 Wokingham 29 Rochester Basingstoke 22 M3 Guildford M2 M25 Maidstone Winchester 23 M20 17 M27 Portsmouth Chichester Brighton La Manche Calais Newport A16 A26 Boulogne-sur-Mer GB_Landkarte.indd 161 05.11.12 12:44 162 Great Britain Forfar Perth Dundee 58 Stirling Alloa 34 Greenock M90 Dumbarton Kirkintilloch Dunfermline 57 Falkirk Glasgow Paisley Livingston Edinburgh Newton M8 Haddington Mearns 04 56 Dalkeith 26 Irvine Kilmarnock Ayr Hawick A74(M) 41 Dumfries 25 Morpeth Newcastle Carlisle Upon Whitley Bay 12Tyne 08 South Shields Gateshead 09 11 Durham 49 Redcar 33 Stockton-on-Tees M6 Middlesbrough 10 38 M6 A1(M) 37 Harrogate York 63 M65 Bradford Leeds Beverley M6 28 M62 Wakefield Wigan 16 27 Huddersfield Birkenhead Liverpool Manchester Barnsley M62 Scunthorpe 35 36Stockport Doncaster Rotherham Sheffield GB_Landkarte.indd 162 05.11.12 12:44 Great Britain 163 GPS Nr. -
Public Consultation Report – December 2015
Public Consultation Report – December 2015 M6 Junction 10 Improvements Contents Section Title Page/s 1 Introduction 3-5 1.1 Main Objectives 3 1.2 Scheme Options 4 1.3 Project Timescale 5 2 Consultation exercise 6-9 2.1 Overview 6-7 2.2 Promoting the consultation 8 2.3 Questionnaires 9 3 Questionnaire results and analysis 10-18 3.1 Travel behaviour 10-12 3.2 Proposed improvement 13-18 4.0 Conclusion 19 5.0 Further information - contact details 20 6.0 Appendices 21 2 1.0 Introduction Walsall Council is working in partnership with Highways England to improve Junction 10 of the M6 motorway (M6J10). As a busy route between Walsall and Wolverhampton, the junction is often heavily congested and this reduces the attractiveness of the local area for business and investment, including within the nearby Black Country Enterprise Zone. Walsall Council and Highways England are developing plans to provide a long term improvement to M6 Junction 10. The non-statutory public consultation events held in December 2015 presented the current scheme options and sought comments and feedback to inform the final decision and help shape the design. 1.1 Main objectives of the scheme There are three main objectives of the M6J10 scheme. The first objective is to reduce congestion. By improving M6J10, congestion can be reduced on the A454 Black Country Route eastbound to improve journey time reliability. This is critical to the needs of local residents, businesses and the 120 hectares of developable land within the nearby Black Country Enterprise Zone. Congestion can be reduced on other roads linking to the junction, such as A454 Wolverhampton Road, B4464 Wolverhampton Road West and Bloxwich Lane, reducing ‘rat-running’ traffic on nearby routes parallel to the A454 Black Country Route, the A454 Wolverhampton Road and the B4464 Wolverhampton Road West. -
Public-Private Partnerships Financed by the European Investment Bank from 1990 to 2020
EUROPEAN PPP EXPERTISE CENTRE Public-private partnerships financed by the European Investment Bank from 1990 to 2020 March 2021 Public-private partnerships financed by the European Investment Bank from 1990 to 2020 March 2021 Terms of Use of this Publication The European PPP Expertise Centre (EPEC) is part of the Advisory Services of the European Investment Bank (EIB). It is an initiative that also involves the European Commission, Member States of the EU, Candidate States and certain other States. For more information about EPEC and its membership, please visit www.eib.org/epec. The findings, analyses, interpretations and conclusions contained in this publication do not necessarily reflect the views or policies of the EIB or any other EPEC member. No EPEC member, including the EIB, accepts any responsibility for the accuracy of the information contained in this publication or any liability for any consequences arising from its use. Reliance on the information provided in this publication is therefore at the sole risk of the user. EPEC authorises the users of this publication to access, download, display, reproduce and print its content subject to the following conditions: (i) when using the content of this document, users should attribute the source of the material and (ii) under no circumstances should there be commercial exploitation of this document or its content. Purpose and Methodology This report is part of EPEC’s work on monitoring developments in the public-private partnership (PPP) market. It is intended to provide an overview of the role played by the EIB in financing PPP projects inside and outside of Europe since 1990. -
Wolfson Economics Prize 2014
WOLFSON ECONOMICS PRIZE 2014 Charthills Green – a Garden City in the Garden of England. Chris Blundell Final submission, August 2014 0 © Charthills Green Ltd Photograph taken by author in area adjoining proposed development of SE Maidstone Garden City: Wolfson Economics Prize MMXIV Secondary Submission: Chris Blundell Contents Tables ............................................................................................................................ iii Figures ............................................................................................................................ iv Abbreviations .................................................................................................................. vi 1. Non-Technical Summary .............................................................................................. 2 2. Introduction. ................................................................................................................ 10 3. Preparing for the garden city of the future. .............................................................. 14 3.1. The need for new solutions. .............................................................................. 14 3.2. Garden City principles revisited......................................................................... 14 3.3. Selecting the right location for a new garden city. ............................................. 15 3.4. Understanding the drivers and the markets ...................................................... 16 3.5. Creating places -
