Word: europeanate
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...richer member states are understandably hesitant to bail out their flailing colleagues, hesitant at the idea of saving governments that clearly acted as irresponsible economic stewards. Yet they really do not have a choice in the short-term, as any European national failure would absolutely devastate the continent as a whole. In addition, blame does not lie entirely on some admittedly inept governments. While it would be hard to find a country that was managed with as little economic integrity as Greece, all of Europe’s countries had access to easy credit and were members of a very...
...major step the EU must take is to develop more political and fiscal integration. The optimal economic solution would be a fully integrated fiscal system in which a central European government made decisions in a structure similar to the U.S. Thus, monetary and fiscal policy would be coordinated on the same scope, and Europeans would not have to worry about a single member state bringing down the entire economy, just as no one worries about California’s fiscal problems hurting the stability of the dollar. European countries, accustomed to full sovereignty, are used to full independence, and therefore...
...Center for European Studies...
...believe some European politicians, there may be a sinister force behind the economic crises currently convulsing Greece and Spain and threatening the stability of the euro. They believe the problems in the two countries did not happen by accident or even as a result of poor financial planning, but were instead planned all along in order to destabilize the euro. One can almost picture a bald man with an evil laugh stroking a white cat in a hollowed-out volcano and plotting world domination...
Gold theft aside, is there any truth to the other conspiracy theories being circulated? "This certainly has some entertainment value," says Johnny Munkhammar, a research director at the European Enterprise Institute, a Brussels-based think tank aimed at promoting entrepreneurship. "But the idea that any of these theories have anything to do with creating the current crisis is, of course, ridiculous." He says Greece is to blame for its own mess, having amassed a huge pile of debt from years of statistical fraud in Greece's public-accounts sector. "Politicians turn to conspiracy theories because they feel they need someone...