The Ship of Fools – in Foucault’s book Madness and Civilisation – set sail from Basel in the 14th Century. Today the European Central Bank is launching its own Ship of Fools with quantitative easing, argues Ian Crowther. Basel is home to a museum of alchemy and micro prudential banking regulation. It was also where […]
Failure of Euro leaders will be felt at the polls
Analysis of Greece’s financial meltdown has tended to focus on the deficiencies of the Economic and Monetary Union, but the crisis was also the result of failures by the Eurozone’s leadership in terms of co-ordination and communication, explain Prof Dimitris Papadimitriou and Dr Sotirios Zartaloudis. And they argue the results of this European failure of […]