Euros & Dollars: Benefits From 20 Years in the EU
Since 2004, ten countries in Eastern Europe have proven that EU membership does not guarantee economic success.
Since 2004, ten countries in Eastern Europe have proven that EU membership does not guarantee economic success.
Bulgaria is on the cusp of joining the euro but has not yet set a firm accession date. They would be wise in waiting to give up their own currency.
Failure to meet ECB inflation expectations and lack of public support contributed to central bank’s decision.
Why is it so hard for the ECB to admit that inflation is a monetary phenomenon?
A combination of ominous economic forces beyond the control of the government will make minced meat of Sweden’s euro-skeptic holdouts.
Nine EU states are now in a recession. The ECB can help the continent ease the downturn, but they are up against bigger forces of economic stagnation.
The latest policy statement from the euro zone’s central bank is a harsh message to all governments that have budget problems.
After a long, agonizing encounter with monetary inflation, Europe is back to more normal levels of price increases. Ironically, that bodes well for the EU economy for the coming recession.
Jobless rates are rising, especially among young workers.
Low inflation and rising unemployment suggest that the ECB will soon abandon its tight monetary policy.
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