A Crumbling Union
A referendum on Britain’s EU membership is likely. And if the country secedes, others could soon follow its example. Read Here – The European
Tag: Euro
How Britain Could Fall Out Of The European Union, And What It Would Mean
BRITAIN has never been too keen on tying the knot with Europe. It sat aside in the 1950s as Germany, France, Italy and the Benelux countries forged a single market in coal and steel, which became a broader common market. It eventually joined, in 1973, largely because Europe seemed to be where the money was. […]
The Money Is Gone, the War Is Over
Greek opinions about Germans are changing. When “austerity measures” were first imposed, Greek newspapers and posters infamously depicted Chancellor Merkel as a Nazi leader. But the reaction has lately become more sophisticated: now we hear that Germans want to pursue a strict interpretation of Protestant ethics (which knows no redemption on earth) and punish the […]
The Time-Bomb At The Heart Of Europe
THE threat of the euro’s collapse has abated for the moment, but putting the single currency right will involve years of pain. The pressure for reform and budget cuts is fiercest in Greece, Portugal, Spain and Italy, which all saw mass strikes and clashes with police this week (see article). But ahead looms a bigger problem […]
Europe Gives Greece 2 More Years to Reach Deficit Targets
Euro-area finance ministers gave Greece two extra years to wrestle down its budget deficit, pledging to plug the resulting financing gaps in order to keep the country in the single currency and prevent a renewed flareup of the debt crisis. Finance ministers granted Greece until 2016 to cut the deficit to 2 percent of gross domestic product. They […]
European Central Bank Should Open Its Chamber of Secrets
The European Central Bank wields more power now than at any point in its 14-year history. If it wants to use that power responsibly, it needs to be a lot more open with the people whose well-being it aims to ensure. Thanks in large part to its lead role in fighting the euro area’s festering debt crisis, the […]
Old Europe Meets New
Europe has been reinventing itself since 1945, and last Monday yet another blueprint for the Continent was put forth. This one is a 12-page document from the foreign ministers of 11 nations after nine months of negotiations. Read Here – Christian Science Monitor
Germany, the Scapegoat of Europe
The more Germany tries to save the Eurozone, the more it become the union’s scapegoat. The best response: ignore the populists, and keep on trucking, Sebastian Pfeffer writes in the European. Read Here
Theories On Where Money Comes From Say Something About Where The Dollar And Euro Will Go, Says The Economist
MONEY is perhaps the most basic building-block in economics. It helps states collect taxes to fund public goods. It allows producers to specialise and reap gains from trade. It is clear what it does, but its origins are a mystery. Some argue that money has its roots in the power of the state. Others claim […]
looking beyond borders 