NYU Stern
Share / Print
Faculty News

An op-ed by David Backus and Kim Schoenholtz on the euro crisis

huffington post logo feature

Excerpt from The Huffington Post -- "First, flaws in the design and implementation of the EMU have made the crisis worse. Second, the decentralized decision-making process of the EU, with political power concentrated in countries rather than Europe, makes effective crisis management nearly impossible."

Read more