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    <title>Local Politics Are Fracturing European Unity - NYTimes.com</title>
    <dc:date>2015-02-04T13:58:55+00:00</dc:date>
    <link>http://www.nytimes.com/2015/02/04/business/political-fractures-in-european-economic-unity.html?emc=edit_ee_20150204&amp;nl=todaysheadlines&amp;nlid=71022582</link>
    <dc:creator>jschneider</dc:creator><description><![CDATA["What he meant at the time was that the euro, which went into effect in 1999, could aggravate tensions between member countries — leading to heated conflict but not to real armed war.

But despite the misses, the last five years have more than justified his conclusion: Tying together a set of disparate economies with rigid common rules that barred them from pursuing independent policies on government spending or interest rates was doomed to fail as soon as their economic fortunes diverged. No democratic political system could handle it."

"The eurozone might have been built differently. Simon Wren-Lewis of Oxford University argues that had governments been allowed to employ countercyclical fiscal policy — tightening budgets when the economy was expanding robustly and actively spending more when economies slowed — much of the present crisis could have been avoided.

Germany’s obsession with budget deficits prevailed, however."]]></description>
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    <title>Grad Student Who Shook Global Austerity Movement -- NYMag</title>
    <dc:date>2014-08-06T13:05:47+00:00</dc:date>
    <link>http://nymag.com/daily/intelligencer/2013/04/grad-student-who-shook-global-austerity-movement.html</link>
    <dc:creator>jschneider</dc:creator><dc:subject>austerity replication data economics politics</dc:subject>
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    <title>Used to Hardship, Latvia Accepts Austerity, and Its Pain Eases - NYTimes.com</title>
    <dc:date>2013-03-28T10:06:20+00:00</dc:date>
    <link>http://www.nytimes.com/2013/01/02/world/europe/used-to-hardship-latvia-accepts-austerity-and-its-pain-eases.html?smid=tw-share&amp;_r=1&amp;</link>
    <dc:creator>jschneider</dc:creator><dc:subject>nytimes Latvia austerity</dc:subject>
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    <title>EconoMonitor : Don't Shoot the Messenger » A Deep Seated Hostility Towards European Construction?</title>
    <dc:date>2011-12-24T12:08:39+00:00</dc:date>
    <link>http://www.economonitor.com/edwardhugh/2011/12/11/a-deep-seated-hostility-towards-european-construction/</link>
    <dc:creator>jschneider</dc:creator><description><![CDATA[via http://twitter.com/genericpoints/status/146319903140495361 "People say that the EU was created to ensure there were no more wars in Europe but personally I think a West European centered WWIII was never a very likely eventuality. In any event the EU could have been set up with a much more limited objective, namely to end periodic outbreaks of tribalism and jingoisim. This is the real European curse, and this is what we are now facing in one country after another, as – with the local national press in the vanguard – each blames the other for causing the crisis, or for not reaching the much needed agreement to end it. The sad reality is that Europe’s leaders fiddle even as Rome is about to burn."]]></description>
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