Category Archives: Eurozone

Commentary on the madness involved in setting up the EMU and how it is dysfunctional

European Employment Strategy – barely a new job in sight

Eurostat released the latest – Employment – data for July 2014 last week (September 12, 2014) and announced that total employment was up by 0.2 per cent in the euro area. For those that study the data closely you will … Read the rest of this entry »

Posted in Economics, Eurozone | 6 Comments

Friday lay day

Its Friday and my declared lay day for blogging. I am currently working on some research analysing the shift in patterns of regional unemployment in Europe as a result of the GFC and the policy austerity that followed (it is … Read the rest of this entry »

Posted in Eurozone, Friday | 1 Comment

Our poster child keeps exposing the myths

A regular occurrence is the prediction of doom for Japan. Some minor upturn in Japanese government bond yields or a movement in some other irrelevant financial statistic relating to the Japanese public sector sends the financial press into apoplexy. But … Read the rest of this entry »

Posted in Eurozone, Japan | 13 Comments

Friday lay day

Its my Friday Lay Day blog, which means I don’t really write one. I am working on an Modern Monetary Theory (MMT) volume for my publisher, Edward Elgar, which will document, to date, the key literature that I consider to … Read the rest of this entry »

Posted in Eurozone, Friday | 14 Comments

Neo-liberal capture of the policy making process in Europe

Mainstream macroeconomics has mounted a range of arguments over the years to argue against any discretionary involvement by governments or regulators in the economy. The claim is always that the ‘market’ will self regulate and weed out bad players and … Read the rest of this entry »

Posted in Economics, Eurozone | 7 Comments

French government in tatters and the financial markets want growth

The French government is in tatters after a number of the more enlightened members of parliament resigned as a protest against the mindless austerity that Hollande is imposing on his nation, which is causing the already desperate unemployment situation to … Read the rest of this entry »

Posted in Eurozone | 7 Comments

Eurozone has failed – a major shift in direction is needed

The central bankers of the World met at Jackson Hole, Wyoming last week for their annual gathering far from the madding crowd. And as far away from the mess they have helped to create as you could imagine. Out of … Read the rest of this entry »

Posted in Eurozone | 15 Comments

Friday lay day

Friday, and its my short or no blog day day. Today, I am hosting a Workshop in Newcastle on the Eurozone crisis. We have three papers and a panel discussion. I will post video once it has been processed. But … Read the rest of this entry »

Posted in Eurozone, Friday | 5 Comments

Austerity does not necessarily require a cut in government spending

The Bloomberg Op Ed article (August 19, 2014) – European Austerity Is a Myth – is about as flaky as it gets. The author is intent on justifying the article title by examining changes in government spending (as a per … Read the rest of this entry »

Posted in Eurozone | 11 Comments

Germany contracts as the French suggest defiance

According to data just published by the French National Institute of Statistics and Economic Studies (INSEE), its national statistics agency, the French economy has stalled in the second-quarter 2014. In its – Informations Rapides, Principaux indicateurs 14 août 2014 – … Read the rest of this entry »

Posted in Eurozone | 5 Comments