Greecing the Engine
Greece was not the first European country to obscure its debt in arcane derivative contracts.
Greece was not the first European country to obscure its debt in arcane derivative contracts.
The Euro is in trouble, and its current problems were predicted even before the currency’s introduction. In a recent piece for the Harvard Political Review, Gram Slattery explains why analysts who warned against the Euro were right and how the Eurozone should proceed. Read the full article at the Harvard Political Review.
British Prime Minister David Cameron, like other European leaders, recently voiced concern about immigration and multiculturalism. Ian Kumekawa writes for the Perspective, Cameron’s comments show a leader, “seeking to channel the social anxieties of a troubled populace into fear and hostility towards an even more vulnerable social group.” As Kumekawa explains, “[b]y singling out a group already hit hard by ... Read More
Conflict in Libya reveals flaws in the European Union's coordination capacity.
When I visited Estonia four weeks ago, I witnessed the bittersweet, albeit largely temperate, passing of the kroon, Estonia’s national currency since 1992. As I, and indeed most of the country, rushed to dump my krooni before Jan. 1st and the euro arrived, I nevertheless held on to a two-krooni note—a relic, no doubt, of a time that once was. After ... Read More
HPR staff writer Eli Martin has a piece in today’s Crimson criticizing European “Islamophobia.” I don’t want to baldly disagree with Eli that “outright discrimination toward Muslims in Europe is becoming a reality.” But I do want to complicate things a bit. Eli implies that burqa bans and the like could only be products of Geert Wilders-esque prejudice, neglecting a ... Read More
In a bold step intended to reduce poverty, the European Union will soon be providing some of the Continent’s poorest citizens with subsidized plane tickets and hotel rooms. The Toronto-based National Post reported on Monday that the European Union has declared traveling for tourism a human right, and is launching a scheme to subsidize vacations with taxpayer money for those ... Read More