Category Archives: Eurozone

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

Europhile Left deluded if it thinks reform process will produce functional outcomes

A recent twitter exchange with some Europhiles who believe that it is better to wait for some, as yet unspecified, incremental reform process for the Eurozone rather than precipitate exit and the restoration of currency sovereignty was summed up for … Read the rest of this entry »

Posted in Eurozone | 12 Comments

The sham of ECB independence

One of the major claims the founders of the EMU made was that by creating an independent ECB – by which they meant ‘independent’ of the influence from the Member States or other EU bodies (such as the Eurogroup) – … Read the rest of this entry »

Posted in Central banking, Eurozone | 9 Comments

Three recent interviews – transcripts and video

Today, I have translated two interviews I did while I was in Europe recently. The original interviews were in Spanish. The first interview was with Andrés Villena Oliver for CTXT and was published in the Spanish newspaper Público. It was … Read the rest of this entry »

Posted in Demise of the Left, Economics, Eurozone, Fiscal Statements, Job Guarantee | 9 Comments

Wolfgang Schäuble is gone but his disastrous legacy will continue

History is often made by single, very powerful individuals acting on their own mission according to their own calling. Many of these individuals are seemingly immune to the reality around them and try to recreate their own reality – sometimes … Read the rest of this entry »

Posted in Eurozone | 20 Comments

Travel and beyond …

My blog today is short as I have been travelling back home and trying to land on both feet – running! Today, you can view a video of the Berlin event on September 28, 2017 and find out what the … Read the rest of this entry »

Posted in Admin, Demise of the Left, Eurozone, Reclaim the State | 7 Comments

Jean-Claude Juncker in denial and somewhat delusional

Last week (September 13, 2017), the President of the European Commission, Jean-Claude Juncker, presented his State of the Union Address 2017 in Strasbourg before the European Parliament. My only query arising from the speech was which Member State has left, … Read the rest of this entry »

Posted in Eurozone | 7 Comments

ECB is running out of debt to buy – more smoke and mirrors needed

There was a Bloomberg report yesterday (September 6, 2017) – Draghi’s Claim of QE Flexibility Is Attracting Doubters – that made me laugh. The sort of laugh that comes when you just realise there is parallel language spoken out there … Read the rest of this entry »

Posted in Central banking, Eurozone | 17 Comments

Europe – the deliberate wastage of its youth continues

Earlier this month (August 11, 2017), Eurostat published the latest European Union data for – Young people in the EU: education and employment. This data now allows us to track the fortunes of three age cohorts – 15-19, 20-24 and … Read the rest of this entry »

Posted in Eurozone, Labour Force | 13 Comments

Jacques Delors – a failed leader not a champion of a prosperous Europe

It is amazing how history is revised when it is convenient. It is also amazing how the same events, that from my perspective are rather clear, can be diametrically interpreted by others, who want to run a different agenda. A … Read the rest of this entry »

Posted in Demise of the Left, Eurozone | 8 Comments

The chickens are coming home to roost for Europe’s so-called powerhouse

When I was in Portugal a few years ago (Porto mainly), I noticed taxi drivers at the rank queue who would get out of their cars when the front of the queue changed and push them to the next spot … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements | 21 Comments