 AP Photo The eurozone suffers from the same folly that, in the 14th century, saw the Black Death blamed on everything bar its cause. TAGGED: Eurozone, EuropeRECOMMENDED ARTICLES| Economics, particularly economic theories, always yield in the end to political imperatives. That is why Europe’s fast-changing political landscape, reshaped by electoral insurrections in France and Greece against... more ›› |
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Francois Hollande's victory in France, state elections in Germany, and the political radicalization of Greece all signal a possibility for a revival of the left in Europe. A left-wing wave was anticipated with the... more ›› |
| Four years after the onset of the Great Recession, a second and possibly worse global slump is starting to seem possible. If this happens, governments won't be able to say they were taken by surprise. It will happen because... more ›› |
| How much pain can the countries under stress endure? Nobody knows. What would happen if a country left the euro zone? Nobody knows. Might even Germany consider exit? Nobody knows. What is the long-run strategy for exit from... more ›› |
| If to err is human, then so is to muddle through. In politics, as in ordinary life, humans tend to prefer the known to the unknown, often rightly, sometimes foolishly. The known may have faults, but at least they are familiar.... more ›› |
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