Defanged by division: why the anti-euros can’t win
It is evident that the euro does not work.
It is evident that the euro does not work.
The consequences of Merkel’s mismanagement of the Greek problem will be with the Greeks for years.
For a committed market liberal it was a strange experience.
To escape from its current mess, Greece does not need more Sisyphus work.
If there was one word to sum up the whole body of economic theory, it would have to be ‘incentives.’ People act on incentives.
The choice left to Europe’s economically illiterate politicians is this: will they finally admit the euro cannot work for Greece (and other periphery countries)?
After the turbulent monetary history of Greece, it was surprising (to say the least) how easily Greece managed to become part of the eurozone.
The social unrest in the streets of Athens palpably demonstrates the dangers of letting public debt problems come to the boil.
Having spent the last few weeks in Germany, I returned to Australia more puzzled than ever about the country in which I grew up.
If international markets or European politicians want to know the future of the euro, they better not ask Germany’s constitutional court.
© Dr Oliver Hartwich