The debate over reforming the Eurozone has shifted from economic to political grounds.
On the Newsstand:Eurozone
The choice Europe faces is not between a less integrated and a more integrated Eurozone, but between an effectively integrated Eurozone or none at all.
The Euro is in trouble, and its current problems were predicted even before the currency’s introduction. In a recent piece for the Harvard Political Review, Gram Slattery explains why analysts who warned against the Euro were right and how the Eurozone should proceed. Read the full article at the Harvard Political Review.
So today the European Union issued its long-awaited statement on whether or not it would bail out Greece. The answer was a clear and unambiguous signal to global financial markets: maybe-kinda-sorta-let’s-see-where-it-goes-from-here-and-then-we’ll-talk. For those who haven’t been keeping score at home, Greece is in quite a bit of financial trouble (much like California), due to government revenue dropping dramatically and spending ... Read More