Tag Archives: euro area
Draghi plays a trump card
My book argues that the euro crisis illustrates the dilemmas confronting all countries in a global economy. It is not at heart the euro but the global financial system that is the source of these dilemmas. The chances for the survival of an integrated world financial and economic system are at stake in the battle…
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Banish Europe’s banking ghosts
The discussion about the need for a ‘banking union’ in the Euro area needs to focus on the key issues, just as does the debate on the euro crisis as a whole. What matters in deciding whether to assist a country to stay in the euro is its political will to reform. The test is…
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