The Eurozone is doomed to unwind without radical liberalising reforms

When the euro was formed, the economic debate was marked by a paradox. Liberal economists on the continent were enthusiastic – they believed the euro’s adoption would force reforms on the EU. Free market economists in the UK were more pessimistic. They feared that economic shocks would result in complete social dislocation, due to inflexible labour and product markets. And while UK free-marketeers argued that the euro would lead to an EU superstate, their continental counterparts trusted that fiscal and monetary policy would be kept entirely separate.

Read the full blog post here

Source: http://www.iea.org.uk/blog/the-eurozone-is-doomed-to-unwind-without-radical-liberalising-reforms

nhs pension pension forecast pensions uk iht annuity rates