CD 521 Hydraulic Design of Road Edge Surface Water Channels and Outlets
Design Manual for Roads and Bridges Drainage Design CD 521 Hydraulic design of road edge surface water channels and outlets (formerly HA 37/17, HA 78/96, HA 113/05, HA 119/06) Revision 1 Summary This document gives requirements and guidance for the design of road edge surface water channels and outlets, combined channel and pipe systems for surface water drainage, and grassed surface water channels on motorways and all-purpose trunk roads. Application by Overseeing Organisations Any specific requirements for Overseeing Organisations alternative or supplementary to those given in this document are given in National Application Annexes to this document. Feedback and Enquiries Users of this document are encouraged to raise any enquiries and/or provide feedback on the content and usage of this document to the dedicated Highways England team. The email address for all enquiries and feedback is: [email protected] This is a controlled document. CD 521 Revision 1 Contents Contents Release notes 4 Foreword 5 Publishing information ................................................ 5 Contractual and legal considerations ........................................ 5 Introduction 6 Background ...................................................... 6 Assumptions made in the preparation of this document ............................. 6 Mutual Recognition .................................................. 6 Abbreviations and symbols 7 Terms and definitions 11 1. Scope 13 Aspects covered .................................................. -
Location & Directions
LOCATION & DIRECTIONS Renaissance Manchester Hotel Start Here M60 To Blackfriars Street, Manchester M3 2EQ. Junction 17 Burnley Southbound Tel: 0161 831 6000, Fax: 0161 819 2458 Great email: [email protected] Ducie A Street 5 6 www.renaissancehotels.com 042 A6 New Bridge Street V i y c a t B W o l a y r t i c i a k in M.E.N. f r S r T i 6 t a r Arena Start Here 6 r e s 0 Victoria e S M602 5 t t A Station r St. Ann’s 6 A e Junction 1 e Church 3 t Eastbound 6 0 5 A The M To M60 Cathedral Printworks Parsonage 60 A6 B Gardens ge 2 M62 & M61 la sona New c he Par Harvey Chapel k T Bailey fr S Nicholls Street ia Urbis t M Street rs a S Museum ry t 's re Ga e Cannon te t Street te ARNDALE ga ns SHOPPING ea Salford St CENTRE D Royal M Central ar Exchange y's Ga t te e KENDALS K re ll ing t e S S Irw tre ss er To J et ro iv oh C R M Piccadilly n 6 a D 5 t rk Station al e e to A e t S n tr t S S re t A e re s t e 5 t e s 7 Opera t o a r g C House s t n e a John Dalton e e tr D Street S in Q ta ua n The hotel is in the heart of the City Centre, y u St o ree F t P t Albert ri R e nc Blackfriars Street is on the corner of Deansgate. -
Currency Wars, Recession Policies and the Overvalued Euro Are to Be Blamed for the Modern Greek Tragedy
International Journal in Economics and Business Administration Volume IV, Issue 1, 2016 pp. 3 - 19 Currency Wars, Recession Policies and the Overvalued Euro are to be Blamed for the Modern Greek Tragedy Theodore Katsanevas* Abstract: In this paper we argue that, Modern Greek Tragedy is mainly due to the overvalued euro in combination with the strict austerity policies imposed by Berlin. Greece also pays the price of the currency war between the dollar and the euro. The latter puts a heavy burden upon the country’s economic competitiveness as a costume that does not fit the Greek economy, which is mainly based on tourism that requires a labour-intensive production process. The deadlocks of strict monetary and income’s policies, accelerates the upcoming economic thunderstorm, the spiral of recession, the increase in unemployment, the brutal reduction of wages and pensions, the further fall of GDP and the increase of the debt. The always renewed fatal economic forecasts, simply postpone the explosion of the deadlock. Basic economics in theory and in practice are being depreciated. One wonders if there are economists, neoliberals, not to mention, Keynesians and/or radicals that, may support the possibility of an economic recovery under deep recession policies and the existence of a hard currency such as the euro. Trapped under the Berlin’s political prison and the euro zone fetish, Greece continues to follow its tragic road on the grounds that there is no alternative. Yet, in democracies there are no dead ends. If an economic policy is proven to be wrong and catastrophic, the best alternative is to change it. -
Capital-Economics-Border-Adjustment
