EU’s easy-money endgame

Commentary / World Mar 31, 2015

EU’s easy-money endgame

by Hans-werner Sinn

The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. Only one difference exists between the two episodes: In today's crisis, huge international rescue packages have been available. These rescue packages have relieved the eurozone's financial distress, ...

Editorials Sep 9, 2014

Reform key to eurozone growth

The surprise move by the European Central Bank to lower its main lending rate from 0.15 to 0.05 percent and to push the overnight deposit rate further into negative territory indicates the central bank's fear that the stagnating eurozone economy will fall into ...