As the financial crisis in the euro zone grows worse, Europe’s leaders, opinion makers, and citizens are looking for answers.  What’s the full extent of the damage?  Who’s insolvent?  What should be done to mitigate the damage and what’s actually politically feasible?  The conventional wisdom in economics has shown that it’s not up to the task of providing these answers.  Come here for all the latest news, opinions, and research on Europe from the world’s leading economic minds.  This is new economic thinking for a new economic crisis.

Blogs and Commentary

As Goes Cyprus, So Goes the European Union

 

All of a sudden, tiny Cyprus is making headlines. How could such a small country, with an economy approximately the size of the State of Maranhao, create such big problems?

Are Eurobonds Necessary? A Response to the INET Euro Council Report

(This article, originally written by Beatrice Weder di Mauro, was translated from German. You can find the article as it appeared in Handeslblatt, a leading German business paper, here)

Are you sick of hearing them? The warnings about the looming downfall of the euro zone? Are you tired of the crisis and convinced that we need no longer listen to economists? After all, the world has kept on turning, Europe hasn't crumbled. The economists are just arguing.

INET Council Member Expresses Shock at Financial “Betrayal” in Europe

Professor Luis Garicano of the London School of Economics expressed his shock at the "betrayal" by Germany, the Netherlands and Finland of the agreements in the June 29 euro summit, and at the recent statements against a banking union and against legacy cost burden sharing by the Bundesbank´s President Jens Weidman.