Month: January 2012

The tragedy of the European crisis is not that it was caused by striving for too much economic efficiency.

Europe has run out of easy solutions to its many simultaneous crises.

A car industry is only worth having if it is able to stand on its own feet.

Whoever believed that the never-ending eurozone crisis had been solved during the holiday break would have been surprised by the difficult French bond auction last week, Italian yields once again …

Both the Bank of England and the German Bundesbank enjoy formal independence, but this independence looks and feels very different in practice.