Category Archives: Eurozone

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

Mario Draghi uses TARGET2 to cower Italy into staying within the Eurozone

The new US President has now scrapped the TPP and is turning his attention to NAFTA. These are developments that those on the Left should applaud. No so the conservative, neo-liberal government in Australia which is claiming it is pushing … Read the rest of this entry »

Posted in Eurozone | 2 Comments

France Stratégie’s three options for the Eurozone ignore the elephant

I read a short discussion paper this morning – What model for the future of the eurozone? Critical actions – released by France Stratégie, which is formally known as the Commissariat général à la stratégie et à la prospective (CGSP). … Read the rest of this entry »

Posted in Eurozone | 13 Comments

Using welfare systems to hide the problem of deindustrialisation

There have been lots of E-mail requests overnight for commentary on the US election result. I think that space is pretty crowded at present – with Clinton supporters trying to reconstruct events to defray their responsibility (a denial strategy), in … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 19 Comments

ECB – every which way but to the point

Eurostat released the latest national accounts data for the Eurozone yesterday (October 31, 2016) – Preliminary flash estimate for the third quarter of 2016 – which showed that real GDP grew by 0.3 per cent in the third-quarter 2016, unchanged … Read the rest of this entry »

Posted in Central banking, Economics, Eurozone | 6 Comments

The European Commission turns a blind eye to record German external surpluses

Data released by Eurostat (October 20, 2016) – EU28 current account surplus €13.5 bn – shows that the EU28 ran a significant current account surplus in August 2016 following a surplus of €11.3 billion in July. The August result is … Read the rest of this entry »

Posted in Eurozone | 12 Comments

The Eurozone ‘house of cards’ to collapse – doomed from the start

There was an interesting interview published in the financial market journal Central Banking this week with Otmar Issing, who was the ECBs first chief economist and a former European Central Bank executive board member. He predicted that as a result … Read the rest of this entry »

Posted in Eurozone | 12 Comments

Latest news on European Youth Guarantee hardly inspiring

The European Commission released a new report yesterday (October 4, 2016) – The Youth Guarantee and Youth Employment Initiative three years on – which provides an updated evaluation of the progress of the policy framework designed to reduce youth unemployment. … Read the rest of this entry »

Posted in Eurozone, Job Guarantee | 1 Comment

The planned destruction of Greece continues …

After all the hoopla last year with the rise and fall of Syriza one’s attention span strays from what is happening in Greece at present and how it demonstrates the continued (and permanent) failure of the Eurozone. We also become … Read the rest of this entry »

Posted in Eurozone | 25 Comments

Mayday! Mayday! The skies were meant to fall in … what happened?

The British Office for National Statistics, which although recently revamped continues to have the most user-unfriendly home page and dissemination service of all the national statistical agencies, published the latest – Retail Sales in Great Britain: July 2016 – data … Read the rest of this entry »

Posted in Britain, Eurozone, UK Economy | 16 Comments

The struggle to establish a coherent progressive position continues

There was an interesting article from Spanish political scientist (and economist) Vicente Navarro (August 4, 2016) – Is The Nation-State And Its Welfare State Dead? A Critique Of Varoufakis – which contested the former Greek finance mininster’s claims that the … Read the rest of this entry »

Posted in Demise of the Left, Eurozone | 20 Comments