A New Set of Crises for the EU
The Paris-Berlin axis faces a new banking crisis and a weakening Southern Europe while Brexit inflames EU opposition across Europe.
The Paris-Berlin axis faces a new banking crisis and a weakening Southern Europe while Brexit inflames EU opposition across Europe.
Minimum wage laws increase joblessness, so French and German workers use minimum wages to drive Eastern European workers out of the market.
Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing.
Central planning relies on successfully predicting the future. Unfortunately for central planners, this is an impossible task.
It's fitting in the week leading up to our American celebration of secession, that we applaud Britain for their own separation.
The Bank of England has been less reckless than the ECB. But both the UK and the eurozone economies are fragile thanks to loose monetary policy.
Politicians like Juncker and Merkel speak of the EU as if it were a marriage or a family, to which one is bound by some transcendental duty.
The act of exiting is liberating. We should make a longer list of those things we would like to get out of.
Brussels is doing all it can to make the UK pay for wanting to leave the EU. This only further illustrates why exit from the EU is a good idea.