The Problem with Labour Moblity: Opportunity is not Enough

It is a well known fact that labour mobility is low in the E.U, despite the disparate strength of member countries' economies. In fact, only 0.2% of EU citizens move to work in another country in any given year. Far lower than the 2% to 2.5% of Americans who change States in any given year. … Continue reading The Problem with Labour Moblity: Opportunity is not Enough

Opposing Political and Economic Forces Set to Tear Eurozone Apart

Nouriel Roubini has criticized the European Central Bank for being a lender of last resort - a buyer for European bonds when interest rates become unsustainably high. However, politics is stopping the use of monetary policy, which could soften the economic blow to countries facing severe austerity measures. In a NY times piece today, a … Continue reading Opposing Political and Economic Forces Set to Tear Eurozone Apart

The Possible End of the Euro in Peripheral Countries

As German Chancellor Angela Merkel announced yesterday, the only way forward for the Euro is for a full political and fiscal union of the member countries. With small peripheral Euro economies, the need for political and fiscal integration was apparent from the start. However, lacking political will, it was impossible to implement. Now with anti-EU … Continue reading The Possible End of the Euro in Peripheral Countries