Close families and flexible labor markets don’t go together. That’s the conclusion of a fascinating paper by a quartet of transatlantic economists. Their work should be required reading for all European politicians and for the economists a…

(Reuters) - Spending time with top European policy makers at the moment is scary and slightly nauseating, like the final, slow-motion moments of a car accident, when you can see precisely both how you will probably crash and what it would …

In Europe, Parallels to Japan’s ‘Lost Decade’ By MARK SCOTT LONDON — Is Europe the new Japan?Parallels abound between Europe’s current debt crisis and Japan’s so-called Lost Decade, when the Asian country’s economy imploded in the 1990s.Bo…

Never Mind Europe. Worry About India.By TYLER COWEN THE economic slowdown in India is one of the world’s biggest economic stories, but it is commanding only a modicum of attention in the United States. It may not even look like a slowdown …

U.S. Chose Better Path to RecoveryBy FLOYD NORRIS Last summer, things looked bad on both sides of the Atlantic. There were fears of double-dip recessions, and stubbornly high unemployment rates. Stock markets swooned. Now, the pictures app…