Category Archives: Eurozone

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

French government in tatters and the financial markets want growth

The French government is in tatters after a number of the more enlightened members of parliament resigned as a protest against the mindless austerity that Hollande is imposing on his nation, which is causing the already desperate unemployment situation to … Read the rest of this entry »

Posted in Eurozone | 7 Comments

Eurozone has failed – a major shift in direction is needed

The central bankers of the World met at Jackson Hole, Wyoming last week for their annual gathering far from the madding crowd. And as far away from the mess they have helped to create as you could imagine. Out of … Read the rest of this entry »

Posted in Eurozone | 15 Comments

Friday lay day

Friday, and its my short or no blog day day. Today, I am hosting a Workshop in Newcastle on the Eurozone crisis. We have three papers and a panel discussion. I will post video once it has been processed. But … Read the rest of this entry »

Posted in Eurozone, Friday | 5 Comments

Austerity does not necessarily require a cut in government spending

The Bloomberg Op Ed article (August 19, 2014) – European Austerity Is a Myth – is about as flaky as it gets. The author is intent on justifying the article title by examining changes in government spending (as a per … Read the rest of this entry »

Posted in Eurozone | 11 Comments

Germany contracts as the French suggest defiance

According to data just published by the French National Institute of Statistics and Economic Studies (INSEE), its national statistics agency, the French economy has stalled in the second-quarter 2014. In its – Informations Rapides, Principaux indicateurs 14 août 2014 – … Read the rest of this entry »

Posted in Eurozone | 5 Comments

A rogue nation is needed to exit the Eurozone

I plan to send my final manuscript for my Eurozone book to the publishers tonight. I have some final checks to make on the 390 pages. I hope it will be published in both English and Italian later in the … Read the rest of this entry »

Posted in Eurozone | 28 Comments

IMF wrong on QE

Yesterday the IMF released new analysis of Quantitative Easing, specifically in relation to the Euro Area – Euro Area – Q&A on QE. This is in the context of the ECB beginning to discuss the possibility of introducing a large … Read the rest of this entry »

Posted in Economics, Eurozone, IMF | 10 Comments

Financial elites win with growth and austerity

I was thinking over the weekend about the concept of post nationalism in relation to the evolution of the Economic and Monetary Union (EMU) in Europe. As I complete my current book project on the euro-zone it is clear that … Read the rest of this entry »

Posted in Economics, Eurozone | 15 Comments

Italy should lead the way out of the euro-zone

One of the major demands that the Germans made on its partners leading into Maastricht in 1991 was the need for a politically independent central bank that was focused on price stability alone. This was claimed to be essential because … Read the rest of this entry »

Posted in Eurozone | 7 Comments

Ireland national accounts and inversion

Apparently, the mangy cat that was the Celtic Tiger is about to become the Celtic Tiger again. One of many reports that suggest Ireland is about to have a “here we go again” boom – The mauled Celtic Tiger is … Read the rest of this entry »

Posted in Eurozone | 4 Comments