May 9, 2012

Europe turns on its leaders

It was a bitter weekend for Europe. In elections across the continent, voters expressed displeasure with their political leaders. The results were no surprise and reflected deep concern about economic policy and, especially, the impact of the austerity measures that have been adopted to ...

May 2, 2012

Getting weary of austerity

The results of the first round on April 22 of the French presidential election underlined that France’s economic stagnation caused by the 2008 Lehman Brothers shock and the eurozone sovereign debt crisis was an important factor. They point to people’s strong dissatisfaction with the ...