Home Page 113
,
An American Economist in Paris
The advice coming across the Atlantic illustrates one thing clearly: Washington does not understand the purpose of the European Union and its common currency.
,
Waving the Grexit Stick
Germany’s finance minister may be (southern) Europe’s most hated man – at home his approval ratings are going through the roof. Pointing to the inner logic of eurozone rules he may have more in mind than the future Europe’s single currency.
,
How to Avoid a Grexit
Greece needs to make reforms if it is to return to growth, and it is more likely that this will happen inside the euro than outside. The key is to reactivate a logic that has worked many times: solidarity in exchange for reforms.
,
Nothing Will Be Clarified
Has anybody counted how often the headline “Now Grexit is unavoidable” has popped up in the media over the last few months? In fact, the ongoing Greek debt crisis is predictable only in its unpredictability.