A Macroeconomic Background to the Eurozone Crisis

anthony ferreira

Because imaging the future implies understanding the past and present, we decided to complete this Eurozone scenarios project with a rich macroeconomic analysis. Of course, this statistical annex is not exhaustive as it is focused only on the Eurocrisis’ main trends and economic indicators since 2000. Conceived as a complement to the report mapping scenarios [...]

The End of the World as We Know It

Rodrik

Consider the following scenario. After a victory by the left-wing Syriza party, Greece’s new government announces that it wants to renegotiate the terms of its agreement with the International Monetary Fund and the European Union. German Chancellor Angela Merkel sticks to her guns and says that Greece must abide by the existing conditions. Fearing that [...]

To Be or not to Be: The State of the Euro in 2012

awatt

2011 was supposed to be the make-or-break year for the euro. First it was weeks, then just a matter of days to save the euro. Yet, 2012 has begun and we are still paying our taxes and bills are writing our contracts in euros. Not only here in Brussels, but also in Bologna, Barcelona, Braga [...]