What is often abbreviated to Global Financial Crisis (GFC) included three distinct crises: the 2007-8 North Atlantic financial crisis, a 2008-9 global economic crisis and public finance crises which became increasingly focused on the eurozone in 2010-12. The relative weight of emerging market economies in the global economy, which had been increasing for several decades, grew even more rapidly in 2008-11 as the economies of the USA and Europe faltered, and other open economies recovered rapidly from the global economic crisis. This poses challenges for global economic governance, although there are constraints on Asia being a more assertive force. According to CASE Fellow Richard Pomfret the EU faces greater dangers: first, that if EU leaders see their economies as victims of a GFC then they will fail to address their economies’ own shortcomings, and, second, that preoccupation with internal crises will distract EU leaders from rising to the challenges and opportunities associated with the evolving multipolar global economy. read more » about The Post-2007 Crises and Europe's Place in the Global Economy
CASE, in cooperation with the Central European University (CEU) from Budapest and the Institute for the Study of Labour (IZA) from Bonn, organised the mid-term workshop in Kraków to discuss the results within the study on “ENPI - Costs and Benefits of Labour Mobility between the EU and the Eastern Partnership Partner Countries” so far. 
Warsaw, May 9th, at the Shale Gas Poland 2012 Conference, representatives of embassies, international institutions, media and Universities were discussing the three main topics relating to the prospect of shale gas exploration in Poland: geopolitics, economics, and technology. 
Can Europe avoid falling in to a Japanese-style stagnation trap? In this type of trap, we see a repeated cycle of a financial crisis leading to a fiscal crisis, leading to a decline in consumer and investor confidence, and a resulting fall in demand. The decline in growth that inevitably follows simply causes the cycle to repeat itself. In theory, this should lead to improved competitiveness, but in Japan the forces of decline outweighed any boost in export demand. World Bank Regional Director Peter Harrold discusses the question by focusing on the two keys to Europe’s past success and the two key structural areas that could be the difference between stagnation and success.