Monday, August 3, 2015
  1. The Government the Eurozone Deserves

    Yannos Papantoniou

    The Government the Eurozone Deserves


     warns that the common currency has no future without fiscal and political integration.

    Greek flag and EU flag Greek Parliament Michael Debets/ZumaPress

    A move toward fiscal and political integration is the price that Europe must pay to maintain its unity and global relevance. The alternative is inconsistent – if not arbitrary – enforcement of the current rules, inducing divisiveness among member states, and eventual fragmentation. READ MORE

  2. Can the Euro Be Repaired?

    Jean Pisani-Ferry

    Can the Euro Be Repaired?


     addresses what has quickly become the fundamental question facing the European Union.

    german euro coin Mouser Williams/Flickr

    When Wolfgang Schäuble, Germany’s finance minister, recently tabled the option of a Greek exit from the euro, he wanted to signal that no member country could abstain from the monetary union's rules. But his initiative triggered a much broader discussion of the euro’s governance and the very rationale for its existence. READ MORE

  3. The Profit-Sharing Economy

    Laura Tyson

    The Profit-Sharing Economy


     shows how broad-based employee-ownership programs can boost long-term economic growth.

    extreme wealth Domonkos Angi/Flickr

    As the income of the top 1% of US households soars, wages for the majority of American workers continue to stagnate, which is undermining long-term economic growth and prosperity. The introduction of more broad-based profit-sharing arrangements could be a key step toward ameliorating this trend. READ MORE

  4. Are US Middle-Class Incomes Really Stagnating?

    Martin Feldstein

    Are US Middle-Class Incomes Really Stagnating?


     argues that the median household's standard of living has risen far more than official data suggest.

    suburbia Doug/Flickr

    The challenge of raising the incomes of middle-class families has emerged as an important focus of the unfolding US presidential election campaign. Unfortunately, the political debate is distorted by misleading statistics that grossly understate how well middle-income families have actually done over the past few decades. READ MORE

  5. In Defense of Varoufakis

    Mohamed A. El-Erian

Focal Point

316 pages
316 pages

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