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All items tagged European Economic policyGlobal Must Read ArticlesMay 19, 2010 | The European Dream is at its EndThe crisis in Europe represents not just a threat to continent’s economic union, but also could signal the downfall of the European “Idea” which includes international cooperation and an international legal order. ++ “If the European experiment begins to unravel – after more than 60 years of painstaking advances – then the ideas that Europe represents will ... MoreApril 1, 2010 | The United Financial States of EuropeThe Greek crisis proves that a “halfway Europe” is not sustainable. ++ The implementation of the euro without any integrated economic framework was naïve. ++ Gaps among the EU member states were supposed to narrow thanks to both highly mobile capital and a workforce similar to the US. ++ As a last resort, the American federal state provides a safety net to weakened stayes in times of ... MoreMarch 22, 2010 | Germany also to Blame for Eurozone CrisisGermany is not completely blameless for the current economic crisis affecting Europe, and the austerity policies it proposes for the weak economies on the periphery of the eurozone are unsustainable. ++ “A fundamental problem of the policy of austerity for the periphery is that it does not deal with the structural imbalance within the monetary union.” ++ Two solutions are proposed to rectify ... MoreMarch 4, 2010 | Helping Greece: Reason Over WrathThe Greek deficit revealed two major flaws in the European integration machine: firstly the sheer absence of a budget deficit watchdog and secondly the lack of either support or sanction if one member state eventually goes bankrupt. ++ Germany, having sacrificed much to the Euro’s implementation, is right to be angry. ++ But rationality should overcome wrath, for the cost of inaction might be ... MoreCommentsMarch 12, 2010 | After the Lisbon teaty and the ongoing... |
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