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Curated by Project Syndicate

The Future of Europe

106 commentaries

After the election of President Emmanuel Macron in France and the return of a centrist grand coalition government in Germany, many hoped that the Franco-German axis would lead the European Union back onto the path of integration. In fact, the EU remains besieged on all sides: not only by Middle East turmoil, a borderline-hostile United States, and the constant threat of Russian aggression, but also from within, by Brexit, populist governments in Central Europe and Italy, and German recalcitrance on institutional reform.

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  1. op_eeckhout1_Alex WongGetty Images_bezoslaughing Alex Wong/Getty Images

    Market Power Is Eating the Economy

    Jan Eeckhout

    Today's record-breaking stock-market valuations are largely a reflection of genuine profit-making by a handful of firms that have benefited from new technologies. But those who are currently high on their stock portfolios should know that what's good for business is not always good for the market economy.

    shows how network effects and economies of scale are benefiting dominant firms at the expense of everyone else.
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  2. Brexit hat flag Jonathan Brady/PA Images via Getty Images

    Brexit Turns Five

    The United Kingdom’s vote in a referendum on June 23, 2016, to leave the European Union delivered a sharp populist shock to the political establishment there and throughout the West. Five years on, the consequences of that decision, for both the UK and EU, are coming more sharply into focus.

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