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Europe:  A Report from the Front

Posted in 2007-08 Financial Crisis, Contemporary economics Tagged with: , , , ,

Towards the end The Euro and the Battle of Ideas (Princeton, 2016), by Markus Brunnermeier, Harold James and Jean-Pierre Landau, the authors observe that most of the debate about the economic crisis of the European Union takes place in the English-language press: the Financial Times, The Wall Street Journal, The New York Times, The Economist. This means it is filtered through a sort of condescension about Europe not really “getting it,” they say. Moreover, they note that the debate fosters the impression that a considerable gap exists between central bankers and technocratic experts and ordinary folk caught in the machinations