Euro

BREXIT has shown that the EU cannot continue to do more of the same. It is time for a fundamental change of course. If this is not achieved, it will come to uncontrolled, confrontative or even explosive ruptures. If we want to prevent this, clarifying the currency issue is urgent and unavoidable. This is a key issue for the future of the EU -although not the only one. This is the core message of the following Appeal, formulated before the BREXIT decision.

Financing vs. Spending Unions: How to Remedy the Euro Zone’s Original Sin By Thomas Palley In economic policy, timing isn’t everything, it’s the only thing. The...

There can be no doubt that the German “stability-oriented” approach to European unity has failed dismally. It is high time for Europe to contemplate the option of a German exit from the Eurozone – #Gexit – since this might be the least damaging scenario for Europe to emerge from its euro trap and start afresh.

By Dimitris Konstantakopoulos According to a reliable source in Caracas, as Hugo Chávez was dying he called his chosen successor Maduro. Among other things he...

By Waltraud Schelkle In a recent conference, the distinguished economist Paul Krugman repeated the oft-heard critique that the eurozone is not an optimal currency area. Waltraud...

By Takis Fotopoulos 1.The historical background of Brexit The June referendum on whether Britain will remain a member of the EU or not is in fact...

Stefano Fassina was Vice Minister of Economy and Finance of Italy, but he left the government after a disagreement with policies of PM Mateo...

  A new labour law, commonly referred to as the ‘El Khomri law’ after the French Minister of Labour, Myriam El Khomri, has generated significant...

In July 2015, the SYRIZA leadership signed the Third Memorandum with Creditors. By doing it, it violated the legally bounding verdict of the referendum...

by Wolfgang Streeck To understand the conflicts that have erupted in and around the Eurozone over the past five years, it may be helpful to...