Category Archives: Eurozone

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

Europe’s US imported nightmare

I note the US have been rather quietly urging the EU to resolve the so-called ‘Greek crisis’, which I really think is a euro-crisis, even though its current epicentre is in Greece. What the Americans are doing beyond the purview … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 13 Comments

The concept of ‘one Europe’ under threat from austerity

The EU Flash Barometer surveys provide information about public opinion in Europe. The latest Survey(No. 418) – Introduction of the euro in the Member States that have not yet adopted the common currency – shows how confused people are in … Read the rest of this entry »

Posted in Britain, Eurozone, UK Economy | 18 Comments

European Court of Justice effectively rules that Eurozone is a shambles

On June 2015, the – Court of Justice of the European Union – issued a press release summarising their decision with respect to the ECB’s Outright Monetary Transactions (OMT) programme – Judgment of the Court of Justice in Case C-62/14 … Read the rest of this entry »

Posted in Eurozone | 13 Comments

Friday lay day – Greece has only one viable path – exit

Its my Friday lay day blog, which is sort of a dodge that allows me to be less focused. I have been holding my pen about Greece in abeyance lately until more details became clearer about what is going on … Read the rest of this entry »

Posted in Eurozone, Friday | 25 Comments

Germany should look at itself in the mirror

It has been argued for some years that one of the important consequences of Germany’s obsession with fiscal surpluses in recent years, articulated by Chancellor Merkel and Finance Minister Schäuble as the “Schwarze Null” austerity policy, is that Germany has … Read the rest of this entry »

Posted in Eurozone | 13 Comments

Why no-one should vote for the Australian Labor Party

It is a public holiday in Australia today – Queen’s Birthday, a reflection of our past as a colony. Not a lot has actually changed and we still cannot shed the monarchy. Anyway, not many people reflect on the monarchy … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements, Labour Force | 43 Comments

The ‘fiscal space’ charade – IMF becomes Moody’s advertising agency

The IMF has taken to advertising for the ratings agency Moody’s. It is a good pair really. Moody’s is a disgraced ratings agency and the IMF has blood on its hands for its role in less developed nations and for … Read the rest of this entry »

Posted in Economics, Eurozone, IMF | 18 Comments

Central bank politicians who evade democratic scrutiny and election

Last month, the Schweizerische Nationalbank (SNB), the nation’s central bank recorded some large ‘book’ losses after it had abandoned its attempt to stop the Swiss franc (CHF) from appreciating against the euro. It started trying … as a way of … Read the rest of this entry »

Posted in Central banking, Eurozone | 29 Comments

The incommensurate aims of the Greek people

I am continually amazed at the arrogance of the Eurozone leaders who in the face of palpable professional failure hold a straight face and continue to advocate the same disastrous policies as if nothing had happened over the last 7 … Read the rest of this entry »

Posted in Eurozone | 21 Comments

Structural reform – code for smash the worker resistance

The ECB had another lavish annual talkfest in Portugal over the weekend just gone in the guise of their – Forum on Central Banking. Like all these EU-type gatherings there was plenty of fine food and wines. They even provided … Read the rest of this entry »

Posted in Eurozone | 19 Comments