Business Spectator
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.
Euro
Business Spectator
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.
Business Spectator
The euro has become a zombie currency
With apologies to Mark Twain, news of the euro’s survival are greatly exaggerated.
Business Spectator
The opposite of Greece
The result of the Portuguese election suggests tough reforms and fiscal austerity can eventually pay off – politically and economically.
Business Spectator
The China crisis could trigger fresh euro turmoil
For a change, Europe’s worries do not originate from the continent itself. Instead, they stem from the fallout of China’s dramatic slowdown.
Business Spectator
The third Greek bailout package is destined to fail
The third bailout package for Greece will not be the last. Once again, the eurozone is only buying time without addressing the real issues.
Business Spectator
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.
Business Spectator
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.
Business Spectator
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?
Insights
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.