Editor’s Note: The following is an edited version of the Irish Business and Employers Confederation Annual Lecture, delivered in Dublin on M…
LONDON – As Europe’s financial crisis goes from acute to chronic, the dispute over who will bear the costs of resolving it is fueling the em…
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…
DUBLIN – Europe’s needs and Europeans’ desires are at odds. At a time when strong, coordinated action is needed to stave off financial colla…
BERLIN – Just weeks ago, the worst of the financial crisis in Europe seemed to be over. Stability seemed to be returning. But appearances pr…
BRUSSELS/MEXICO CITY – Since the global economic downturn began in 2008, debate has centered on the macroeconomic strategies and instruments…
FRANKFURT – The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor r…
ATHENS – The Cyprus bailout deal is a watershed in the unfolding eurozone crisis, because responsibility for resolving banks’ problems has b…
PRINCETON – In recent years, the European Union – or, more accurately, the powerful countries of northern Europe – has been subjecting its w…
BRUSSELS – The root of the problem in Cyprus is well known. Its two major banks had attracted huge deposits from abroad, largely from Russia…