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Publications
‘How to Leave the Eurozone: The Case of Finlandhttps://www.degruyter.com/view/j/ev.2018.15.issue-1/ev-2018-0020/ev-2018-0020.xml?format=INTThis article provides thoughts and guidelines on how a country could exit from the Economic and Monetary Union (EMU) and its currency the euro. We take the hypothetical exit of Finland as a concrete example.
‘The euro may ALREADY be lost’ Economists predict DOOMSDAY for European Union’s currency | World | News | Express.co.ukhttp://www.express.co.uk/news/world/767450/euro-lost-Economists-predict-DOOMSDAY-for-European-Union-s-currencyREPEATED failings in the eurozone may have already signed the death warrant of the single currency despite Europe
“Euro May Already Be Lost” – Vice-Chairman Of EuroThinkTank Warns “No Way To Avert Break-Up” | Zero Hedgehttp://www.zerohedge.com/news/2017-02-14/euro-may-already-be-lost-vice-chairman-eurothinktank-warns-no-way-avert-breakThe 1st of January 2017 marked the 18th anniversary of the European common currency, the euro. Despite its success from 1999 to 2007, after 2008 the euro has become a burden for…
The euro may already be lost | The Huffington Posthttp://www.huffingtonpost.com/entry/58709915e4b0eb9e49bfbbab?timestamp=1483788664261 This entry has been co-written with Dr. Heikki Koskenkylä and Dr. Peter Nyberg. The 1st of January 2017 marked the 18th anniversary of the Eu…
Why Finland would be better off without the euro | Tuomas Malinenhttp://www.huffingtonpost.com/tuomas-malinen/why-finland-would-be-bett_b_8736632.htmlWhat is wrong with the economy of Finland? Several renowned international bloggers and journalists, including Jason Karaian, Ambrose Evans-Pritchard and Simon Nixon, have recently pondered on this iss
Dopo Brexit arriva «Fixit»: da Helsinki l’ultima minaccia all’euro – Il Sole 24 OREhttp://www.ilsole24ore.com/art/mondo/2015-11-18/dopo-brexit-arriva-fixit-da-helsinki-l-ultima-minaccia-all-euro-190708.shtml?uuid=ACNhytcB&refresh_ce=1Uno studio recente di EuroThinkTank of Finland, gruppo di studiosi in odore di euroscetticismo, ha fissato il costo una-tantum di un ritorno al marco finlandese attorno ai 20 miliardi di euro (il Pil di Helisnki è oggi attorno ai 200 miliardi), sottolineando però che i vantaggi si vedrebbero nel lungo periodo.
Finns Demand Referendum on Quitting Euro – WBP Onlinehttp://wbponline.com/articles/view/55774/finns-demand-referendum-on-quitting-euroThe EuroThinkTank of Finland, a group comprising mainly economists admits that its origin “rose from the disappointment of its members with the economic development of the euro zone” and says that a return to the markka could cost €20 billion, but would be worth the cost.
Finnland: Volksbegehren gegen Mitgliedschaft in Euro-Zone – DIE WELT mobilhttp://m.welt.de/wirtschaft/article148964407/Das-ist-der-wahre-kranke-Mann-Europas.htmlEiner Studie des Euro-skeptischen Instituts EuroThinkTank zufolge würde eine Rückkehr zur eigenen Währung etwa 20 Milliarden Euro kosten, sich aber langfristig bezahlt machen.
Finnish parliament will debate next year leaving euro zone | Reutershttp://www.reuters.com/article/2015/11/16/us-eurozone-finland-exit-idUSKCN0T518O20151116#2bgLt2BY5JE0hppL.97HELSINKI A recent report by EuroThinkTank of Finland, a group critical of the euro, put the one-off cost of returning to a floating markka currency at as much as 20 billion euros, but said the move would make sense in the longer run.
Fixing Eurozone with the return of the European Currency Unit (ECUXIT) | EuroThinkTankhttp://en.eurothinktank.fi/?p=102The victory of Syriza in the Greek parliamentary elections has led Eurozone on the verge of a breakup, once again. Hard austerity measures have been applied in the crisis…
Members
Vesa Kanniainen
vesa.kanniainen [at] eurothinktank.fi040-7502661
The founder and Chairman of the EuroThinkTank, Vesa Kanniainen, is Professor of Economics at the University of Helsinki. He studied at the London School of Economics and has been teaching as Visiting Assistant Professor at Brown University and at Washington State University.He has also given courses at the University of Uppsala, Munich and Hamburg. Most of his academic life, he has been working at the University of Helsinki.
