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Non-staff expats earn less

Migrant entrepreneurs living and working in Vienna earn less than natives, according to the study by the Vienna Business Agency (Wiener Wirtschaftsagentur). Roughly 72% live on €800 per month. Since the 1970s, the number of non-Austrian entrepreneurs has more than tripled (to 26,200 in 2011, 81.5% of all migrants). Today, one in three entrepreneurs is […]

Angela Merkel in The Land of Smiles

Angela Merkel in The Land of Smiles

Germany’s elections are over. The winners and losers are clear, and the political landscape has changed profoundly. The real drama, however, occurred not among the country’s main parties but on the boundaries of the political spectrum. Chancellor Angela Merkel is celebrating a landslide victory, with her Christian Democratic Union (CDU) having fallen just short of […]

Uniting Europe, One Case at a Time

Uniting Europe, One Case at a Time

The Eurode Business Center is perched right on the border between Germany and the Netherlands, in the towns of Herzogenrath and Kerkrade. Built in 2001, the building was meant to demonstrate the necessities, possibilities, and difficulties involved in cross-border relations in the new “borderless” EU. Today, 11 years later, it still takes a week to […]

Austria’s economy not improving

Austria’s economy not improving

The overall outlook for Austria’s economy is pessimistic, at least for the remainder of 2012, according to analysts at Bank Austria. The economy showed negative growth of 0.1% for July, for the first time this year. Analysts see the trend largely as a spill-over from the recession in several major EU countries. An early resolution […]

Spain: The Party’s Over

Spain: The Party’s Over

It was 7:30 on an ordinary weekday in Toledo, in the heart of Castile. In front of the local public employment agency, which would open at 8:00, dozens of people young to middle-aged waited in a long line. Their resigned expressions, drooping shoulders and aura of hopelessness drew a picture of Spain’s new reality, of […]

Labour’s Paradise Lost

Labour’s Paradise Lost

As people in the developed world wonder how their countries will return to full employment after the Great Recession, it might benefit us to take a look at a visionary essay that John Maynard Keynes wrote in 1930, called “Economic Possibilities for our Grandchildren.” Keynes General Theory of Employment, Interest, and Money, published in 1936, […]

Europe’s (New) German Problem

Once again, Europe is obsessed with the “German problem”: Greek protesters have portrayed Angela Merkel, the German chancellor, wearing a Nazi uniform; the Italian press has caricatured her donning a Kaiser-era spiked helmet; and a prominent member of the French national assembly, Arnaud Montebourg, wrote on his website in December that Germany’s “economic domination” today […]

Deconstructing the 99%

As protests erupt all over the world echoing the Occupy Wall Street movement, the democratic sentiment – the desire for more agency – is clear. The arguments and the passions behind them, however, are multi-layered and diverse. When the March on Wall Street began, it seemed like the long-awaited outcry that has been suppressed since […]

A Path through Europe’s Minefield

Earlier this week, a group of almost 100 prominent Europeans delivered an open letter to the leaders of all 17 eurozone countries. The letter said, in so many words, what the leaders of Europe now appear to have understood: they cannot go on “kicking the can down the road.” And, just as importantly, they now […]

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