The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises. — Barry Eichengreen Copy Share Image
While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and… — Barry Eichengreen Copy Share Image
As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in… — Barry Eichengreen Copy Share Image
Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated… — Barry Eichengreen Copy Share Image
The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or… — Barry Eichengreen Copy Share Image
Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and… — Barry Eichengreen Copy Share Image
Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing,… — Barry Eichengreen Copy Share Image
Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched. — Barry Eichengreen Copy Share Image
For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a… — Barry Eichengreen Copy Share Image
More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export. — Barry Eichengreen Copy Share Image
Every day it seems more likely that we are destined - or should one say doomed? - to replay the disastrous economic history of… — Barry Eichengreen Copy Share Image
The 24% unemployment reached at the depths of the Great Depression was no picnic. — Barry Eichengreen Copy Share Image
The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more… — Barry Eichengreen Copy Share Image
