The Failure of the Euro
Is “good governance in the euro zone” an oxymoron? That’s the question Professor David Vines addresses in this “New Economic Thinking” interview on the failure of the euro. The forecasts made by Professor Vines are particularly apposite in light of the recent German election results, which saw Angela Merkel consolidate her position as Europe’s most powerful leader. As Merkel continues to search for coalition partners, it is worth to considering how the euro zone will look in the aftermath of the German elections.