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Friday, August 19, 2011

Two Tiers Fiscally in the E.U.: Too Simplistic

Stephen Castle of the New York Times puts the main question regarding E.U. reforms oriented to preventing state governments from being overburdened with debt as follows: “Is the euro more in need of Germanic fiscal stability or the growth and stimulus policies that France traditionally champions?” I contend that there are bigger fish to fry that unfortunately go largely unnoticed in Castle’s article.

The full essay is at "Essays on the E.U. Political Economy," available at Amazon.