“France Has Become Too Small”
The EU’s biggest problem is the disappearance of an equal partner for Germany.
Coalition of the Unwilling
Angela Merkel keeps pushing for a European solution to the refugee crisis, but discord remains.
Catching Up
Europe has fallen behind the United States and Asia in a number of areas that will be key to economic success in the future. The EU will have to take a few key steps if it is to make up lost ground.
Shifting Gears
The “convergence machine” was designed to build wealth within the continent while helping its lagging members catch up. Now, however, the same mechanisms are rendering the currency union less flexible.
Competitiveness Revisited
It has become the economistʼs holy grail – but competitiveness is too nebulous to guide policy. Increasing productivity should be Europe’s real concern, and this requires a comprehensive reform agenda.