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European Monetary Union

A Fading Vision of "Europe"?

Charles Heck | Posted 07.07.2013 | World
Charles Heck

All this has raised enormously the political stakes involved in sustaining the eurozone and European economic advancement. How can the needed sustained political heavy-lifting be accomplished if members no longer share a vision of political union in the long term?

Implications of Europe's Stumble in Cyprus

Daniel Wagner | Posted 05.19.2013 | Business
Daniel Wagner

Cyprus has, for the first time, demonstrated there is in fact a limit to what northern European countries will do to preserve the illusion that Euro land can remain a cohesive and equal entity.

The Euro: Bad Idea, Poorly Executed, Hard to Fix

David Backus | Posted 12.15.2012 | Business
David Backus

The euro crisis combines, in our view, a sovereign debt crisis and a banking crisis, with mutually adverse feedback between the two. But design flaws in the system magnified their impact and feedback.

August 1912

Neil McCarthy | Posted 10.09.2012 | Politics
Neil McCarthy

One hundred years from now, a new crop of historians will have spent their careers puzzling over the mindlessness of a governing class that ignored reality and assumed the worst could never happen.

The Euro Exit

Tom Cooley | Posted 08.14.2012 | World
Tom Cooley

EMU leaders are running out of time in their efforts to save the euro. Only decisive action can work -- and there still would be no guarantee of success. In the United States, it took a Civil War to settle that monetary union once and for all.

World Stocks Drop As Worries Over Greece Intensify

AP | PAMELA SAMPSON | Posted 07.14.2012 | Business

BANGKOK — Asian stock markets fell Tuesday, rattled by a political impasse in Greece that could lead the debt-stricken country to a disorderly a...

The Euro Has Been an Accident Waiting To Happen

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

I am currently reminded, in the these times of sustained concern about the Euro, that I used to say "It's an unstable equilibrium." It is like balancing a marble on top of an upside down bowl; once it starts to move it accelerates downward.