''We meet at an unsettled time in the economic and political trajectory of many parts of the
world, Europe certainly included. In Europe in particular, the setting is neither usual nor
welcome. Germany’s finance minister Wolfgang Schaeuble has called last month’s elections for
the European Parliament “a disaster,” going on to conclude that “all of us in Europe have to ask
ourselves what we can do better … we have to improve Europe.” To be sure, an election is a
political event. But just as surely, here and now as in other times and places, what underlies the
politics is to a large degree the economics..''
world, Europe certainly included. In Europe in particular, the setting is neither usual nor
welcome. Germany’s finance minister Wolfgang Schaeuble has called last month’s elections for
the European Parliament “a disaster,” going on to conclude that “all of us in Europe have to ask
ourselves what we can do better … we have to improve Europe.” To be sure, an election is a
political event. But just as surely, here and now as in other times and places, what underlies the
politics is to a large degree the economics..''
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