The Theories Behind the Trump Shock
-
What Trump’s dramatic revision of the global trade system is intended to
accomplish — and reasons for skepticism.
25 minutes ago
Posts
Monday, August 22, 2011
Subscribe to:
Post Comments (Atom)
Seed Newsvine
.jpg)
Unfortunately this process is going too slowly for markets and too quickly for the politicians and their electorates, according to Aranda-Hassel, who believes the markets are overlooking the fact that fiscal union has two aspects.
ReplyDelete“The first—mutualization of national sovereign risk—is clearly a concern. But, by political necessity, it must evolve behind the second: the transfer of sovereignty from national governments to the federal EU level,” Aranda-Hassel said.