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For the single currency to survive, Europe needs both more political integration and less political integration. The trick is to understand when less is more.

The European Central Bank is holding together a poorly-designed monetary system in difficult circumstances. But this does not justify the fact that democratic governments have no way of holding it accountable.

The Euro Treasury Plan is an alternative recovery program for the Eurozone. It combines the much warranted public investment initiative with a joint funding facility in a step closer towards a fiscal union.

The introduction of a single European currency was for many member states of the European Union a logical next step in a single market. With assumed improvements for trade, employment and wealth distribution, the euro was expected to bring all the...

The idea that the euro would bring more stability, trade and employment to Europe was economically overemphasized for political and commercial reasons.

Do alternative monetary models have the power to increase social inclusion? We should not be too optimistic.  

Complementary and community currency allow members to insulate the local from the global economy, and give priority to local goods produced under organic and environmentally friendly practices.

Complementary currencies can increase local economic inclusion. Is this the way forward?

The notion of a financial transaction tax has been circulating for years. The United Nations Summit on the Millennium Development Goals, held on 20-22 September 2010, was a perfect opportunity to see if world leaders were able to put their money w...

Getting governments to make firm commitments for the long-term funding of public goods is difficult. The solution may be a financial transaction tax, the funds of which would be managed by a supranational ‘tax agency’.