The eurozone's sovereign-debt crisis both reflects and reinforces a banking crisis, most glaringly in Spain, but also in Italy, Ireland, and Greece. By instituting a common regulatory framework, the European Commission's proposal for a eurozone-wide banking union aims to sever the link between public debt and banks' solvency. Will it be enough to bring long-term stability to the eurozone?
Misinformation Decided the US Election
J. Bradford DeLong
asks why Donald Trump’s supporters overwhelmingly held a distorted view of the country’s situation.
