The success of the European Union is remarkable. But the current economic crisis is severely testing support. It is affecting member nations in different ways, and for some the crisis has been painful. Without individual control over their economic policies, some nations are getting frustrated....

Austerity policies again prevail in Europe as well as in the United States. These economists, based in England and continental Europe, focus on the poorly understood damage that the austerity mania will almost certainly do on their side of the Atlantic. Why is it happening? There is no rational...

Deficits are necessary for growth, argues this economist. He offers some proposals as to how the EU can get around restrictions on government spending.