In this paper, we assess the impact of immigration and unemployment for a sample of 15 EU countries between 1997 and 2016. We test for the existence of a core-periphery dualism based on differences in macroeconomic fundamentals and labour market characteristics. We use a Panel Error Correction...

This paper gives an overview of the causes of the European debt crisis and the consequences for the external relations. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become weaker.

First paragraph: The European Union is in a state of profound crisis. The way it responds to its current situation will determine whether the European dream can survive. The failed ratification of the Constitutional Treaty first revealed the crisis. The European Council meeting in June 2005 then...