euro

Let's stop kidding ourselves that Greek debt is the Euro's key problem. With Greece gone, who's next ?

If the surprise outcome of the recent UK referendum - on whether to leave or remain in the European Union - teaches us anything, it is that supposedly worthy displays of democracy in action can actually do more harm than good. Witness a nation now more divided; an intergenerational schism in the making; both a governing and opposition party torn to shreds from the inside; infinitely more complex issues raised than satisfactory solutions provided. It begs the question 'Was it really all worth it' ?

the euro, it seems, is stuck in a political no man's land _ trapped between two opposing world views. And the battleground is not economics, but ethics.

Theory of public goods. Theory that if I take you euro (as an elected state government) and give fifty cents back... you will be happier and I will be satisfied.