Euro crisis

The roots of Europe’s decline

In the breathlessness of the euro crisis, it is easy to miss the wood for the trees. By looking at individual trouble spots, we may be ignoring the roots of the crisis. [...]

Why Europe Failed

The continent that invented and dominated the modern world has gambled away its future. 'Why Europe Failed' is a sobering account of the Old World’s fall from grace. [...]

When monetary folly is not enough

After five tumultuous years of fighting the crisis arising from Europe’s monetary integration, leading European politicians are planning to go full steam ahead with the next level of integration. Their goal is the integration of fiscal policy. [...]

Now for the next euro crisis

Now that the Greek banks have re-opened, the third bailout package is on the way and something vaguely resembling normalcy is returning to Greece, we can finally deal with other things again: the euro crisis, for example. [...]

Why Germany is losing the blame game

The vitriol directed at German Chancellor Angela Merkel and her Finance Minister Wolfgang Schäuble after last weekend’s marathon summit is deeply unfair. What is Germany's crime? [...]

Greece, from bad to worse

For more than five years, Europe has been trying to find a response to the Greek crisis. In doing so, Europe managed to make a bad situation worse while burdening taxpayers with gargantuan liabilities. [...]

Merkel must face her Waterloo moment

If Merkel once again followed opinion polls, she might feel tempted to let Greece fail. It could even give her polling results another boost, even if meant a radical departure from her previous strategy. But it would also be an admission that Merkel’s policy on Greece has failed. [...]

The eurozone must stop playing the blame game

Now that Greece is finally and officially bankrupt, perhaps we might eventually see something resembling a solution to the crisis. How about Greece exiting the eurozone, devaluing its new currency, default on its debt and reform its economy? [...]