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Why is the eurozone different? Part 3
A statue holds up a symbol of the euro in front of the European Parliament building in Brussels. Getty Images The previous two posts Part 2 and Part 1 tried to explain why the sovereign debt of...
View ArticleThe G20 on the eurozone and fiscal policy
“Against the background of renewed market tensions, euro area members of the G20 will take all necessary measures to safeguard the integrity and stability of the area, improve the functioning of...
View ArticleWhat was Spain supposed to have done?
In January 2004, I attended a property conference in Switzerland, to give a talk on the European economy. I talked about the end of European catch-up on US productivity levels. But the most interesting...
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