Capital Economics is a leading independent international macro-economic research consultancy, providing research on Europe, the Middle East, United States, Canada, Africa, Asia and Australasia, Latin America and the United Kingdom, as well as analysis of financial markets, commodities and the consumer and property sectors. Founded in 1999 by reputed City of London economist Roger Bootle, we have gained an enviable reputation for original and insightful research and have built up a wide and distinguished client base. We undertake bespoke research projects commissioned by companies, government agencies and trade associations. We have helped our clients to produce substantial and detailed research, present to investors and shareholders and lobby government bodies. Our independent reports are used to plan for the future, influence internal business decisions and shape public opinion. In addition, we produce publications for world-wide distribution and offer support to clients in their respective time-zones through our offices in London, New York, Toronto, Singapore and Sydney. Over 1,500 institutions across the globe, ranging from some of the world’s largest banks to boutique property investors, subscribe to our publication packages, or are clients of our consultancy service. They include government bodies, trade associations, political parties, multinational mining and extractive industry companies, global banks, hedge funds, stockbrokers, retailers, property developers, construction companies, building societies and specialist lenders. We are our clients’ outsourced economic advisers. In addition to regular media accolades for economic forecasting, in 2012 a team from Capital Economics, led by Roger Bootle, won the £250,000 Wolfson Economics Prize. Acknowledgements: We wish to acknowledge and thank those individuals and their associated companies, organisations and academic institutions that gave their time to help provide information used in this report and without which it would not have been possible. -
The Reconstruction of Whitchurch Bridge
The Reconstruction of Whitchurch Bridge The Whitchurch Bridge Company is to postpone the closure of Whitchurch Bridge for reconstruction from October 2012 to October 2013. This decision has been taken because of delays in obtaining Planning Permission which has left insufficient time to prepare for work to start in 2012. Planning Applications were submitted to South Oxfordshire District Council and West Berkshire Council in May 2011. Both Councils have now resolved to grant Approval subject to various conditions and legal Agreements, but the Company is still awaiting formal advice of the details. The Planning delays were caused primarily by objections from English Heritage which was however unable to come up with a viable alternative. The Company acknowledges that the Planning Authorities were put in a difficult position by English Heritage, which is a statutory consultee. Frequent special inspections of the Bridge will continue until it closes for reconstruction in October 2013, and any further emergency repair work will be carried out if necessary. Company Chairman Mike Beckley says “Safety is our top priority. The Bridge has reached the end of its life and is in poor condition structurally. We were therefore keen to get on with the reconstruction so that we can continue to meet our legal obligation to provide a safe and reliable crossing over the Thames between Pangbourne and Whitchurch-on-Thames. However, the objections from English Heritage and the consequential delays in obtaining Planning Permission mean that there is insufficient time for us to prepare for work to start in the autumn of 2012. As we cannot do the work in the summer, we have consulted our bridge engineers who have advised us that the work can be safely postponed until autumn 2013”. -
Eurozone Groupthink and Denial on a Grand Scale
World Economic Review Eurozone Groupthink and Denial on a Grand Scale William Mitchell1 University of Newcastle, Australia 1. Introduction Thrall … slavery, bondage … a state of servitude or submission (Merriam Webster online dictionary). Groupthink … a pattern of thought characterized by self deception, forced manufacture of consent, and conformity to group values and ethic (Merriam Webster online dictionary). This paper is drawn from Mitchell (2015), which traced the origins of the Eurozone back to the desire in the immediate post-World War II period to end the destructive Franco-German rivalry that had caused several major military conflicts, which culminated in German aggression in 1939. Against this background, Mitchell (2015) also examines the way in which the discussions of European economic integration, which had initially begun with the general context of a Keynesian approach to economic policymaking, were transformed by the emergence of Monetarism in the 1970s. The flawed design of the Economic and Monetary Union (EMU) that was finally agreed on and formulated in the Maastricht Treaty in 1991 reflected both these elements. The dysfunctional response to the Global Financial Crisis (GFC) is a direct result of the mistakes made in the lead up to Maastricht and reflect the dominance of what we might call neo-liberal Groupthink over sound macroeconomic management. The paper is laid out as follows: section 2 considers the path that the European Member States took on the way to establishing the EMU. It also documents examines the impact of the GFC and the policy response taken by the key institutions (European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF), which are collectively known as the ‘Troika’, given their role in the disastrous Greek bailout.