Ashoka Mody: Groupthink lies at the heart of the euro’s woes

"Low growth and inflation are likely to continue in the eurozone"

3rd January, 2016
4
Ashoka Mody is Charles and Marie Robertson visiting professor in International Economic Policy at the Woodrow Wilson School, Princeton University.

Are the eurozone’s continuing woes the result of its incomplete construction, or because of policy errors in responding to the crisis? The eurozone member states gave up monetary policies for countering economic adversities, but the founding fathers lacked political will to compensate with pooled resources for helping each other. This incompleteness is surely made worse by wrong-headed policies, delays, and half measures. That said, the distinction is overstated: the incomplete monetary union and repeated policy...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Proposal for expert panel to review capital projects over €100m

State body to reissue €28m office supplies contract

Sinn Féin open to coalition deal, but on condition of border poll

Fine Gael ‘will go to war’ if Bailey runs as independent