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Weekend Reading: Doug Henwood (1998): Europe’s Fateful Monetary Union

Doug Henwood (1998): Europe’s Fateful Union: “In just a bit over nine months, the euro will be born…

…and the next stage in the process of European economic and monetary union (EMU) will begin. Of the fifteen countries that make up the European Union (EU), eleven (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain) will begin a three-year process of dissolving their national currencies into a single continental one. Three (Denmark, Sweden, and the UK) are holding off on this step, and one (Greece) just wasn’t tough enough to make the cut this time around.
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Weekend Reading: Doug Henwood (1998): Europe’s Fateful Monetary Union

July 18, 2015

July 18, 2015

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon