Jean Pisani-Ferry
Is the Euro Crisis Over?
BRUSSELS – Financial crises tend to start abruptly and end by surprise. Three years ago, the euro crisis began when Greece became a cause fo…
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After years of austerity, social unrest, and financial volatility, the ECB’s commitment to unlimited bond purchases, together with agreement to create a European banking union, seems to have calmed markets and stabilized borrowing costs in the eurozone. But has Europe really escaped the crisis, or – as Italy’s election suggests – has it merely passed through the eye of the storm?
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Joseph E. Stiglitz
What is Italy Saying?
NEW YORK – The outcome of the Italian elections should send a clear message to Europe’s leaders: the austerity policies that they have pursu…
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Ashoka Mody
A Rest Stop for Europe
PRINCETON – Last week, in a highly anticipated speech, German President Joachim Gauck cautioned against the blind pursuit of an “ever-closer…
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Hans-Werner Sinn
The Collateral Damage of Europe’s Rescue
MUNICH – The eurozone is now in its sixth year of crisis – and of efforts by the European Central Bank and the international community to en…
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Gene Frieda
Chronic Europe
LONDON – Europe’s great success in 2012 was to avoid becoming another of history’s failed monetary unions. European Central Bank President M…
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Harold James
Why Europe?
PRINCETON – What is the point of Europe? The threat of an explosive disintegration of the eurozone – and with it of the European Union – is …
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Joschka Fischer
Europe’s New Year’s Irresolution
BERLIN – Will the eurozone crisis end in 2013, or will it drag on throughout the year, and perhaps even deteriorate anew? This is likely to …
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Jean Pisani-Ferry
The Euro’s House Divided
BRUSSELS – The European Commission’s latest economic outlook paints a disheartening picture: unemployment rates close to or above 5% in Aust…
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Jeffrey Frankel
Will Europe’s Fiscal Compact Work?
CAMBRIDGE – At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th cou…
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Brigitte Granville
The French Disconnection
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…
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