Brexit: The menu is fixed.

Tuesday, June 28th, 2016

The German Chancellor tells British conservatives “You can’t have any pudding if you don’t eat your meat.” “Il faut bien faire une différence entre un pays membre de l’Union européenne et un pays qui ne veut pas en faire partie”, a insisté la Chancelière. Elle a souligné que si la Grande-Bretagne veut “avoir un accès […]

Krugman’s EUROmess Summary

Saturday, February 25th, 2012

“There are basically three stories about the euro crisis in wide circulation: the Republican story, the German story, and the truth.” The Republican story is that it’s all about excessive welfare states. OK, the German story is that it’s about fiscal profligacy, running excessive deficits. Finally, let’s look at the balance of payments — the […]

The Bell Tolls for Europe, Who Will listen?

Tuesday, February 21st, 2012

No man is an island, entire of itself…any man’s death diminishes me, because I am involved in mankind; and therefore never send to know for whom the bell tolls; it tolls for thee. John Donne (1572-1631) Europe is slowly committing suicide.  After 50 years of seeking a common path forward, nationalism is dividing Europe once […]