Greek Debt

The health spending map of the world

Updated: 2012-06-30 16:18:25

How does each country compare in the health spending stakes?Simon Rogers

24 hours in pictures

Updated: 2012-06-30 14:22:04

A selection of the best images from around the world

Julian Assange statement on political asylum application - video

Updated: 2012-06-30 11:58:32

A supporter of Julian Assange reads a statement on his behalf outside the Ecuadorean embassy where the WikiLeaks founder is residing, unable to leave for fear of being arrested and deported

Eyewitness: Sirguin, Burkina Faso

Updated: 2012-06-30 09:18:00

Photographs from the Guardian Eyewitness seriesAndy HallJim Powell

London 2012 Olympics: Usain Bolt beaten by Yohan Blake at Jamaica trials

Updated: 2012-06-30 04:15:53

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Missing Olympic torchbearer found in Nottingham

Updated: 2012-06-30 01:37:05

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Walking backwards towards integration at the EU summit | François Godement

Updated: 2012-06-30 01:00:01

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EU Master Plan: Lurching Toward Oblivion

Updated: 2012-06-30 00:41:11

, Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs EU Master Plan : Lurching Toward Oblivion Jun 29 2012 The grownups of the European Union all got together for a nice dinner in Brussels last night , but the peripheral nation” children refused to eat their vegetables unless they were first promised . dessert The latest among many EU summits that began Thursday was marked by a shift in

Paraguay suspended from Mercosur

Updated: 2012-06-30 00:32:06

More Evidence Backing Bottoming Process

Updated: 2012-06-29 21:54:20

If time permits, we will try to put together a video this weekend showing bullish developments and concerns that remain. In the chart below of VEU, price is clearly above the upward-sloping trendline near point A. The 20-day moving average (blue line) held and has turned up in a bullish manner (see point B). [...]

IIF Dallara: EMU Should Drop Seniority For Official Creditors

Updated: 2012-06-29 18:10:01

By Johanna Treeck FRANKFURT (MNI) – The Eurozone should drop senior status for public sector creditors, and there are signs that it is ready to do so, International Institute of Finance managing director Charles Dallara told MNI on Thursday. “As Europe tries to stabilize the sovereign debt environment, I think it would be very prudent [...]

IMF welcomes EU council decision

Updated: 2012-06-29 17:30:52

From RTRS: IMF says “strongly” welcomes decisions by EU council. Steps will help break feeback loop between banks and sovereigns. Also they are “the right steps” toward completing monetary union. Guess now everyone is happy .

Update: Merkel: States Seeking Bond Buys Must Meet EU Terms

Updated: 2012-06-29 17:30:04

–Adds Comments From Merkel’s Government Declaration On ESM BRUSSELS/BERLIN (MNI) – Any countries requesting sovereign bond buys by the EU’s rescue funds will have to meet existing EU Commission recommendations for reforms, including a timeframe in which to fulfill the conditions to be worked out with the Commission, German Chancellor Angela Merkel said Friday. At [...]

Happy Birthday Frederic Bastiat

Updated: 2012-06-29 16:18:10

The great French economist, Frédéric Bastiat, was born on June 29, 1801, 211 years ago today. He spent his advocating free markets, particularly free trade, and fighting the socialist policies of his native country. What makes him my hero is that he fought the good fight with great humor, wit and satire. His writings were [...]

Europe Announces Moves - Stocks Gain

Updated: 2012-06-29 04:35:16

Late Thursday on the wires - all unconfirmed, but the futures and Asian stocks have reacted positively: Europe plans single financial supervisor EU: will have direct recap of banks Renounced seniority on loans Opened bailout funds with little/fewer strings The initial reaction is positive.

