Word: integrationism
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Barroso sees this is a crisis-driven leap into further European economic integration. Euro-zone finance ministers are already putting Greece's budgetary policies under more scrutiny than any member state has ever had to endure - and there are now suggestions that similar measures could be taken with economic policies...
The European Union was initially hailed throughout the world as “the European miracle,” a triumph for supranational organizations and international unity. Banded together in a monetary and trade-based union, the EU experienced rapidly rising living conditions and surprisingly harmonious relations. The last few...
The major step the EU must take is to develop more political and fiscal integration. The optimal economic solution would be a fully integrated fiscal system in which a central European government made decisions in a structure similar to the U.S. Thus, monetary and fiscal policy would be coordinated on...
However, Hancké describes a scenario in which continued market doubts could drive the value of Greek bonds to junk status, confounding outside efforts to bail Athens out and forcing Greece to simply abandon the euro before it drags the currency down to nothing. "Once that happens, markets then turn...
An original version of the Feb. 18 news article "Gordon Discusses Eastern European Integration" stated that the Harvard Kennedy School lecture drew about 50 audience members. In fact, the number of attendees was over 70.