The euro has been showing surprising strength. But is the eurozone as heathy as its currency? A window has opened for eurozone reform, if Angela Merkel and Emanuel Macron can agree on a way forward.
sees a way forward for Franco-German cooperation to reform the eurozone.
Rather than reducing concentrated market power through “disruption” or “creative destruction,” technological innovation historically has only added to the problem, by awarding monopolies to just one or a few dominant firms. And market forces offer no remedy to the problem; only public policy can provide that.
shows that technological change leads not to disruption, but to deeper, more enduring forms of market power.
The passing of America’s preeminent foreign-policy thinker and practitioner marks the end of an era. Throughout his long and extraordinarily influential career, Henry Kissinger built a legacy that Americans would be wise to heed in this new era of great-power politics and global disarray.
reviews the life and career of America’s preeminent foreign-policy scholar-practitioner.
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坎布里奇—富有战斗精神的希腊前财政部长雅尼斯·瓦鲁法基斯(Yanis Varoufakis)和他的敌人、德国前财政部长沃尔夫冈·朔伊布勒(Wolfgang Schäuble)就瓦鲁法基斯任职期间的希腊债务问题斗得不可开交。但对于欧元区未来的核心问题,他们的意见完全一致。货币联盟需要政治联盟。没有中间道路可走。
这是瓦鲁法基斯对其财政部长生涯的精彩论述中的一个有趣的结论。“你也许是[欧元集团中]认识到欧元区不可持续的人之一,”瓦鲁法基斯说朔伊布勒这样对他说,“欧元区的结构有问题。我们应该有一个政治联盟,这一点毫无疑问。”
当然,对于政治联盟的目的,朔伊布勒和瓦鲁法基斯是有分歧的。朔伊布勒将政治联盟看成从中央向成员国施加财政纪律、约束它们并防止“不负责任的”经济政策的手段。瓦鲁法基斯认为政治联盟能放松债权人对希腊经济的压力,并为整个欧洲的进步政治创造空间。
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