Category Archives: Eurozone

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

Irish national accounts – smoke and mirrors really

Last week (July 12, 2016), the Irish Central Statistics Office published updated – National Income and Expenditure Annual Results – which revealed that between 2014 and 2015, the economy grew by a staggering 26.3 per cent (while the implied inflation … Read the rest of this entry »

Posted in Eurozone | 15 Comments

Brexit signals that a new policy paradigm is required including re-nationalisation

With the new British Prime Minister now indicating that she will push ahead with Brexit and free the nation from the undemocratic imposts of the increasingly dysfunctional European Union, a view that is apparently ‘poisonous’ to some so-called progressive writers, … Read the rest of this entry »

Posted in Britain, Demise of the Left, Economics, Eurozone, UK Economy | 36 Comments

The Italian bank crisis – another Eurozone mess

So several investment funds based on real estate in the UK have suspended trading to stop people withdrawing their funds. Who would have thought that in a vastly overvalued UK property market that people would start to reassess the value … Read the rest of this entry »

Posted in Eurozone | 12 Comments

ECB research shows huge output gap and need for fiscal expansion

Last week, I reported on some claims by Australian private sector economists that the Australian government was deplete of policy tools (“run out of ammunition” was the cute term used among these self-serving characters) and would not be able to … Read the rest of this entry »

Posted in Britain, Central banking, Eurozone, UK Economy, US economy | 5 Comments

Further evidence that ECB monetary gymnastics have not stimulated lending

This morning I was reading the – The euro area bank lending survey – for the first quarter of 2016, published by the European Central Bank (ECB). This is a quarterly survey that the ECB conducts which was first published … Read the rest of this entry »

Posted in Central banking, Eurozone | 3 Comments

The European Commission and ECB outdo themselves in their quest for absurdity

As the years have passed, I have become inured to the depths of absurdity that the European Commission and the political elites its nurtures go to justify their existence. The Maastricht exercise in the late 1980s and early 1990s was … Read the rest of this entry »

Posted in Central banking, Eurozone | 38 Comments

Iceland proves the nation state is alive and well

On May 27, 2016, Statistics Iceland (the national statistical agency) released the news – Iceland economy to grow by 4.3% in 2016. The nation is enjoying strong household consumption and investment growth and tourism is driving export growth. Inflation is … Read the rest of this entry »

Posted in Demise of the Left, Eurozone | 23 Comments

ECB’s expanded asset purchase programme – more smoke and mirrors

On January 25, 2015, the press release heading read – ECB announces expanded asset purchase programme. The ECB had decided to ramp up its quantitative easing (QE) program by adding “the purchase of sovereign bonds to its existing private sector … Read the rest of this entry »

Posted in Central banking, Eurozone | 5 Comments

Austerity is killing off the hopes of our youth

Sometimes, it is almost as if I have to pinch myself to establish that what I am reading is not a dream. A few reports lately have had that effect, not the least being the latest IMF report – Debt … Read the rest of this entry »

Posted in Eurozone, IMF | 18 Comments

Greek bailout money goes to banks and corporations – who would have thought?

Earlier this week (May 23, 2016), the Greek public opinion polling agency – Public Issue – published its latest Political Barometer (No. 156) which reported on – Attitudes towards the European Union and the Euro. As at May 2015, the … Read the rest of this entry »

Posted in Eurozone | 13 Comments