Category Archives: Eurozone

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

The reality of Germany and the buffoons in Brussels intervenes …

This week, I seem to have been focused on central banking this week, which is not my favourite topic, but is all the rage over the last several days given the decision of the Bank of Japan to use negative … Read the rest of this entry »

Posted in Central banking, Eurozone | 10 Comments

The ECB could stand on its head and not have much impact

As the Bank of Japan began its hopeless quest to stimulate growth with negative interest rates (see my blog yesterday – The folly of negative interest rates on bank reserves), the latest data from the ECB came out on lending … Read the rest of this entry »

Posted in Central banking, Eurozone | 8 Comments

European-wide unemployment insurance schemes will not solve the problem

On June 10, 2015, the Italian finance minister wrote an Op Ed article for the UK Guardian – Couldn’t Brussels bail out the jobless? – which continued the call from those who sought ‘reform’ of the Economic and Monetary Union … Read the rest of this entry »

Posted in Eurozone | 33 Comments

Exchange rate movements and exports

There was an article a few weeks ago purporting to show that public deficit expansion (increased net public spending) has never worked. I won’t link to the article because I would not want the magazine to get any advertising revenue … Read the rest of this entry »

Posted in Canada, Economics, Eurozone | 16 Comments

Europe’s future is bleak with an ageing population and policy failure

I read an interesting article that was published on December 18, 2015 by the Center for Global Development, which is one those centrist-type research and advocacy organisations that lean moderately to the right on economic matters. The article – Europe’s … Read the rest of this entry »

Posted in Economics, Eurozone | 8 Comments

Democracy in Europe requires Eurozone breakup

On December 21, 2015, there was an article on the Social Europe portal – A New Plan for Greece And Europe: A Defining Moment For European Social Democracy – which I found interesting, though very incomplete, given its title. In … Read the rest of this entry »

Posted in Eurozone | 16 Comments

Spain in limbo but has not rejected austerity

On the Sunday before last (December 20, 2015), Spain conducted a general election, which has left the nation in limbo. Alex Tsipris, the Greek Prime Minister, still trying to hang on to the image that he is a progressive leader … Read the rest of this entry »

Posted in Eurozone | 11 Comments

German Ministry of Finance’s anti-Europe proposal

Recently, I wrote a blog – Who is responsible for the Eurozone crisis? The simple answer: It is not Germany! – where I contended that Germany was not to blame for the Eurozone crisis. I also wrote that while Germany … Read the rest of this entry »

Posted in Eurozone | 17 Comments

Ireland demonstrates that fiscal deficits promote growth

On December 10, 2015, the Irish Central Statistics Office (CSO) released the – National Accounts, Quarter 3, 2015 – data, which showed that real GDP had increased by 1.4 per cent over the last quarter while real GNP had declined … Read the rest of this entry »

Posted in Eurozone | 6 Comments

Finland should exit the euro

I think the progressive side of politics has a real problem when it is increasingly gazumped in policy insights by politicians and/or commentators from the populist, xenophobic, racist, homophobic, far right-wing. Whether Finland’s Foreign Minister Timo Soini is all of … Read the rest of this entry »

Posted in Eurozone | 16 Comments