A chorus of respected analysts is voicing pessimism about the future of the euro and the European Union.
Dani Rodrik writes about Thinking the Unthinkable in Europe. Barry Eichengreen comments on Europe’s Inevitable Haircut. Daniel Gros, in Big bang or endless crisis? argues for a big-bang solution to the eurozone’s problems. Ken Rogoff in The Euro at Mid-Crisis outlines an equally pessimistic scenario. Surprisingly, eternal optimists such as Desmond Lachman and Nouriel Roubini are joining the skeptics.