Manasse, Paolo, (2013), ‘Eurozone Crisis: It Ain’t Over Yet’, www.economonitor.com, 17 January. All G7 economies are struggling in the post-crisis climate, but US GDP has recovered to pre-crisis levels, while the Eurozone simply hasn’t. This column portrays the global crisis as a transitory shock for the US, but as a quasi-permanent shock for Europe.
Mazower, Mark, (2012), ‘Weimar 2013?”, www.project-syndicate.org, 31 December. The worst crisis of capitalism since the Great Depression of the 1930’s has reawakened grim memories on both sides of the Atlantic. The ghost of Franklin Delano Roosevelt haunts Barack Obama’s United States. Historical arguments over whether FDR’s New Deal worked now form an important part of American debates over current monetary and fiscal policy in general, and the US Federal Reserve’s …Read More
Europe’s New Year’s Irresolution
Fischer, Joschka, (2012), ‘Europe’s New Year’s Irresolution’, www.project-syndicate.org, 31 December. Will the eurozone crisis end in 2013, or will it drag on throughout the year, and perhaps even deteriorate anew? This is likely to be not only the crucial question for the European Union’s further development, but also a key issue affecting the performance of the global economy.
Crisis and public support for the eurο
Roth, Felix, Jonung, Lars, Nowak-Lehmann, Felicitas, (2012), ‘Crisis and public support for the eurο’, www.voxeu.org, 5 November. The Eurozone crisis has meant slow growth, rising unemployment, and social unrest. This column gauges the impact of all this on European citizens‘ opinions about the euro and EU institutions. Using Eurobarometer surveys, the authors find that, within the Eurozone, the crisis has only marginally lowered support for the euro but has led to …Read More
The EMU Crisis is a Battle of Nationalism Versus Transnationalism, not Economic Prescriptions
Menenberg, Aaron, (2012), ‘The EMU Crisis is a Battle of Nationalism Versus Transnationalism, not Economic Prescriptions’, www.economonitor.com, 30 August. The debate over how to save the euro and the economy of its union has taken shape around economic prescriptions. On the surface this makes sense; after all, the euro is the currency for seventeen national economies.
The Euro-Exit Taboo
Dadush, Uri, (2012), ‘The Euro-Exit Taboo’, nationalinterest.org, 1 May. Stay or leave? Should Greece persist with its extreme austerity plan, or should it abandon the euro? What about Portugal? Spain? In mainstream political discourse, posing the question of euro exit is taboo. When Prime Minister Papandreou of Greece, an ardent European, unexpectedly proposed a national referendum on the matter (one he expected adherents to the euro to win) he was …Read More
Europe’s three dimensional crisis
Brown, Gordon, (2012), ‘Europe’s three dimensional crisis’, www.guardian.co.uk, 28January. In the rush to define Europe’s problems as fiscal, our deep-seated banking and competitiveness problems have been largely ignored. In the search for a simple, one-dimensional answer – austerity and, if that fails, more austerity – to what is a three-dimensional crisis, Europe’s leaders are failing to grasp the profound historical forces now reshaping Europe’s role in the world. For without complementary …Read More