In 2008, Europe’s leaders promised to discipline finance. Instead, it is Europe’s people that were disciplined
EU politics
Bill Mitchell: Europhile reform dreamers wake up – there will be no ‘far-reaching’ reforms
EU reform. There is much talk about it, but it does not happen. Bill Mitchell explains why it will remain so. Read here
EU politics
Ashoka Mody: Greek bonds now yield less than Treasurys, and that’s as irrational as it was in 2007
Today’s cheer in eurozone financial markets obscures a steadily weakening economic foundation Read here
Austerity
George Packer – USA: We Are Living in a Failed State
This is a powerful piece, which might make some people view the EU in its true condition: a failed union. Read here
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