mainly macro: Does politics dominate economics in Eurozone crisis management? – Simon Wren-Lewis

Map of Cyprus with EU flag

Map of Cyprus with EU flag (Photo credit: Wikipedia)

This is a MUST READ article by top Oxford economist, Simon Wren-Lewis. Check it out!

mainly macro: Does politics dominate economics in Eurozone crisis management?.

This article is largely about Cyprus and how it was stitched up by the EU and how Germany gained from the crisis.

Ultimately, the French/German stitch-up has backfired and the people of Europe have turned against the EU.

Surely, for the EU to regain credibility country’s like Cyprus must be given a new deal?

Any thoughts?

 

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