According to the economists at the Euro-Mediterranean Economists’ Association, early warning, crisis management and stimulus are the three crucial pillars on which to base any response to a pandemic-induced economic crisis. Version française

SYRIA. In the face of the economic crisis in Syria and historically high food prices, 13 million people are in need of humanitarian assistance according to the UN. version française

AFRICA. According to the latest UNCTAD report on development in Africa, the fight against illicit financial flows in the continent could generate new funds to respond to the Covid-19 crisis and foster its economic resilience. version française

EUROPE. According to a study by the rating agency S&P Global, Europe risks falling into a new "debt spiral" if European banks continue to buy government bonds from their home countries. version française

May 2019. Written by Rym Ayadi, Sami Ben Naceur, Mohamed Goaied This paper adds to the existing literature on finance and growth, by exploring the effect of finance on the labour market, using data on 143 countries from 1995 to 2015. We also examine whether the impact of financial development on...

Published in May 2018. Written by Roby Nathanson and Khalid Sekka Since 2011, over 5.3 million refugees made their way from Syria to hos ng Middle Eastern end European countries. Middle Eastern countries that absorbed the majo- rity of refugees are Turkey, Lebanon and Jordan...

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Shorter, closer, cheaper, less frequent – these were the four watchwords for European holidaymakers in 2012 favouring “staycations” or, for wealthier families, travel closer to home in Europe and the Mediterranean.

The European Council on 22-23 November will be test of the Union's will to deliver an ambitious EU budget 2014-2020 for the European Union. The European Parliament which, must approve the proposed budget, is not prepared to accept a smaller EU Multiannual Financial Framework (MFF) than the current...

The global financial crisis and the Arab Spring - how have Mediterranean countries been affected by these two simultaneous phenomena? FEMISE has just published a study following a business survey conducted with SMEs and SMIs in Algeria, Tunisia, and Morocco. Comparative analysis and...

Professor of International Finance at the University of Tunis, expert and international consultant Sami Mouley analyses the short- and medium-term impacts of the Tunisian revolution on the country’s economy. The road to democracy won’t be smooth…

What progress has been made since the Barcelona process was launched 15 years ago, and what margins do signatory countries to the process have? The Femise study “The Euro-Mediterranean partnership at the crossroads” examines all signatory countries to the process in close detail.

While the US and European banking systems were overwhelmed by the subprime crisis and credit crunch, Mediterranean member countries of the FEMIP (*) to a large extent withstood the crisis in 2009. How did they overcome this hurdle, and how can the road to growth be rediscovered? A study on this issue was published by Femise and the EIB on 29 November 2010.

The difficulties associated with the crisis must not call structural policies into question. On the contrary: Mediterranean states’ tradition of support should continue, with an emphasis on industrial policies and continued efforts at opening up their markets.

TURKEY. The crisis of 2008 and 2009 has already been forgotten in Turkey, where the economy has returned to pre-recession growth levels.

MOROCCO. Spared financial turbulence, Morocco has instead suffered the effects of the crisis in property, tourism and export sectors of the economy.

EGYPT. Strong internal demand and government measures to support the economy allowed Egypt to avoid the worst effects of the global crisis. For 2011, the Egyptian authorities have forecast economic growth of more than 6%.

ALGERIA. With rising oil prices, Algeria is now enjoying a degree of prosperity. However, it still faces major challenges, such as industrialisation, unemployment and dependence on hydrocarbons