https://sputniknews.com/analysis/201901051071233435-eurozone-fragmentation-euro-economy-issue/ Collapse of the European Integration ‘is on the Cards’ – Professor 06:06 05.01.2019 With 2019 beginning and the EU as fractured as ever, increasing scrutiny has been placed by leading economists on the bloc’s single currency the EU. Which they argue has caused more harm than good. Sputnik spoke with Stavros Mavroudeas, Professor of Political Economy at the University of Macedonia for...
Read More »Bill Mitchell — IMF finds the Eurozone has failed at the most elemental level
The IMF put out a new working Paper last week (January 23, 2018)) – Economic Convergence in the Euro Area: Coming Together or Drifting Apart? – which while they don’t admit it demonstrates that the Economic and Monetary Union (EMU) has failed to achieve its most basic aims – economic convergence. The stated aim of European integration has always been to achieve a convergence in the living standards of those within the European Union. That goes back to the 1957 Treaty of Rome, which...
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