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Mark Harrison
7 February 2012
1 comment

Why didn’t Europe's builders stop with the single market? The European single market was a huge achievement. Enacted between 1987 and 1992, it eliminated many physical, technical and...
Philip Booth
20 January 2012
3 comments

Many UK economists are pretty sanguine about euro break-up. Patrick Minford, for example, in the minutes of the Shadow Monetary Policy Committee this month wrote that tales of disaster have little...
Adam Tebble
6 January 2012
2 comments

BBC Online recently produced an informative presentation entitled ‘What really caused the eurozone crisis?’ Taking the reader through a number of key steps and moments, it shows in...
Alberto Mingardi
19 December 2011
1 comment

Unfortunately prime minister Mario Monti appears not to have read the insightful comment by Philip Booth, who suggested that ‘a radical programme of economic reform in Italy and elsewhere...
Philip Booth
28 November 2011
1 comment

Last week, the IEA held a discussion on the EU. There were some prominent euro enthusiasts there, together with a large number of sceptics. I was somewhat surprised by the enthusiasm of the free-...
Holger Zemanek
24 November 2011
comments

The results of the last EU summit were labelled by politicians as the final step to resolve the eurozone debt crisis. The member states’ guarantees to the EFSF, the supranational rescue fund...
G. R. Steele
23 November 2011
comments

Mainstream macroeconomics presents monetary and fiscal interventions as independent policy options, and this spills over to institutional structures. In the UK, for example, the Bank of England and...
G. R. Steele
17 November 2011
comments

The European Central Bank (ECB) sits at the centre of a clearing system (‘TARGET2’) for national central banks (NCBs) within the eurozone. The pattern that has built up, particularly...
Philip Booth
15 November 2011
1 comment

Mario Monti has the technical ability to deliver much needed privatisation and liberalisation, but whether he is able to survive the rigours of democratic politics is another matter. When the euro...
Richard Wellings
27 October 2011
3 comments

European leaders are advocating greater fiscal integration in response to the ongoing euro crisis. Despite their professed euroscepticism, David Cameron and George Osborne have offered their...
Philip Booth
7 October 2011
2 comments

Recession in the eurozone could trigger widespread sovereign defaults The eurozone sovereign debt situation is on a cliff edge. This may sound like a statement of the obvious given the chaos...
Holger Zemanek
3 October 2011
1 comment

Last week the European Commission presented its proposal for a financial transaction tax (FTT) for the EU27. The new tax is supposed to be on all kinds of financial transactions in regulated and...
Kristian Niemietz
21 September 2011
1 comment

The complete loss of economic common sense in the Eurozone, which we have seen over the past one and a half years, would be less depressing if it had been driven by politicians with an explicitly...
Philip Booth
20 September 2011
comments

There is much discussion about how to deal with the indebtedness of eurozone countries. Economic analysis is not straightforward, of course. We always have to be aware of the "...
Nick Hayns
14 September 2011
3 comments

Writing an article on the fate of the eurozone in recent times has been something of a fool's errand. No sooner has the ink dried on the page, or the printer whirred into life, than a news...
D. R. Myddelton
9 August 2011
5 comments

It is in times like these that one appreciates the advice the Irishman gave the tourist seeking directions: ‘If I were you, I wouldn’t start from here.’  In recent days...
André Azevedo Alves
29 July 2011
1 comment

The severity of the current Portuguese crisis results from a mixture of internal and external factors. After an initial boost in the second half of the 1980s fuelled by EU membership and some...
Kristian Niemietz
4 July 2011
2 comments

A man comes in to his regular delicatessen shop and blurts out at the owner, ‘You need to help me out! The bank is cutting my credit line, just as a big instalment to my other bank comes due...
Philipp Bagus
28 June 2011
2 comments

A second aid package to the Greek government hinges on severe austerity measures. Why doesn’t Greece simply default and leave the euro as so many Greek protestors demand on the streets...
Alberto Mingardi
20 June 2011
3 comments

Late last year Philip Booth and I proposed a solution to the euro crisis in an article for the Wall Street Journal. This would not resolve all the problems - indeed one of the purposes of the...
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