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Curated by Project Syndicate

The Euro at Bay

14 commentaries

The euro crisis - at a simmer for the past two years - has seemingly come to a boil. Elections in Greece, France, and elsewhere have challenged the status quo and threaten Germany's dominant position in the currency area's policy-making. How will the recent political and economic turmoil affect the future of the single currency? Project Syndicate's economic and political experts analyze the latest developments and their implications for the euro – and for Europe.

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  1. tyson93_Joe RaedleGetty Images_uscoronavirusunemployment Joe Raedle/Getty Images

    America’s Dual Recession

    Laura Tyson & Lenny Mendonca

    Before COVID-19 shut down entire sectors of the US economy, the US workforce was becoming increasingly polarized along educational, racial, and geographic lines. Now, those trends have been accelerating, underscoring the need for a smart, worker-focused policy response.

    worry that the pandemic is further polarizing the US labor market and the broader economy.
    1
  2. eichengreen144_Tetra ImagesGetty Images_eurodollar Tetra Images/Getty Images

    Dollar Sensationalism

    Barry Eichengreen

    The dollar’s fall in July to a two-year low against the euro was the catalyst for sensational headlines shouting that the dollar would soon meet its doom. But too much should not be read into the dollar's recent moves, which reflect readily explicable fluctuations, not the greenback's terminal decline.

    rebuts the idea that the dollar's recent weakening means that the global greenback has entered terminal decline.
    1

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