It is useful to begin a discussion of the euro crisis by facing up to the problems inherent in monetary union. One possible view is that…
Germans cannot agree to unlimited bailouts of euro members. On the other hand, if they had insisted on the founding principles (fiscal…
This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and…
This note attempts a concise yet comprehensive overview of the crisis still facing the eurozone, in the areas of competitiveness, fiscal…
We investigate the impact of the diffusion of high-speed Internet on different forms of political participation, using data from Italy. We…
Last month, the new president of China, Xi Jinping, chose to travel to Moscow for his first foreign visit. He and Russian President…
Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the birth of the euro,…
At the start of 2013, the eurozone’s “fiscal compact” entered into force, owing to its ratification on December 21 by a 12th country,…
In the French parliament’s recent debate on Europe’s new fiscal treaty, the country’s Socialist government vehemently denied that…
Why do countries find it so hard to get their budget deficits under control? Systematic patterns in the errors that official budget…