Search Results for: "fiscal sustainability"

The German model is not workable for the Eurozone

I had an interesting meeting in Melbourne yesterday and the topic of the discussion, among other things, was the propensity of the current economic malaise in Europe to invoke associations with its historical past – in particular, the rise of … Read the rest of this entry »

Posted in Eurozone | 16 Comments

Greece to leave the Eurozone and become a German colony

The Euro leaders are having another Summit in Brussels today – another one – the 17th in two years. I think they are getting used to the nice wine and sumptuous food that is served up. Little ever comes from … Read the rest of this entry »

Posted in Eurozone | 20 Comments

Saturday Quiz – December 17, 2011 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

Posted in Saturday quiz | 5 Comments

When markets fail

A repeating narrative during this crisis is that fiscal austerity is required in order to satisfy the “markets”, that amorphous collective of bond traders, gamblers, speculators, crooks and whatever else. The regular threats coming from the ratings agencies (those crooks … Read the rest of this entry »

Posted in Economics, Eurozone | 16 Comments

Saturday Quiz – November 19, 2011 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

The ECB is a major reason the Euro crisis is deepening

I notice that a speech made yesterday (November 8, 2011) in Berlin – Managing macroprudential and monetary policy – a challenge for central banks – by the President of the Deutsche Bundesbank, Jens Weidmann has excited the conservatives and revved … Read the rest of this entry »

Posted in Economics, Eurozone | 9 Comments

Economy faltering – Australia’s wind-up Treasurer “We will cut harder”

On May 10, 2011, the Australian Treasurer delivered his Budget Speech 2011-12. At the time I wrote these blogs – Australian Federal Budget – more is not less and Time to end the deficits are bad/surpluses are good narrative. Some … Read the rest of this entry »

Posted in Economics | 28 Comments

You do not increase spending by cutting it

Last weekend, on the eve of the G-20 meeting in Paris over the weekend, the Australian Treasurer was talking tough and giving ultimatums to our Northern friends – telling them that the “time for half measures is over. The time … Read the rest of this entry »

Posted in Economics, Eurozone | 17 Comments

Saturday Quiz – October 15, 2011 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

Posted in Saturday quiz | 17 Comments

Tripping over one’s ideological shoe laces

I’m sitting here at the airport typing away while the morning TV news in the background is showing the Australian Treasurer acknowledging that the economy is slowing and undermining his obsessive desire to achieve a budget surplus next year. Tax … Read the rest of this entry »

Posted in Economics | 5 Comments