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On December 26, 1945, France ratified the Bretton Woods agreement. With that act, the French created the “franc of the French Colonies of Africa.” The French Finance Minister at the time said of the franc, “In a show of her generosity and selfl...

Franc-ly, it is Time for Change

On December 26, 1945, France ratified the Bretton Woods agreement. With that act, the French created the “franc of the French Colonies of Africa.” The French Finance Minister at the time said of the franc, “In a show of her generosity and selfl...

Since 2016, Portugal has enjoyed robust growth (at least relative to its European peers), climbing wages, and a precipitous drop in unemployment. This has been welcome news for more than just the Portuguese, though. As many optimistic European social...

Portugal and the Anti-Austerity Myth

Since 2016, Portugal has enjoyed robust growth (at least relative to its European peers), climbing wages, and a precipitous drop in unemployment. This has been welcome news for more than just the Portuguese, though. As many optimistic European social...

Ireland, Angela Merkel’s sickly child, has decided to go off on its own. After taking an $87 billion European bailout to survive its severe economic malaise in 2010, the nation seems to have found some stable footing in its government finances. In ...

Ireland Jumps: Will Others Follow?

Ireland, Angela Merkel’s sickly child, has decided to go off on its own. After taking an $87 billion European bailout to survive its severe economic malaise in 2010, the nation seems to have found some stable footing in its government finances. In ...

My tour of European austerity’s next stop is Germany. However, I have criticized austerity without putting it into context. I have simply assumed it is a bad thing, and avoided entering a discussion on what austerity is and does. This is unfair. So...

Austerity and its Discontents

My tour of European austerity’s next stop is Germany. However, I have criticized austerity without putting it into context. I have simply assumed it is a bad thing, and avoided entering a discussion on what austerity is and does. This is unfair. So...