Europe’s Procrustean Nightmare
Henkel, Hans-Olaf. The European Union’s policy of saving the euro at all costs is enough to guarantee the euro’s survival. But is preserving the “one-size-fits-all” euro really worth sacrificing the eurozone’s competitiveness and, ultimately, European solidarity? Πηγή: Project Syndicate πλήρες κείμενο
Budget balance, structural unemployment and fiscal adjustments: The Spanish case
Andrés, Javier, Doménech, Rafael. Fiscal adjustment and structural reform are key parts of Eurozone bailout packages (or key features of government policy that aims to avoid such bailouts). This column argues that patience is the most prized virtue of policymakers implementing fiscal adjustment and structural reform. Reducing unemployment and fiscal consolidation are mutually reinforcing, but they […]