Europe has come to praise democracy and is about to bury it. The Greek crisis, caused by the uncooperative behaviour of different nation states, has been a wake-up call showing that monetary union without an economic government will not work in the long run. Reforms are needed. Yet, because they widen the democratic deficit, the [...]
Tough Challenges Ahead as Austerity Measures Hit Europe
11/06/2010 by
As Europe struggles to get to grips with the global financial crisis, we are seeing governments apparently determined to outdo each other in the severity of their austerity packages. Next in line will be the new British government, which later this month will set out what promises to be very harsh measures for cutting the [...]
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