Category Archives: Eurozone

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

Long-term unemployment behaviour reflects austerity bias in Eurozone

The Economist magazine, never one to resist the urge to promote flawed ‘free market’ analysis, does not seem to have learned any lessons from its erroneous coverage of the GFC. It the latest version of what has to be one … Read the rest of this entry »

Posted in Eurozone, US economy | Leave a comment

Friday lay day – Italy’s time to demonstrate leadership

Its my Friday lay day blog and I am limping into the weekend to rest up some more. There was an interesting article in the Washington Post (July 31, 2015) – Why Italy is the most likely country to leave … Read the rest of this entry »

Posted in Eurozone, Friday | 6 Comments

IMF on Greece – they haven’t learned from their mistakes

In the most recent take of the Greek crisis, the IMF seems to have come out as being the reasonable part of the Troika as a result of its last minute release of a document where it said that Greece’s … Read the rest of this entry »

Posted in Economics, Eurozone | 13 Comments

IT considerations of a Greek exit – Part 2

This is a short update to today’s blog. I had a discussion today with a good friend who owns a significant private firm in Europe which is at the forefront of delivering innovative card payment services to banks and corporations … Read the rest of this entry »

Posted in Eurozone | 21 Comments

Friday lay day – some IT considerations of a Greek exit

Its my Friday lay day blog – and today we have a little digression in IT matters. The WWW site Naked Capitalism that has been less than hostile towards Modern Monetary Theory (MMT) perspectives over the last several years seems … Read the rest of this entry »

Posted in Eurozone, Friday | 12 Comments

The origins of the ‘leftist’ failure to oppose austerity

I note the calls for more discussion on the trap that the ‘left’ has made for itself by buying into the globalisation/political capture myth. As I have noted previously, I am currently researching a new book on this topic which … Read the rest of this entry »

Posted in Debriefing 101, Economics, Eurozone | 16 Comments

Australia might join the Eurozone, apparently

Australia has a grand Greek tradition. My home town of Melbourne is the third-largest Greek speaking city in the World as a result of the Post World War 2 migration. In 2011, Thessaloniki – Greece’s second largest city had a … Read the rest of this entry »

Posted in Economics, Eurozone | 9 Comments

The European Project is dead

When the GFC emerged and confirmed what Modern Monetary Theory (MMT) proponents had been predicting for more than a decade, I initially thought that this might be the ‘paradigm-shift’ line in the sand with respect to economic theory and policy. … Read the rest of this entry »

Posted in Economics, Eurozone | 30 Comments

Friday lay day – South Korea shows us a different way

Its my Friday lay day blog where I pretend to take it easy. Today I have a nice story to contrast with the shocking news we have been following over the last month or so from Europe. The economics news … Read the rest of this entry »

Posted in Economics, Eurozone, Friday | 10 Comments

Euro exit will not be enough for Greece

An editorial article in BloombergView (July 15, 2015) – Leaving Euro Is Better Than Eternal Greek Crisis – argued, with providing evidence, that “it would be better for Europe’s economic policy makers to spend their time figuring out how to … Read the rest of this entry »

Posted in Eurozone, Job Guarantee | 32 Comments