Category Archives: Eurozone

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

German growth strategy falters – exposes deep flaws in the EU architecture

Last week (February 14, 2019), Eurostat released its latest national accounts estimates – GDP up by 0.2% and employment up by 0.3% in the euro area – which confirmed that EU growth rates have declined significantly over the course of … Read the rest of this entry »

Posted in Eurozone | 39 Comments

The EU is neoliberal to its core and captured by corporate interests

The aptly named – Corporate Europe Observatory (CEO) – “is a research and campaign group working to expose and challenge the privileged access and influence enjoyed by corporations and their lobby groups in EU policy making”. It is relentless in … Read the rest of this entry »

Posted in Britain, Eurozone, UK Economy | 26 Comments

A progressive European superstate will never come to pass

The increasing uprising against Modern Monetary Theory (MMT) in the media is salutory because it means our ideas are now considered to be a threat to the mainstream economics (for example, Paul Krugman now buying into the carping) and to … Read the rest of this entry »

Posted in Eurozone, Reclaim the State, Reclaiming community | 27 Comments

The EU’s democratic deficit is intrinsic and unfixable without dissolution

Transparency International EU, is part of TIs “anti-corruption movement” focused on happenings in the European Union. It gets around 40 per cent of its funding from the European Commission, itself, although they claim this does not compromise their “institutional integrity … Read the rest of this entry »

Posted in Eurozone, Reclaim the State | 20 Comments

Nations heading south as austerity continues

On the back of a decelerating inflation rate, Italy in recession, Germany not far behind, terrible PMI in Europe, Eurostat released the latest retail sales data yesterday (February 5, 2019) – Volume of retail trade down by 1.6% in euro … Read the rest of this entry »

Posted in Economics, Eurozone, Music | 15 Comments

Monetary policy has failed – we must reprioritise fiscal policy

Remember back in early 2009, when the then head of the European Central Bank Jean-Claude Trichet (boasted that the “euro … is a success … it helps to secure prosperity in participating states”. He was still making these claims in … Read the rest of this entry »

Posted in Central banking, Eurozone, Fiscal Statements, Inflation | 6 Comments

The conflicting concepts of cosmopolitan within Europe – Part 2

In the blog post earlier this week – The conflicting concepts of cosmopolitan within Europe – Part 1 (January 29, 2019) – I juxtaposed two concepts of ‘cosmopolitanism’ which appeared to be part of the early moves to achieve European … Read the rest of this entry »

Posted in Britain, Cosmopolitanism, Eurozone, Reclaim the State, Reclaiming community | 15 Comments

The conflicting concepts of cosmopolitan within Europe – Part 1

In the past week, the UK Guardian readers were confronted with the on-going scandal of wealthy British politicians and ‘peers’ receiving massive European Union subsidies under the Common Agricultural Policy (CAP). The article (January 27, 2019) – Peers and MPs … Read the rest of this entry »

Posted in Britain, Cosmopolitanism, Eurozone, Reclaim the State, Reclaiming community | 8 Comments

EU deliberately subjugates prosperity to maintain its neoliberal ideology

While the Brexit shambles wound on in London, with the Prime Minister being walloped one day by her own party, and then the next given a victory, courtesy of some Labour Party bungling (the no-confidence motion), across the Channel things … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements | 37 Comments

Must be Brexit – UK GDP growth now outstrips major EU economies

I suppose Brexit is to blame for the fact that Britain is now growing faster than the major European economies. The latest ‘monthly’ GDP figures show that the British economy grew by 0.3 per cent in the three months to … Read the rest of this entry »

Posted in Britain, Eurozone, UK Economy | 27 Comments