Category Archives: Eurozone

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

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

IMF attacks the Stability and Growth Pact

The IMF recently called on the euro-zone leaders to In its 2014 Consultation – 2014 Article IV Consultation with the Euro Area Concluding Statement of the IMF Mission – (an annual event the IMF does with each contributing member) the … Read the rest of this entry »

Posted in Eurozone, IMF | 4 Comments

German economics minister “austerity policies have failed”

There was a report in the papers this morning about a horrific beating in one of the poorest migrant areas north of Paris. The article – Roma teen attacked: the images that will shock France was really a repeat of … Read the rest of this entry »

Posted in Eurozone | 17 Comments

An intellectual storming of the beaches is required in Europe

Seventy years ago today there was a major mobilisation – D Day – designed to free Europe from the German military (and ideological) oppression. The allied troops stormed the beaches at Normandy as part of the so-called ‘Operation Overlord’, which … Read the rest of this entry »

Posted in Eurozone | 7 Comments