Schäuble, W., (2013), “Ignore the doomsayers: Europe is being fixed”, Financial Times, 16 September.
Τhe world should rejoice at the positive economic signals the eurozone is sending almost continuously these days. While the crisis continues to reverberate, the eurozone is clearly on the mend both structurally and cyclically.
What is happening turns out to be pretty much what the proponents of Europe’s cool-headed crisis management predicted. The fiscal and structural repair work is paying off, laying the foundations for sustainable growth. This has taken critical observers aback. It should not have, because, in truth, we have seen it all before, many times and in many places. Despite what the critics of the European crisis management would have us believe, we live in the real world, not in a parallel universe where well-established economic principles no longer apply.
Relevant Posts
- Cohen-Setton, J., (2013), “Ordoliberalism and Germany’s approach to the euro crisis”, Bruegel , 16 September.
- Eichengreen, B., (2013), “Is Europe out of the woods?”, Project Syndicate, 11 September.
- Chrysoloras, N., (2013), “Give Greece a break: what politicians need to tell German voters”, The Guardian, 5 September.