Early Parliamentary Elections in Macedonia: More of the same or new beginnings? CEPS Commentaries, 21 March 2014

There is no doubt that the prospect of EU accession has had a major impact in promoting much-needed reforms and building stable institutions in the countries of former Yugoslavia. Yet, as reflected in all the internationally recognised indicators, the goal of achieving effective democracy throughout the region remains very much a 'work in progress', especially in Macedonia. In this Commentary, Erwan Fouéré considers whether the main governing party in Macedonia will change its behaviour to enable the country to move forward.

Fighting Deflation: Would QE work in the euro area? CEPS Commentary, 9 October 2014

With inflation in the eurozone stubbornly remaining on a downward trajectory, pressure is growing on the ECB to do “something” to prevent outright deflation. But, given the financial structure of eurozone countries, would the preferred "something" – quantitative easing – actually do the trick?