The European Union throughout its history has experienced periods of Euro-optimism and periods of Euro-pessimism, with crises scattered in between. Jean Monnet, a pioneering advocate of European unity, wrote that “Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.” But the recent period of Euro-pessimism has […]
Brexit shows the primacy of politics and emotion over economic rational calculation. It is very difficult to understand the decision of British people otherwise. Britain, or what would be left of it after potential secession by Scotland and Northern Ireland, is likely to become a less open economy with a long-term decrease in productivity potentially. […]
June 23rd marks the end of a European era. There are various reasons the United Kingdom is calling for a referendum. But are they really worth breaking up with the European Union? Brexit will leave us all in a weaker position. Find out why.
Greece is still in the news. Not surprising, since the European Union (EU) has never had such a huge problem as this with a member country. I’ve written a lot on the subject already and don’t want to belabor the point. But I’ll try to summarize here (data from Eurostat in billions of euros). Background. […]
We asked our professors their opinion on whether a 2-speed euro would help.