Category Archives: Eurozone

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

European Youth Guarantee audit exposes its (austerity) flaws

On Tuesday (March 24, 2015), the European Court of Auditors, which is the EU’s independent external auditor and aims to improve “EU financial management”, released a major report – EU Youth Guarantee: first steps taken but implementation risks ahead (3 … Read the rest of this entry »

Posted in Eurozone | 10 Comments

Syriza must stay left of the line – more is at stake than Greece

There were regional elections in the autonomous community of Andalusia (Spain) over the weekend which saw the Spanish Socialist Workers’ Party (PSOE) hold onto power. The results showed that the left-wing political party – Podemos – which received nearly 8 … Read the rest of this entry »

Posted in Economics, Eurozone | 24 Comments

Eurozone unemployment – little to do with international competitiveness

The so-called ‘Informal European Council’ released a document on February 12, 2015 – Preparing for Next Steps on Better Economic Governance in the Euro Area: Analytical Note – which has been used as a background paper to batter the Greeks … Read the rest of this entry »

Posted in Eurozone | 13 Comments

Spanish labour market – not so dynamic

There was an article published by a Spanish research group (aligned with the University of Navarro) last week (March 14, 2015) – Spain’s Labor Market grows more dynamic – that reports on a special survey (150,000 respondents in 800 Spanish … Read the rest of this entry »

Posted in Eurozone | 7 Comments

US and Eurozone inflationary expectations diverge

Back in October 2009, the US unemployment rate had climbed to 10 per cent (its seasonally adjusted peak in the recent recession), the fiscal deficit was around $US1.4 trillion (9.8 per cent of GDP), which was the largest since the … Read the rest of this entry »

Posted in Eurozone, US economy | 9 Comments

Friday lay day – Faut-il donc haïr l’Allemagne?

Its my Friday lay day blog where I plan to write less here and more elsewhere. Today, a brief discussion of two interesting articles that I read recently. The blog title – Faut-il donc haïr l’Allemagne? (must we hate Germany?) … Read the rest of this entry »

Posted in Eurozone, Friday | 14 Comments

Never impose austerity in a slump

In September 2013, when the current Conservative government took office in Australia we were told that “At last, the grown-ups are back in charge” (Source). It was the arrogance of the victors who also presumed a sort of divine right … Read the rest of this entry »

Posted in Economics, Eurozone | 24 Comments

Greece goes back into depression – having never left it

Last Friday (March 6, 2015), Eurostat unveiled the latest – National Accounts estimates for the fourth-quarter 2014. All the Greek news this week will be about the – Letter – that the Greek Finance Minister sent to the president of … Read the rest of this entry »

Posted in Eurozone | 20 Comments

Germany is not a model for Europe – it fails abroad and at home

Some time ago I wrote a blog – The German model is not workable for the Eurozone (February 3, 2012) where I outlined why Germany’s export-led growth strategy could not be a viable model for the rest of the Eurozone … Read the rest of this entry »

Posted in Eurozone | 17 Comments

Don’t mention the war! er the Troika …

“Don’t mention the war”! was a classic line from the episode – The Germans – in the comedy Fawlty Towers. Basil Fawlty implored his meagre staff to stay silent in case they offended some German tourists staying at his hotel. … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy | 33 Comments