Pascal Salin, professor emeritus of economics at the Université Paris-Dauphine, argues for the Wall Street Journal that there is no such thing as a Euro crisis:
The “euro crisis” is a pure political construction without any economic content. It could even be said that the crisis is a splendid opportunity for many politicians to impose some of their longstanding goals on everyone else.
Advertisements
[…] people, the European Union was chosen for this year’s Nobel Peace Prize. Let aside the so-called Euro crisis, and neglect the bureaucratic mess, what the EU has caused by its agricultural subsidies alone is […]