Guest Contribution: The Fed Shirks Its Duties

Updated: 2012-06-28 19:15:00

: : Econbrowser Analysis of current economic conditions and policy Links for 2012-06-27 Main June 28, 2012 Guest Contribution : The Fed Shirks Its Duties Today we are fortunate to have a guest contribution written by Joseph E . Gagnon of the Peterson Institute of International . Economics On June 20, 2012, the Federal Reserve System’s Federal Open Market Committee extinguished the last shred of doubt as to whether it intends to achieve its mandated objectives . Despite a substantial markdown of an already inadequate forecast , the Fed did not take any actions that would make it possible to achieve either of its objectives over the foreseeable future . The action that was announced--additional purchases of longer-term Treasuries worth 267 billion--is estimated to reduce the 10-year Treasury

Reuters: Primary Bond Buys Possible

Updated: 2012-06-28 18:54:49

Another story on bond buying, which leans bullish for risk assets. While anything can happen, an announcement confirming this approach could spark a big short-covering rally. From Reuters: European Union leaders are likely to discuss the possibility of the euro zone’s bailout funds buying Spanish and Italian bonds as they are issued, to help ease funding [...]

Short-Term Stock Support Still In Picture

Updated: 2012-06-28 18:40:11

Update: The Treasury ETF, TLT, has traded 3.6M shares today. A typical day sees 9.1M shares change hands. The desire to migrate toward “safe” assets is not strong today. It is too early to buy. It is also too early to give the bearish case the nod. Possible support exists on [...]

Roubini and Bremmer Bloomberg Video on G-Zero Leadership, the European Debt Crisis, and a Global Perfect Storm (Full Clip)

Updated: 2012-06-28 15:24:36

, , Latest Posts Archives Contact RSS Subscribe Subscribe to email updates for Nouriel Roubini's Global : EconoMonitor Previous Video of my Talk in Bologna : Roubini-Rampini : Is There a Future for the Eurozone and its Social Welfare Model About Posts from my writings , commentary and media . appearances Profile Nouriel Roubini is cofounder and chairman of Roubini Global Economics , a global macroeconomic and market strategy research firm . More Books âCrisis Economics : A Crash Course in the Future of Financeâ Penguin Press , 2010 Books âBailouts or Bail-Ins : responding to Financial Crises in Emerging Marketsâ by Nouriel Roubini and Brad Setser Blogroll Roubini Global Economics Roubini and Bremmer Bloomberg Video on G-Zero Leadership , the European Debt Crisis , and a Global

WSJ Story Hints At Bond Buying

Updated: 2012-06-28 14:41:52

The Wall Street Journal published an interview this morning with German Finance Minister Wolfgang Schäuble. Since Germany holds the purse strings, his comments are important. Two potentially positive developments are included in the interview. The first relates to trying to calm markets in the short-term: Mr. Schäuble acknowledged that Europe might have to [...]

Next Pullback Could Yield Buying Opportunity

Updated: 2012-06-27 22:30:26

We have no idea about: (a) what will happen in Europe over the next four days, and (b) the market’s reaction. We do know the DeMark exhaustion setups discussed at the 12:17 mark of the June 22 video below remain viable. Numerous markets could see exhaustion counts in the coming days. [...]

Links for 2012-06-27

Updated: 2012-06-27 19:56:35

: Econbrowser Analysis of current economic conditions and policy Guest Contribution : Labor Shares and Corporate Savings” Main Guest Contribution : The Fed Shirks Its Duties June 27, 2012 Links for 2012-06-27 Quick links to another proposal for Europe , and estimates of U.S . consumer benefits from lower natural gas and gasoline . prices Should Germany save the euro by abandoning it If Greece is forced out of the euro , who is next Speculation that the same could happen to Spain , or Portugal , or Italy , could lead to self-fulfilling speculation against banks and sovereign debt , and where does the process end Kenneth Griffin and Anil Kashyap suggest that the solution is for Germany to exit and leave everybody else : in Although repeated currency devaluations are not the path to

Can Europe Pull Germany From Fantasy Land?

