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Curated by Project Syndicate

Most Read of 2015

10 commentaries

The year that just ended witnessed an extraordinary array of economic and political challenges, including disunion in Europe, decelerating Chinese growth, and deepening turmoil in the Middle East. Understand what happened – and what to expect – with the year's ten most-read Project Syndicate commentaries.

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  1. stark8_ Arne Dedertpicture alliance via Getty Images_ecb Arne Dedertpicture alliance via Getty Images

    The ECB's Existential Dilemma

    Jürgen Stark, et al.

    For years, the European Central Bank has been succumbing to political interests and pursuing objectives beyond the scope of its primary mandate: maintaining price stability. But now that inflationary pressures are building, the ECB’s credibility is on the line.

    warns that the European Central Bank’s politicization will catch up to it in the new inflationary environment.
    1

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