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 the ….

Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched..

The 24% unemployment reached at the depths of the Great Depression was no picnic..

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more di….

The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spai….

Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain cr….

More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export..

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 that….

For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is th….

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..

Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Eur….