The single currency’s design isn’t perfect. But what’s really hampered its first 20 years, says Adam Tooze, are decisions freely taken by power-hungry men in Frankfurt
Read here
Economics
Michael Pettis – How Does Excessive Debt Hurt an Economy?
How high debt levels can force an economy to bear financial distress costs Read Here Photo: Jesper Rautell Balle licensed under the Creative Commons Attribution 3.0 Unported
Austerity
Thiemo Fetzer : Tory Austerity And Welfare Cuts Like Bedroom Tax Directly Caused Brexit, New Study Finds
Better late than never. Was Brexit then just a repudiation of UK austerity, or did voters understand the the political establishment in Britain were also part of broader EU policy? Read here
Finance
Nick Shaxson: If tax havens scare you, monopolies should too. And vice versa.
An excellent article, although rather long. So if you have an hour on the weekend to dedicate to erudition read HERE
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