The next recession will expose the eurozone as a half-baked project in need of leadershipAs the clock has ticked down towards Brexit,the state of the UK has attracted even more attention than normal. Every scrap of official data and every survey of trade opinion has been pored over by leavers and remainers alike.
Much less attention, understandably enough, or has been paid to what is happening in the rest of the European Union,where the recent news has been poor. The frustration of the leaders of the other 27 EU countries towards Theresa May is that Europe has plenty of issues that need addressing, with Brexit not even the most serious of them. Related: As recession looms, and could MMT be the unorthodox solution? | Larry Elliott A genuine solution to Europe’s growth problems means fixing the design flaws in monetary unionContinue reading...
Source: theguardian.com