Posts Tagged Eurozone

It is not just the Euro. Southern Europe faces a major structural crisis

Major shocks to social and economic systems ruthlessly expose weaknesses which can be contained in more normal times.  When the price of oil quadrupled in 1973/74, the different levels of resilience in the labour markets of Western Europe were quickly revealed.  Inflation initially rose sharply everywhere.  By

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Integration won’t save the struggling Eurozone

Olivier Blanchard, the recently retired Head of Economics at the International Monetary Fund, has something of a track record with his predictions.  In 2013, he warned George Osborne that he was “playing with fire” with the UK’s recovery from the financial crisis.  Austerity had to be relaxed.

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