"Scotland can run its own affairs. It doesn't need the UK." "Yes, of course it can. But what about oil prices and that fiscal deficit?" "Oh, they don't matter. The UK will pay." Really?
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For about five years now, Greece has been giving the euro area authorities a test in economics and politics. The test must be retaken until the authorities produce the right answers.
Visiting Professor of International Economic Policy, Princeton University14 articles | View profile
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