Eurozone

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Poll: Will Angela Merkel’s Position on Financial Reform in Europe Soften?

A large majority of the 667 respondents, 81%, said no: They expect the German chancellor’s famously austere stance toward Europe’s economically struggling nations to remain the same. This view is consistent with Merkel’s own post-election statements, in which she continued to iterate her opposition to a temporary debt repayment fund, despite widespread European support. Read more

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Book Review: Europe’s Unfinished Currency: The Political Economics of the Euro

Europe’s Unfinished Currency: The Political Economics of the Euro

Thomas Mayer argues persuasively that Europe’s Economic and Monetary Union (EMU) could work if the member states would embrace a new EMU architecture. Even though all past monetary unions of sovereign states have failed, Mayer remains hopeful that the EMU can develop a more robust framework and contribute to the historical work of European unification. Read more

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