The Euro is not unassailable, even with the ECB’s bond buying
There appears to be an emerging consensus that the euro will survive, especially now that Mario Draghi has apparently grasped the nettle and persuaded his colleagues that the ECB is prepared to...
View ArticleIs austerity behind the rise of Euro-nationalism and separatism?
Eric Reguly of the Globe and Mail recently wrote a column on political extremism in Europe (Golden Dawn, Jobbik, PVV et al). He posed the question: Are the dying economies are behind their rise? On...
View Article‘Sinnful’ advice from Germany
Hans-Werner Sinn, Germany’s leading anti-euro agitator, is at it again: he believes that countries such as Portugal and Greece should temporarily leave the Eurozone in order to mitigate the systemic...
View ArticleThe sad state of Italy
It’s a sad state of affairs when Silvio Berlusconi is taking the most sensible economic position in regard to Italy. But he is absolutely right to oppose the fiscal austerity garbage being embraced by...
View ArticleWho really won the war?
From the strategist Charles Gave: “Let’s be very clear here: this is what the euro has wrought. This destruction of the non-German industrial bases has taken place with the active complicity of the...
View ArticleNo matter who is elected, Italy will stay in the doldrums
Italy goes to the polls Sunday and Monday for national and regional elections. There has been great uncertainty about the outcome and this seems to be a major factor behind the under-performance of...
View ArticleWarnings from the penthouse suite of the roach motel
Chancellor Angela Merkel’s junior coalition partner said on Sunday Germany must not allow France to break the European Union’s debt rules and it warned the European Central Bank against buying up...
View ArticleIf only Germany could say ‘yes’.
About 25 years ago when I was living in Tokyo, Japan nationalist politician, Shintaro Ishihara, wrote a book called, “The Japan That Can Say ‘No’”. In the book, Ishihara decried his countrymen’s supine...
View ArticleWill the Cyprus bailout cause Eurozone bank deposit flight to resume?
In a move that could set off new fears of contagion across the euro zone, anxious depositors drained cash from automated teller machines in Cyprus on Saturday, hours after European officials in...
View ArticleEuro-austerity fatigue setting in?
Italy is considering a substantial increase in sales of government debt to boost its recession-hit private sector after striking a deal with the European Commission that allows a relaxation of Rome’s...
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