From Social Europe 10.5.2016

The debate on the sustainability of the European single currency seems to have focused exclusively on the requirement that EU member states comply with the macro-economic financial parameters established by the dictates of austerity policies. The absence of any collective reflection on how to boost structural economic development is astonishing at a time when many European countries – particularly around the Mediterranean – are dismantling the physical and human infrastructure of basic research and academia. It instead reflects the belief, grounded in neoclassical economic theory, whereby markets alone should govern economic development. Continue reading EU Austerity And The Brain Drain From The South →