Category Archives: Eurozone

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

Greece – now the conservatives are denying there was austerity

The Project Syndicate recently (August 6, 2015) published an Op Ed by conservative Edmund Phelps – What Greece Needs to Prosper. The article was widely syndicated by the conservative media and represents part of the conservative narrative to conveniently revise … Read the rest of this entry »

Posted in Economics, Eurozone | 10 Comments

Friday lay day – when governments act outside the law they just change the law!

Its my Friday lay day. This week I have written a few (very) long blogs on what I consider to be significant topics. I have been writing on topics that have a direct bearing on what is happening within the … Read the rest of this entry »

Posted in Climate change, Eurozone, Friday, Politics, UK Economy | 10 Comments

Mitterrand’s turn to austerity was an ideological choice not an inevitability

As background research to one of my book projects I have been reading a recent biography of François Mitterrand by Philip Short. Its title “Mitterand: A Study in Ambiguity” points to the capacity of Mitterand himself to blow with the … Read the rest of this entry »

Posted in Eurozone, Friends like this, Politics | 16 Comments

Ireland – the quantity-adjusting recovery

There was an interesting – Letter to the New York Times – last week (August 3, 2015) from an Irish academic (Stephen Kinsella) in response to an Op Ed by the German economist Hans-Werner Sinn (July 24, 2015) – Why … Read the rest of this entry »

Posted in Eurozone | 14 Comments

Long-term unemployment behaviour reflects austerity bias in Eurozone

The Economist magazine, never one to resist the urge to promote flawed ‘free market’ analysis, does not seem to have learned any lessons from its erroneous coverage of the GFC. It the latest version of what has to be one … Read the rest of this entry »

Posted in Eurozone, US economy | 10 Comments

Friday lay day – Italy’s time to demonstrate leadership

Its my Friday lay day blog and I am limping into the weekend to rest up some more. There was an interesting article in the Washington Post (July 31, 2015) – Why Italy is the most likely country to leave … Read the rest of this entry »

Posted in Eurozone, Friday | 6 Comments

IMF on Greece – they haven’t learned from their mistakes

In the most recent take of the Greek crisis, the IMF seems to have come out as being the reasonable part of the Troika as a result of its last minute release of a document where it said that Greece’s … Read the rest of this entry »

Posted in Economics, Eurozone | 13 Comments

IT considerations of a Greek exit – Part 2

This is a short update to today’s blog. I had a discussion today with a good friend who owns a significant private firm in Europe which is at the forefront of delivering innovative card payment services to banks and corporations … Read the rest of this entry »

Posted in Eurozone | 21 Comments

Friday lay day – some IT considerations of a Greek exit

Its my Friday lay day blog – and today we have a little digression in IT matters. The WWW site Naked Capitalism that has been less than hostile towards Modern Monetary Theory (MMT) perspectives over the last several years seems … Read the rest of this entry »

Posted in Eurozone, Friday | 12 Comments

The origins of the ‘leftist’ failure to oppose austerity

I note the calls for more discussion on the trap that the ‘left’ has made for itself by buying into the globalisation/political capture myth. As I have noted previously, I am currently researching a new book on this topic which … Read the rest of this entry »

Posted in Debriefing 101, Economics, Eurozone | 16 Comments