David Cameron Wants Out of the EU: What are the Risks and Rewards?

The Treaty of Maastricht established the European Union (“the EU”) under its current name in 1993.[1]  The Treaty included a Social Chapter that laid “down EU policies on workers’ rights and other social issues.”[2]  The Treaty also established an economic and monetary union, which required the Member States to (1) coordinate their economic policies, (2) … Read more

Critical Analysis: Germany’s Bailouts – What Might This Mean for Spain?

At 10 a.m. Wednesday, Germany’s Federal Constitutional Court approved Chancellor Angela Merkel’s proposal to support the bailout plan for the 17 countries in the euro zone: the European Stability Mechanism (“E.S.M.”).  The ESM, a continental version of the International Monetary Fund, will handle bailouts and work with the European Central Bank to buy the bonds … Read more