Yanis Varoufakis for PS Longer Reads: The Two Faces of the Euro

Yanis Varoufakis traces the monetary union's travails to the conflicting visions of Jacques Delors and Wolfgang Schäuble. [View this message in a web browser]( [PS On Point]( JANUARY 19, 2024 Judging by the various obituaries of Jacques Delors and Wolfgang Schäuble, who championed conflicting visions of Europe's common currency, they are remembered for their ostensible differences. But, writes former Greek Finance Minister Yanis Varoufakis, this portrayal of the two men’s motivations and deeds is incomplete – and possibly misleading. [Read more]( [PS Longer Reads: The Two Faces of the Euro]( [The Two Faces of the Euro]( By Yanis Varoufakis Of all European politicians who never led their countries, Jacques Delors and Wolfgang Schäuble had the greatest impact on Europe. Between them, the two men, who passed away within a day of each other in December, shaped today’s European Union, warts and all. [Read more]( [PS. Subscribe to PS Digital for less than $5 per month.]( [PS Big Picture: Preventing Big AI]( [Preventing Big AI]( with Robert Shiller, Diane Coyle, Eric Posner, and more Predictions that generative artificial intelligence could revolutionize everything from manufacturing to health care, and even upend creative industries, are fast becoming reality. But with every fresh development and novel application seeming to bring new questions and challenges, how can regulators and policymakers uphold the public interest? [Read more]( [PS Say More: Raghuram G. Rajan on inflation, financial risks, interest rates, and more]( [Raghuram G. Rajan on inflation, financial risks, interest rates, and more]( Raghuram G. Rajan says when the US Federal Reserve might start cutting rates, considers how to mitigate monetary-policy spillovers, proposes measures to boost financial stability, and more. Rajan is a former governor of the Reserve Bank of India, Professor of Finance at the University of Chicago Booth School of Business, and the author, most recently, of [Monetary Policy and Its Unintended Consequences](. [Read more]( [PS Longer Reads: China's Long March Back to Stagnation]( [China's Long March Back to Stagnation]( By Debin Ma Whether the modern Chinese miracle was driven by the market or the state remains a fundamental question. With China's current leadership apparently deciding that autocratic control is the answer, the country's future as a vibrant economic power now hangs in the balance. [Read more]( [PS Quarterly: The Year Ahead 2024 is here. Subscribe now to secure your copy.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.