Euros & Dollars: The ECB Just Made a Big Mistake
The ECB chief just ruled out raising interest rates. This is a big mistake that can cost the euro zone dearly in the coming recession.
The ECB chief just ruled out raising interest rates. This is a big mistake that can cost the euro zone dearly in the coming recession.
European interest rates rise and fall closely with American rates. This can be good for Europe, but it can also be bad, especially if America is hit by a fiscal crisis.
Here is why the seven EU member states who still have their own currency should stay out of the euro zone.
What can the past 20 years tell us about Europe’s economic future?
Just in time for the recession, Europe may see the benefits of lower interest rates.
On the surface, everything looks good for the Czechs to join the euro. But look a bit closer, and the picture changes dramatically.
In country after country, the economy is getting worse. What can governments do about it?
A euro-zone membership would put Sweden on a fast track to a fiscal crisis like the one in the 1990s. That would be bad: the country cannot absorb the fallout from repeating its disastrous mistakes from back then.
If Sweden were to join the euro, its economy would be less unstable, but more stagnant. The situation for Swedish households and domestic-oriented businesses would go from bad to worse.
A review of the economies of each of the 27 EU member states.
To submit a pitch for consideration:
submissions@
For subscription inquiries:
subscriptions@