Category Archives: Eurozone

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

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 | 10 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

Friday lay day

Its Friday and my declared lay day for blogging. I am currently working on some research analysing the shift in patterns of regional unemployment in Europe as a result of the GFC and the policy austerity that followed (it is … Read the rest of this entry »

Posted in Eurozone, Friday | 1 Comment

Our poster child keeps exposing the myths

A regular occurrence is the prediction of doom for Japan. Some minor upturn in Japanese government bond yields or a movement in some other irrelevant financial statistic relating to the Japanese public sector sends the financial press into apoplexy. But … Read the rest of this entry »

Posted in Eurozone, Japan | 13 Comments

Friday lay day

Its my Friday Lay Day blog, which means I don’t really write one. I am working on an Modern Monetary Theory (MMT) volume for my publisher, Edward Elgar, which will document, to date, the key literature that I consider to … Read the rest of this entry »

Posted in Eurozone, Friday | 14 Comments