eurodoom

Yes, Europe really is in the throes of austerity

Larry Summers - and conventional wisdom - say Europe has been experiencing austerity. A Heritage scholar disagrees. So who's right?

  • Dylan Matthews
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  • Jun 5, 2013

Cyprus, Luxembourg, Italy or Malta: Which country will unravel the euro zone?

If destruction be Europe's lot, an EU nation itself must be its author and finisher. So what are the likely candidates?

  • Dylan Matthews
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  • Mar 30, 2013

The euro has been a massive failure. So why does Poland want in?

Poland decided its economy was too healthy and so now it's going to try to join the Euro.

  • Dylan Matthews
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  • Mar 27, 2013

Is the EU making progress? Experts answer with a resounding ‘sort of.’

Experts say the EU is making progress on regulation, banking, and fiscal matters — but not much.

IMF: Budget cuts hurt growth a lot. But tax increases barely matter.

According to a new study, each dollar in spending cuts knocks $1.80 off of growth. But tax increases barely hurt growth at all.

The United States is set to repeat Europe’s fiscal mistakes

If nothing changes, we're set to replicate all the costs of European austerity, and none of the meager benefits.

  • Dylan Matthews
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  • Nov 9, 2012

Five reasons why the E.U. deserved the Nobel Peace Prize

The Nobel Peace Prize this year went to the European Union, which prompted cackles at a time when the EU, or at least its common currency, appears on the brink of collapse. But if you look past the snark, there's a strong case for giving it the prize.

  • Dylan Matthews
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  • Oct 12, 2012

The scariest chart in the world today

Think of the euro zone as a single political body afflicted by a cancer. Greek bond yields are where the cancer began: It's bad, and if the cancer can't be beaten into submission, the euro zone might have to amputate Greece. That would be painful and horrible, but it can be done. Spanish bond yields are where we see whether the cancer has metastasized into the vital organs.

  • Ezra Klein
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  • Jul 23, 2012

Wonkbook: The pain in Spain falls harder on the bond yields

Spanish bond yields are at record highs. Greece is back in crisis. And the stopgap solutions Europe has been falling back on in recent mnths have ceased working.

  • Ezra Klein
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  • Jul 23, 2012

Was there an Icelandic miracle?

A somewhat esoteric debate has broken out between the Council on Foreign Relations' geoeconomics team and Paul Krugman.

  • Dylan Matthews
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  • Jul 3, 2012

Europe contemplates (tiny, possibly nonexistent) stimulus

European leaders announced today that they were preparing a $163 billion stimulus for the euro zone. That sounds like a big deal... until you look at the details.

  • Brad Plumer
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  • Jun 22, 2012

The newest German plan to bail out Europe likely won’t work. If it even exists.

A Guardian report indicates that Germany is ready to bail out Italy and Spain. But the modest plan is unlikely to be sufficient.

  • Brad Plumer
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  • Jun 19, 2012