Category Archives: Eurozone

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

It is (way past) time to dissolve the disastrous EMU experiment

Sometimes there is clarity. Like when the Koch brothers-funded report on US health care came up with the ‘wrong’ conclusion – that is the right conclusion – $US2 trillion dollars worth of right conclusion. And like when a hard-core German … Read the rest of this entry »

Posted in Eurozone | 8 Comments

The abdication of the Left – redux – Part 2

This is the second and final part in my response to the Social Europe article by Stuart Holland (July 11, 2018) – Not An Abdication By The Left – where he attempts to eviscerate various writers who have dared to … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Fiscal Statements, Framing and Language, Reclaim the State | Leave a comment

The abdication of the Left – redux – Part 1

Former Austrian Chancellor Bruno Kreisky was quoted as saying during the 1979 Austrian election campaign that: “I am less worried about the budget deficits than by the need for the state to create jobs where private industry fails”. That is … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Fiscal Statements, Reclaim the State | 10 Comments

Fiscal policy in Australia is undermining the future of our grandchildren

Its Wednesday, so just a few short snippets that came to my attention, some comedy and some great music that has kept me company today while I have been working today. The first snippet concerns my revelation that fiscal policy … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements, Music, Politics | 9 Comments

Governments should not issue debt under foreign law

In examining the implications for an exit from a currency union, one of the issues that arises is the proportion of public debt that is issued under foreign law. This is a separate issue to the implications of foreign-currency denominated … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements, Reclaim the State | 8 Comments

Italy should prioritise an exit of the Eurozone madness

Last week, the Eurogroup met in Brussels and given all the Macron-Merkel buildup – see my blog post – The Meseberg Declaration – don’t hold your breath waiting (June 26, 2018) – the Europhiles were tweeting their heads off building … Read the rest of this entry »

Posted in Eurozone, Reclaim the State | 15 Comments

The BIS should be defunded and then dissolved

On June 24, 2018, the Bank of International Settlements (BIS) released their – Annual Economic Report 2018 – which contains their latest analysis of the global economy including the risks they think the current growth process faces. It is full … Read the rest of this entry »

Posted in Central banking, Eurozone, Fiscal Statements, Framing and Language | 12 Comments

We can do something about neoliberalism

It is Wednesday, so just a (relatively) short blog post today. I am using the time today to further scope out the material and logic for my next book with Thomas Fazi, which we hope to publish sometime in 2019. … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Reclaim the State, US economy | 8 Comments

The Meseberg Declaration – don’t hold your breath waiting

France and Germany signed an agreement last week (June 19, 2018) – the so-called Meseberg Declaration – which saw Europhiles shouting out that Germany has finally bowed to pressure from Emmanuel Macron and agreed to reforms of the Eurozone. Commentators … Read the rest of this entry »

Posted in Eurozone | 3 Comments

How to distort the Brexit debate – exclude significant factors!

The Centre for European Reform, which must have little to do given the snail pace of so-called ‘reform’ that goes on in Europe, released a report over the weekend (June 23, 2018) – What’s the cost of Brexit so far? … Read the rest of this entry »

Posted in Britain, Canada, Eurozone, Japan, UK Economy, US economy | 13 Comments