Tuomas Malinen
tuomas.malinen [at] eurothinktank.fi040-1963909
PhD. (econ) Tuomas Malinen is the Vice Chairman of EuroThinkTank. He has studied economics in the University of Helsinki and in the New York University. Currently he works as a postdoctoral researcher at the Helsinki Center of Economic Research and he is also a Chief Economist of GnS Economics Ltd. His research interests include economic growth, economic crises and income inequality.
Peter Nyberg
peter.nyberg [at] eurothinktank.fi040-5667660
Dr. Peter Nyberg, retired Director General Financial Services at the finance ministry and previous Advisor to the Board at the Bank of Finland. He has also worked at the IMF and with an inquiry into the causes of the banking crisis in Ireland.
Sami Miettinen
sami.miettinen [at] eurothinktank.fiMSc (econ), MBA, CFA, investment banker at Sisu Partners and Nordic Trustee. Formerly at e.g. Credit Suisse, RBS, SEB and Nordea.
Stefan Törnqvist
stefan.tornqvist [at] eurothinktank.fi040-5066427
M.Sc. (econ), M.Sc (tech) has been active in the financial industry for the last 25 years, as CEO and Founding Partner for Alandsbanken Asset Management. In Finland he is known as the domestic Dr Doom, but Stefan himself thinks that he has been a realist.
Heikki Koskenkylä
heikki.koskenkyla [at] eurothinktank.fiDr.Economics, consultant, former head of the Financial markets department at the Bank of Finland
Ilkka Mellin
ilkka.mellin [at] eurothinktank.fiLic.Pol.Sc. (Statistics), M.Sc. (math) is retired. Has taught statistics and mathematics at the University of Helsinki and at the Aalto University School of Science and has been active in several scientific organizations. Still active in statistical research and in instructing post graduate students.
Markus Kantor
markus.kantor [at] eurothinktank.fiMSc (econ), attends Helsinki University doctoral program specializing on bank research. Consultant and entrepreneur.
Elina Berghäll
elina.berghall [at] eurothinktank.fiMSc. (econ), civil servant engaged in economic research, with prior experience inter alia from the OECD, UNU/WIDER and the IMF. She possesses expertise in various topics ranging from capital flows to innovation economics.
Jukka Ala-Peijari
jukka.alapeijari [at] eurothinktank.fiMSc (econ), CEO and consultant at the Euronomics Ltd. Previously economist, assistant professor and lecturer at the University of Tampere. Published several books on economics.
What is EuroThinkTank?
The EuroThinkTank of Finland, a working group representing economists, experienced professionals in the financial system and a statistician, was created for the purpose of assessing and understanding the causes of the euro crisis and envisaging the future of the currency. The think-tank arose from the disappointment of its members with the economic development of the euro zone, the rhetoric nature of the policy on the euro and the lack of diversified argumentation in the assessment of the associated issues.
For the EuroThinkTank, a special interest was to examine the options available for Finland, a small euro member. The results of this analysis ware published as a book Future of the Euro - The Options for Finland published in the 7th of May 2014. The think-tank held that the foreseen political union, banking union and fiscal union will push the euro zone towards a sort of practical federal state, referred to as the 'weak federation' in its report. These developments, however, are not based on a democratic process where the citizens would be heard. The analysis also showed that the entire euro zone has only two stable options that do not involve any internal tensions regarding the further development of the system. They are first, a strong federation consisting of the euro members, or second, a return back to national currencies. The latter option would mean the type of EU membership like Sweden and Poland have today. In addition, each individual country then could determine her preferred level of integration. If this happens, part of the euro zone may evolve into a federation whose currency is not used by a group of member states content with a lower level of integration. The European central bank has recently announced of its new monetary policy stance in terms of quantitative easing to strengthen its policy lines introduced in 2014. Currently, the new political leadership in Greece is challenging her existing contracts with the other member states. The euro crisis is not over. Neither is the task of the EuroThinkTank.