Acton Institute Powerblog Archives

Post Tagged 'eurozone'

Explainer: What is Brexit, and Why Should You Care?

What is Brexit? British, Irish, and Commonwealth citizens will vote next month on the question “Should the United Kingdom remain a member of the European Union or leave the European Union?” Brexit is merely the shorthand abbreviation for “British exit,” which refers to the UK leaving the European Union. Continue Reading...

The Greek Economy: It’s Just Plain Ugly

Greece has had to deal with a very uncertain economic outlook over the past decade or so, but now it’s getting downright ugly. Greece owes over $1 billion this month in debt repayments, along with pensions, government salaries and other obligations. Continue Reading...

Eurozone Unemployment At Record Levels

“Abysmal.” That’s the word one reporter is using to describe the newly released numbers for Eurozone unemployment and inflation. The Eurozone (which includes 17 nations) is seeing miserable numbers: The ranks of the jobless swelled by 60,000 to a record 19.45 million, according to Eurostat, the European Union’s statistics agency. Continue Reading...

New E-Zone Unemployment Rates Should Raise American Alarm

Record unemployment rates in Europe have been published and they should alarm Americans. Why? Because we are headed in the same direction. Nile Gardiner, of The Telegraph, is quite sure of this: The United States isn’t just gliding towards a continental European-style future of vast welfare systems, economic decline, and massive debts – it is accelerating towards it at full speed. Continue Reading...

Samuel Gregg: Freedom in a Post-Euro Europe

Acton’s director of research Samuel Gregg is up at Public Discourse, with a piece titled “Monetary Possibilities for a Post-Euro Europe.” With his usual mix of sophisticated economic analysis and reference to deep principles, Gregg considers European countries’ options should the eurozone fail. Continue Reading...

Samuel Gregg: Europe Can’t Face Economic Reality

Protesters outside parliament on May 5 in Athens, Greece. On the blog of The American Spectator, Acton Research Director Samuel Gregg looks at how Europe refuses to address the root causes of its unending crisis: Most of us have now lost count of how many times Europe’s political leaders have announced they’ve arrived at a “fundamental” agreement which “decisively” resolves the eurozone’s almost three-year old financial crisis. Continue Reading...

Re: Die Hard — The Welfare State

News reports today on the Greek debt crisis are packed with scary terms like “implosion” and “financial doomsday” and “ebola” and “contagion.” The anxiety has ratcheted up considerably this week, and not just for EU heads of state but also for President Obama. Continue Reading...