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

    Yannos Papantoniou

    The Government the Eurozone Deserves

    0

     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?

    11

     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

    8

     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?

    32

     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

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316 pages
316 pages

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