The discussions on the future of Europe
Attempts to reform the euro zone, to expand the euro zone and indeed to expand the EU are stalled by an obtrusive lack of trust. We had argued here that this lack of trust comes, at least in part, from a divergence in the quality of governance and the quality of institutions. Good institutions matter for economic outcomes, willingness to reform and the smooth functioning of the economic and monetary union.
We show that perceptions of institutional quality in the EU are not only heterogeneous, they have also recently diverged. We look at the World …read more