Europa befindet sich gegenwärtig in einer problematischen Lage. Die Schulden der Euro-Peripherieländer wachsen beständig. Vor allen Dingen haben manche Länder Löhne und Preise, die weit von ihrem wettbewerblichen Niveau entfernt sind. Die Zahlungsbilanzdefizite verschwinden nicht, und die...

Business representatives and union leaders in highly industrialised countries often accuse the governments of less-developed countries of practising social dumping in the sense of deliberately neglecting work-place safety legislation, co-determination rights and other fringe benefits which...

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...