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There Is No 'Euro Crisis'
Keywords:
A German view of bailouts by the president of the Ifo Institute in Munich
05/26/2010
Hans-Werner Sinn of the Ifo Institute says Germany has already done its part, and socialization of losses in Europe- through eurobonds or other measures- is dangerous. Something he says, even the U.S. avoided doing in the 1830's and 1840's when it let 8 states go bankrupt.
Grouped Articles
Elites Flock to Anti-Euro Party, Alternative for Germany
New York Times 04/14/2013
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
New York Times 05/26/2010
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Germany Open to Deal on Pooling Euro Debt, With Limits
New York Times 06/04/2012
Germany Can't Fix the Euro Crisis
New York Times 06/12/2012
The American experience in dealing with debt of the states in 1790 and 1840 and lessons for the eurozone
02/03/2012
The federal government in the U.S. took on state debt in the 1790's on the grounds that this was incurred in the fight for independence. In 1840 the federal government refused to assume state debt and the states defaulted on their debt. The result says Sargent were beneficial because the states passed balanced budget rules to avoid reckless spending and this helped preserve states rights to manage their finances. This has lessons for the EU and the ECB as it deals with the crisis in Greece and other states with reckless spending, says Sargent.
Grouped Articles
An American History Lesson for Europe
Wall Street Journal 02/03/2012
Wall Street Journal 07/18/2012
E.C.B. Sees a Healing Euro Zone but Warns of Risks
New York Times 12/14/2012
Angela Merkel's handling of the financial crises in eurozone countries
04/29/2010
The German response to the debt crisis in the eurozone and the events in 2011-2012.
Grouped Articles
As Greek Drama Plays Out, Where Is Europe?
New York Times 04/29/2010
Germany Clears Rescue for Greece
New York Times 05/03/2010
Economist 05/13/2010
Germans Respond to Merkel's 'Motherly' Side
Wall Street Journal 08/23/2013
Merkel Wins Big in German Election
Wall Street Journal 09/23/2013
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
The 2011 Christian Democratic Union Party Convention in Leipzig, Germany
07/13/2011
It was at the 2003 CDU convention in Leipzig that Angela Merkel told delegates that the CDU would return Germany to it position of economic leadership in Europe.
Grouped Articles
Wall Street Journal 07/13/2011
Merkel Offers Her Election Manifesto
New York Times 06/24/2013
Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
Merkel Party Seeks Euro Exit Policy
Wall Street Journal 11/15/2011
Merkel Urges Party to Help Save Euro
Wall Street Journal 11/14/2011
European Bank Chief Pushes Back
Wall Street Journal 11/19/2011
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