Category Archives: News

Thomas Cooley ADEMU

The concentration of wealth is holding back growth

Professor Thomas Cooley, who is the Advisory Committee Chair for the ADEMU project and also the Paganelli-Bull Professor of Economics at the Stern School of Business, NYU, recently shared his views on how the concentration of wealth is holding back growth. The interview with Prof Cooley was printed in the Spanish newspaper ‘La Vanguardia’:

Age? I am already a demographic minority. Born in Vermont: my school only had one classroom. I was an engineer at IBM, but I was fascinated by Economics: I was Dean of NYU and an advisor at Standard & Poor’s. To create jobs, train your unemployed workers. In the wealthiest countries, education is a life-long endeavor. Continue reading

Ademu conference group photo

The ADEMU project kicks-off with conference at the University of Cambridge

Scientific Coordinator of the ADEMU project, Ramon Marimon, led the kick-off conference, joined by researchers from leading research institutes, as well as leading economists, lawyers and members of the European Commission.

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Kick Off Conference Agenda

October 8-9, 2015

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Reassessing the EU Monetary and Fiscal Framework

ADEMU Kick-Off Conference, October 8-9, 2015 – The Agenda

Hosted by the University of Cambridge at Corpus Christi College (www.corpus.cam.ac.uk).

View the Conference Program PDF Continue reading

Five Presidents Report

Experts survey: Five Presidents’ Report

European Commission officials are surveying experts regarding the “Five Presidents’ report” (June 2015). ADEMU Scientific Coordinator Ramon Marimon (EUI) offers his replies to the survey questions.
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CNBC op-ed: Why Greece voted ‘no’

From the op-ed by Thomas F. Cooley (NYU Stern and ADEMU Advisory Committee Chair):

“Neither a borrower nor a lender be; for loan oft loses both itself and friend And borrowing dulls the edge of Husbandry.”
— Advice from Polonius to his son, Laertes, in “Hamlet”

On Sunday, Greek citizens were given a Hobson’s Choice — vote “no” on a set of complex proposals and give a pat on the back to a government that has caused a further contraction in their economy with posturing and ineptitude or vote “yes” and back the European allies and the International Monetary Fund, who failed to provide the right kind of help when the crisis emerged five years ago. It’s tough living in the cradle of democracy! But Greece has a long history of ignoring Polonius’s advice and it is worth understanding the two centuries of history that has inured them to their fate…

Read the full op-ed on CNBC’s website

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Videos: Reflections before and after the Greek referendum

Ramon Marimon (Professor of Economics at the European University Institute and Scientific Coordinator of ADEMU) talks about the implications of the Greek debt crisis, the “no” vote, and how the ADEMU project will help us understand such situations. Continue reading