The Catch-22 rules of the Euro Monopoly game
To make the Eurozone more stable, it would be desirable to have stricter and enforceable rules. But because it is so unstable, no such rules can ever be introduced. [...]
EU
270,000 jobs in a better kind of Grexit
European monetary policy has previously smashed the fragile plates of the Greek economy to the floor; 12 years on, they've finally pieced it all back together [...]
Europe’s path to Mexico’s debt crisis
The moderate increases in the European Central Bank’s interest rates are far from being brutal but the writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s. [...]
Big rouble in little Europe
Europe will face difficult monetary conditions for years to come. If the bank is unlucky, inflation expectations will solidify, and rapid price increases will become a permanent feature for the Eurozone. [...]
Central planning through the backdoor
If you thought central planning was buried with the fall of communism, you should look at the European Union. [...]
Taxonomic vandalism, EU-style
When the EU embarked on developing its own taxonomy, maybe it should have consulted with a few biologists. That may have prevented it from creating a monster. [...]
Cynically exploiting EU’s divisions
After simmering for many months, the Belarusian-organised refugee crisis is heating up in the Eastern European cold. [...]
The next Euro crisis has just begun
Just as Europe’s economies are emerging from the Covid-19 recession, the next big European crisis is already visible on the horizon. It is just not clear what kind of crisis it will be: another debt crisis, an inflation crisis, or a combination of both. [...]
It’s not all about the money
Last week, following six years of intense negotiations, the Swiss government pulled out of the talks on a new treaty. It preferred Switzerland’s sovereignty over the gains of deeper integration into the EU. [...]
Economic rationality long gone in Europe
The times of economic reason and rationality are long gone in Europe. [...]