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Reform or Divorce in Europe

To say that the eurozone has not been performing well since the 2008 crisis is an understatement. Its member countries have done more poorly than the European Union countries outside the eurozone, and much more poorly than the United States, which was the epicenter of the crisis www.project-syndicate.org

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Budget-related cross-border flows: EU versus US

There has been renewed interest in economic analysis of the EU budget following the Global Crisis. For each euro paid by an average net (EU member state) contributor, approximately 75 cents return through the EU budget, and 25 cents cross a border. At the margin, the US federal budget is less redistributive in normal times […]