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Lasting euro success requires bolder proposals

Financial Times, by A. Sapir & J. Pisani-Ferry - The Commission is right to claim that the euro is a resounding success: the transition to the new currency was astonishingly smooth and, for all the talks about break-up, the reality is one of a steady increase in membership of the eurozone. /…/ The Commission is also right to admit that the euro has fallen short of some initial expectations.

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Success Breeds Failure

NY Times, by Paul Krugman - Cross your fingers, knock on wood: it’s possible, though by no means certain, that the worst of the financial crisis is over. That’s the good news. The bad news is that as markets stabilize, chances for fundamental financial reform may be slipping away. As a result, [...]

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What the Fed Could Learn from Europe’s Central Bank

Spiegel - Never before have the central banks of the United States and Europe pursued such divergent strategies when it comes to dealing with a financial crisis. The increased value of the euro against the dollar reveals which strategy is working.

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