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Euro

Draghi’s difficult legacy

Mario Draghi might be remembered as the central banker who defended the euro while planting the seeds of its eventual destruction. [...]

Monetary policy isn’t a panacea

In the wake of the financial crisis power shifted from politicians to the ECB, now it’s time for elected governments to address the underlying causes of Europe’s malaise. [...]

Why Greece is back in crisis mode

Amid all other crises plaguing Europe at the moment, the financial problems engulfing Athens had temporarily slipped off the front pages. However, it was only a matter of time until they resurfaced. [...]

The opposite of Greece

The result of the Portuguese election suggests tough reforms and fiscal austerity can eventually pay off - politically and economically. [...]

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. [...]