Heading into 2014, financial markets are quiet and Europe’s politicians are relieved, but the fundamental problems that have driven the euro crisis for the last four years remain. That is why complacency is misguided – and why the current respite should be used to address the eurozone's permanent architecture.
PARIS – Heading into 2014, financial markets are quiet and Europe’s politicians are relieved, but the fundamental problems that have driven the euro crisis for the last four years remain, and now is the time to address them. That is the claim of two important recent papers, one by a bipartisan group of German economists, lawyers, and political scientists called the Glienicker Gruppe, and the other by Ashoka Mody, a former International Monetary Fund official who is now at Princeton University and the European think tank Bruegel.
PARIS – Heading into 2014, financial markets are quiet and Europe’s politicians are relieved, but the fundamental problems that have driven the euro crisis for the last four years remain, and now is the time to address them. That is the claim of two important recent papers, one by a bipartisan group of German economists, lawyers, and political scientists called the Glienicker Gruppe, and the other by Ashoka Mody, a former International Monetary Fund official who is now at Princeton University and the European think tank Bruegel.