With Britain gone, Europe has nothing preventing it from adopting a new economic-policy model that is better equipped for contemporary conditions, not least a strengthening euro.
- Melvyn Krauss
- Project Syndicate
STANFORD – Most Europeans are happy that Joe Biden will be the next president of the United States.
Whether they realize that Biden’s economic policies will put the euro and Europe in a bind is another matter.
The new US administration will want the euro to remain strong against the dollar in order to keep the US economy humming…