Category Archives: Eurozone

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

The Euro is a spectacular success – growth down, unemployment up …

I am not doing much work today. But I was organising some snippets that I collected last week and I thought I would pass this one on – it doesn’t need much analysis – it is from the chief economist … Read the rest of this entry »

Posted in Eurozone | 3 Comments

Single banking union doomed to fail

I have been travelling today a lot and so haven’t had much time to write. I have been reading early (1970s and 1980s) documents in recent days relating to the debate that preceded the establishment of the Eurozone. I have … Read the rest of this entry »

Posted in Economics, Eurozone | 16 Comments

The fiscal role of the KfW – Part 1

This is the first part in what might be several blogs. I will see where my curiosity takes me. Today I want to invoke that well-known piece of inductive reasoning the – Duck Test. We all should know how that … Read the rest of this entry »

Posted in Eurozone | 8 Comments

OMF – paranoia for many but a solution for all

When the Committee on Economic and Monetary Affairs (ECON) of European Parliament considered the 2012 Report from the European Central Bank, the Rapporteur of the Committee and Deputy President of the EP, Gianni Pittela tendered the – Draft Report – … Read the rest of this entry »

Posted in Economics, Eurozone | 6 Comments

Nothing to sing about in Europe

The Euro crisis is over! The Euro crisis is over! I suppose if one says it loudly enough and often enough it might drown out what the data tells us. The most recent data – inflation slowing, real GDP growth … Read the rest of this entry »

Posted in Eurozone | 5 Comments

Eurozone – what do they propose as an encore?

During the late 1980s and into the 90s when the Monetarists (mostly holed up in Britain) were boasting that the widespread privatisation and labour market deregulation strategies they had instigated were containing inflation and setting up their economies for sustained … Read the rest of this entry »

Posted in Eurozone | 8 Comments

Currency sovereignty is what matters

There is a literature emerging that suggests that a Eurozone nation would be no better off with its own currency then and is within the monetary union. The claim is that these nations have not performed any worse than nations … Read the rest of this entry »

Posted in Economics, Eurozone | 8 Comments

Careful before you leap!

The triumphalism of British Chancellor George Osborne in recent weeks, as a modicum of positive economic news seeps out of the – Old Dart – or should I say Britain (given the Old Dart strictly refers to England), is almost … Read the rest of this entry »

Posted in Eurozone, UK Economy, US economy | 16 Comments

The confidence tricksters in the economics profession

There was an extraordinary report in the Wall Street Journal last week (September 19, 2013) – Austerity Seen Easing With Change to EU Budget Policy – which considered the political machinations in Europe that may lead to the EU relaxing … Read the rest of this entry »

Posted in Economics, Eurozone | 24 Comments

Disingenuous at best

In light of the – An Open Letter from Howard Schultz, ceo of Starbucks Coffee Company – which contains “a respectful request that customers no longer bring firearms into our stores or outdoor seating areas”, I felt it necessary to … Read the rest of this entry »

Posted in Eurozone | 15 Comments