The Greek crisis and the future of the Eurozone

By: Paul De Grauwe

Sorting out the Greek crisis remains the absolute priority in the short-term.

Greek Competitiveness Is Not the Issue, Fiscal Discipline Is

By: Erik Jones

The simple fact of the matter is that Greece is having a fiscal crisis. It would have had that crisis whether or not it was in the eurozone.

Europe in Dire Straits – don’t be Brothers in Arms.

By: Henrik Enderlein

The case against bailing out Greece.

How should the Eurozone handle Greece?

The political pros and cons for no support, a European rescue and a call for the IMF.

The Euro Area's political constraints

By: Wolfgang Münchau

Not all policy solutions are possible in a monetary union. There are severely constitutional constraints.

When Does It Hurt?

By: Ansgar Belke

The exchange rate “pain threshold” for German exports is at $1.55 to the euro.

Fiscal policy in Central and Eastern Europe

By: John Lewis

Countercyclical but deteriorating with EU membership.

The problems with the Schäuble proposal

By: Wolfgang Münchau

The real bullet is not the EMF, but the exit clause, which could become a self-fulfilling prophecy.

Eurozone Meltdown

This is the first in a new series of regular briefing notes on important issues facing the euro area. In this briefing note we are asking whether the euro area could ever break up. We think not. But we are not as certain as we used to be.

Merel and Sarkozy: a couple at last?

By: Wolfgang Münchau

It is hard to believe judging by the last two and a half years, but the bilateral relations may be getting better, largely because neither country has an alternative.

The political consequences of Germany's constitutional court

By: Wolfgang Munchau

The latest ruling allows Germany to ratify, but is a severe blow to further European integration, especially in fiscal policy.

When debt levels diverge

By: Wolfgang Munchau

France and Germany are heading into opposite directions in fiscal policy. An interesting experiment.

Why Germany's export model will no longer work after the crisis

By: Wolfgang Munchau

If the US, the UK, and Spain can no longer maintain an excessive current account deficit, Germany, Japan and China cannot maintain an excessive current account surplus. This column maps out, how this adjustment process might work.