Is the European Union doomed to fail? So far it looks like the member states of the European Union (EU) have chosen to widen their borders instead of further deepening their economic and political integration. Though the Euro, the region’s monetary system, did well for a while, its future has been threatened since the world economic crisis of 2008. The region’s largest economies, like Germany, have been throwing money at Greece in order to stave [...]
I’ve been trying to work out exactly what options are available to the Eurozone countries in the current economic climate. Angela Merkel has said that the politicians will not simply go along with what the markets want them to do. While no doubt meant as a show of strength where ther In reality, our economies follow a capitalist approach, which means that the politicians, as the Iron Lady once said, ‘can’t buck the markets’. Greece [...]