Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.
Barry EichengreenPolitical union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.
Barry EichengreenMore than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.
Barry EichengreenAs for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.
Barry Eichengreen