Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. He is author of EuroTragedy: A Drama in Nine Acts. Previously, Professor Mody was Deputy Director in the International Monetary Fund’s Research and European Departments. He has worked at the World Bank, AT&T’s Bell Laboratories, and the Centre for Development Studies, Trivandrum. He has been a Visiting Professor at the University of Pennsylvania’s Wharton School and is a non-resident fellow at the Center for Financial Studies, Frankfurt. He received his Ph.D. in Economics from Boston University.
Ashoka Mody
Charles and Marie Robertson Visiting Professor in International Economic Policy
409 Robertson Hall, Princeton University
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EuroTragedy
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@pierremoscovici has missed Daniel Patrick Moynihan’s injunction: you are entitled to your opinion but not to your own facts. France has run irresponsible budgets for over 20 years. And all to dampen political anxiety temporarily without dealing with the source of the anxiety. t.co/gwxqJa77Kc
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Merkel seemed to understand that Germany risked being left behind by more dynamic nations, but did not mount the effort needed to prevent German slippage in international competitive leagues. She coddled the car industry, and did nothing to address the vulnerabilities of banks. t.co/rlgn1o8s4r
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@GuntramWolff Bit frightening.
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If it is true that they are quibbling over 0.05 percent of GDP, one-twentieth of 1 percent—which any analyst knows is indistinguishable from zero—then truly the madness runs deeper than even I had dared to believe. t.co/VcO5SdaWol
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@ChassNews This is also Germany's fault? If Merkel had agreed to a eurozone budget, would the @HansaInTheEU agreed? How would that have solved French inequality, poor education, and ever-greater difficulty of climbing the social ladder? Why always a European solution to a domestic problem?