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A country report for Europe is presented from European Economic Advisory Group, with topics including the role of technological and trade developments in shaping country-specific performances, ways of dealing with the constraints imposed by the incomplete currency union, and mechanism for screening inward investments at the member state and at the European Union (EU) level.

The article discusses the banking union scheme of the European Union (EU) for the euro area. It explains the reasons and arguments behind the push for a union in which the European Central Bank (ECB) will take charge in the supervision of the financial institutions in the euro area. It also explores the banking union in the context of the EU policy interventions since the financial crises and the conflict between ECB's pursuit of macroeconomic stability and its objective of financial stability.

The article presents the forecast of the European Economic Advisory Group (EEAG) for the economy of Europe in 2013. It examines the condition of the labour markets as well as the rate of unemployment. It discusses schemes for government debt mutualisation and fiscal transfer. It also tackles fiscal consolidation and the increase of taxation.

The article profiles several authors and members of the CESifo's European Economic Advisory Group (EEAG) including Giancarlo Corsetti, Michael P. Devereux, and John Hassler. Corsetti's main field of interest is open-economy macroeconomics and international economics. Devereux has been involved in international tax policy issues in Europe. Hassler's research covers areas in political economy, economic growth, and macroeconomics.

Chapter 5 of the book "The EEAG Report on the European Economy," 2011 edition, is presented. It examines proposals that have been enacted for new taxes on banks and other financial institutions in Europe. It determines the key factors that need to be addressed by regulation or taxation of the financial sector. It outlines the alternative objectives for new taxes on the financial sector to raise revenue and induce behavioral change that will make another crisis less likely.

Chapter 1 of the book "The EEAG Report on the European Economy," 2011 edition, is presented. It provides an outlook of the condition of the world economy for 2011. The world economy is projected to have reached a growth rate of 4.8% in 2010. It anticipates that the phasing out fiscal stimulus measures in the U.S. and the austerity programmes in Europe will keep economic growth subdued in most advanced economies during 2011.

Chapter 2 of the book "The EEAG Report on the European Economy," 2011 edition, is presented. It discusses the establishment of the new European Stability Mechanism (ESM), a three-stage crisis mechanism for the euro area that is based on the European countries' decisions of December 16-17, 2010. It suggests that an economic governance system should provide a limited degree of protection to investors buying government bonds, helping to prevent panic in the case of a public debt crisis.

Chapter 5 of the book "The EEAG Report on the European Economy 2010," by the European Economic Advisory Group, is presented. It discusses the implications of the financial crisis in 2010 for the performance of the euro area. It highlights the imbalances between the core members of the monetary union with regards to net foreign asset positions and inflation differentials.

Chapter 3 of the book "The EEAG Report on the European Economy 2010," by the European Economic Advisory Group, is presented. It discusses the substantial increase in public debt in most developed countries. It highlights the European Economic Recovery Programme (EERP) agreement of the European Council (EC) in December 2008 which called for a discretionary fiscal stimulus of 1.5 percent of gross domestic product (GDP).

Chapter 1 of the book "The EEAG Report on the European Economy 2010," by the European Economic Advisory Group, is presented. It highlights the macroeconomic outlook of Europe for 2010 including the global financial crisis in 2008, global monetary policies, the restructuring process in the banking industry, and the fiscal policy stimulus. It also discusses the decline in exports, the condition of the real-estate prices in 2009, and the economic performance of the U.S., Japan, and China.

Chapter 1 of the book "The EEAG Report on the European Economy 2009," by the European Economic Advisory Group, is presented. It highlights the macroeconomic outlook of Europe for 2009 including the global financial crisis in 2008, monetary policies in the U.S. and Asian countries. It also discusses the economic outlook for European Union (EU) countries along with their gross domestic product (GDO) growth, the private consumption, and unemployement rate.

Chapter 3 of the book "The EEAG Report on the European Economy 2009," by the European Economic Advisory Group, is presented. It discusses the private equity in the financial system that leads to capital expansion in private equity funds in European countries. It highlights issues including the effect of private equity ownership on employment, tax policies for private equity, and the impact of the global financial crisis on private equity.