LONDON – Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But the eurozone’s le…

MILAN – Charles P. Kindleberger, the great economic historian, once noted that the Great Depression was so deep and so long because of “Brit…

PITTSBURGH – On a recent visit to Greece, French President François Hollande declared that Europe’s decline was over, and urged French compa…

MANNHEIM – The European Union’s policy of saving the euro at all costs is enough to guarantee the euro’s survival. But is preserving the “on…

PARIS – Dire conditions can permit what was once unthinkable to push its way into public debate. In France, the idea that now dares to speak…

WASHINGTON, DC – In July 2012, while addressing bankers in London, European Central Bank President Mario Draghi likened the euro to the bumb…

LONDON – When the European Council next meets, on February 7, it should look at private investment as a means to kick-start Europe’s stagnan…

LONDON – Europe’s great success in 2012 was to avoid becoming another of history’s failed monetary unions. European Central Bank President M…

PRINCETON – While all eyes have been on the European periphery, has the core been cracking? The Bundesbank has lowered its forecast for Germ…