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Tag Arşivi: European Central Bank

Only Germany Can Save Europe

The euro crisis is back with a vengeance — and only Berlin can pull the continent from its economic doldrums. The crisis in the eurozone is rearing its ugly head again. European markets tumbled early this week in what one investor called a “perfect storm” of bad economic news, dragging the U.S. stock market down with it. And the fundamentals of many …

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Why Would Anyone Want to Join the EU?

The European Union is flailing, feckless, and fundamentally undemocratic. Following Croatia’s vote (albeit on only 44 percent voter turnout) in January to join the European Union, Serbia has now also been accepted as a candidate for membership. This is its reward for agreeing to acompromise with Kosovo, mediated by the EU, whereby Kosovo will be written with an asterisk at international and regional meetings to …

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Why It Won’t Be a Tragedy If Greece Defaults

European leaders are working around the clock to prevent a Greek default — as if they had a choice. European leaders have been scurrying around for quite some time in an effort to prevent a Greek default. But all the activity has obscured two fundamental questions: Is it even possible to prevent Greece from defaulting at this point? And would …

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