Category Archives: Eurozone

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

The case of the financial commentator who turned into a banana

Today, I am writing about the mysterious case of the financial commentator who turned into a banana. It happened around 4.5 years ago and has left a disturbing trail of comedic predictions. The person in question still looks a little … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 9 Comments

Eurozone households still highly vulnerable to bankruptcy

The ECB recently released a Working Paper – Financial Fragilty of Euro Area Households – which attempts “to identify distressed households by taking account of both the solvency and the liquidity situation of an individual household”. The paper uses survey … Read the rest of this entry »

Posted in Central banking, Eurozone | 5 Comments

Eurozone battle lines being drawn again with Germany on the other side

The battlelines between the European Commission and France and Italy over the – Corrective arm – of the Stability and Growth Pact are firming up after the Italian Government publicly released a ‘strictly confidential’ letter from the Vice President of … Read the rest of this entry »

Posted in Eurozone | 5 Comments

Still sinning … a German economist who cannot face facts

German economist Hans-Werner Sinn, who has been implacably opposed to the Eurozone bailouts and so-called debt mutualisation is at it again with an article in the UK Guardian yesterday (October 22, 2014) – Europe can learn from the US and … Read the rest of this entry »

Posted in Eurozone, US economy | 11 Comments

The German ship is sinking under the weight of its own delusions

Eurostat’s recent publication (October 14, 2014) – Industrial production down by 1.8% in euro area – rightfully sends further alarm bells throughout policy makers in Europe, except I suppose Germany where denial seems to be rising as its industrial production … Read the rest of this entry »

Posted in Eurozone | 13 Comments

The myopia of neo-liberalism and the IMF is now evident to all

The IMF published its October – World Economic Outlook – yesterday (October 7, 2014) and the news isn’t good. And remember this is the IMF, which is prone to overestimating growth, especially in times of fiscal austerity. What we are … Read the rest of this entry »

Posted in Economics, Eurozone, IMF, Japan | 10 Comments

The German experiment has failed

In the last week, several new data releases have shown that the Eurozone crisis is now consolidating in the core of Europe – France, Italy and … yes, Germany. The latter has forced nonsensical austerity on its trading partners in … Read the rest of this entry »

Posted in Eurozone | 7 Comments

Another Eurozone plan or two that skate around the edges

There was an article in UK Guardian last week (September 26, 2014) – Debt forgiveness could ease eurozone woes – which was interesting and showed how far the debate has come. The outgoing European Commissioner for Employment, Social Affairs and … Read the rest of this entry »

Posted in Eurozone | 13 Comments

Yet another solution for the Eurozone

The basis of a fiat currency, which is issued under monopoly conditions by the government and has no intrinsic value (unlike say gold or silver currencies) is that it is the only unit that the non-government sector can use to … Read the rest of this entry »

Posted in Eurozone, US economy | 10 Comments

European Employment Strategy – barely a new job in sight

Eurostat released the latest – Employment – data for July 2014 last week (September 12, 2014) and announced that total employment was up by 0.2 per cent in the euro area. For those that study the data closely you will … Read the rest of this entry »

Posted in Economics, Eurozone | 12 Comments