Open Europe yesterday hosted an evening seminar with Prof. Dr. Wilhelm Hankel – one of the five German Professors who have challenged the legality of the eurozone bailout of Greece at the German Federal Constitutional Court. Professor Hankel argued that the €1 trillion eurozone bailout package agreed jointly by the EU, the ECB and the International Monetary Fund are illegal on three grounds: it violates the “no bailout” clause in the EU Treaties, it violates the ECB’s own rules (through the ECB’s decision to buy government bonds) while the IMF also violates its own rules through its involvement.

Governments need to go for world-class quality in their education systems to ensure long-term economic growth, according to the latest edition of the OECD’s annual Education at a Glance.

Language policy is a perfect example of the socialist-calculation problem. Governments necessarily adopt nonoptimal language policies. They are incentivized to violate the rights of minority-language speakers and support fewer languages rather than more.

For a long while it has been clear that statists, right, left, and center, have been growing more and more alike — that their common devotion to the State has transcended their minor differences in style.

The author of The Case for Legalizing Capitalism describes the topic of poverty as a key battleground in the war of socialism versus capitalism. He examines how much poverty exists in the United States, and how we can truly eliminate it.

PA reports that UK Chancellor George Osborne is today set to endorse the proposals for the creation of a European Systemic Risk Board and three new EU supervisors to oversee financial markets in the EU at a meeting of EU finance ministers. A Government spokesman is quoted describing the proposals as “a good deal for us” and arguing: “We are happy with this.