Updated: 2012-06-27 15:23:15

We sympathize with Germany’s position in Europe. They understand it will be much more difficult to see over-extended budgets brought back into line after checks have been passed out (again). Germany’s bargaining power remains strongest when bond market pressures are high in Italy and Spain. If your house is on fire, a guy [...]

"Maria Joao Rodrigues on Scenarios for the Eurozone" by Maria Joao Rodrigues

Updated: 2012-06-27 10:31:30

The policy maker, academic and Special Adviser to the Party of European Socialists Maria Joao Rodrigues discusses scenarios for the Eurozone with Social Europe Journal. This interview is part of the Eurozone Scenarios Project of the Friedrich-Ebert-Stiftung and Social Europe Journal

"Ha-Joon Chang on the Eurozone Crisis and Growth" by Ha-Joon Chang

Updated: 2012-06-27 01:47:28

Ha-Joon Chang of Cambridge University discusses the Eurozone crisis and growth with Social Europe Journal. This interview is part of the European growth strategy expert sourcing jointly organised by Social Europe Journal, the Friedrich-Ebert-Stiftung, the Bertelsmann Stiftung, the IMK of the Hans Boeckler Stiftung and the European Trade Union Institute (ETUI).

What Austerity Measures?

Updated: 2012-06-27 00:28:48

Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs What Austerity Measures Jun 26 2012 Just as we are told that capitalism failed , we are being told that austerity has failed . Is this another ploy to bend the meaning of words and manipulate public opinion Austere : without unnecessary expenditure an austere way of life . Austerity is the practice of cutting spending , an obvious necessity

The Diminishing Marginal Utility of Excess Bank Reserves

Updated: 2012-06-27 00:15:56

This is not an argument for more quantitative easing, or QE3, as it would inevitably be called. Instead, this is about the logic of the argument for more quantitative easing. It is intended as a response to the oft-heard argument that more quantitative easing wouldn’t stimulate the economy because past quantitative easing hasn’t produced the [...]

European Proposal Has More Teeth

Updated: 2012-06-26 16:03:15

This is the first article we have read in some time that lends hope for European progress. Below are excerpts from a CNBC/Financial Times story posted on Monday night: The European Union would gain far-reaching powers to rewrite national budgets for eurozone countries that breach debt and deficit rules under proposals likely to be discussed [...]

"Consolidation, Eurobonds and Growth" by Bjorn Hacker

Updated: 2012-06-26 11:14:36

Evaluation of the Debt Repayment Pact Proposed by Germany’s Council of Economic Experts Since the German government is set on tough austerity measures for indebted states in response to the Eurozone crisis opponents’ calls for eurobonds and a Marshall Plan for Southern Europe are in vain. Recently, Germany’s Council of Economic Experts came up with [...]

"The Euro Is Flat" by Paul Krugman

Updated: 2012-06-26 10:40:15

Still limited blogging. But I thought I’d post about something that sort of surprised me. As we contemplate the euro mess, there’s a strong tendency to think of it as having a lot to do with the fundamental inequalities in overall productivity and economic development between euro members — backward, semi-developed countries like Greece or [...]

Credit Default Swaps Explained

Updated: 2012-06-26 01:29:43

Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs Credit Default Swaps Explained Jun 25 2012 A credit default swap CDS is a derivative referencing the credit of the reference entity . A derivative is simply a . contract You can think of a credit default swap CDS as kind of like auto insurance . Let’s say you are buying car insurance for : yourself You purchase car insurance from an

Patience Warranted Before Hedging

Updated: 2012-06-25 22:30:33

We were ready to add a hedge against our long positions today, but the 30- and 60-minute charts called for some patience. The lowest level of horizontal support is at 1,306 or 7 points below Monday’s close. Possible upside on a 60-minute DeMark chart is 44 points higher than today’s close. With [...]

New Blog Look; Move

Updated: 2012-06-25 21:55:26

(1) New Blog Look!: Many thanks to Angie Brandt, WordPress expert, for sprucing up our blog! Longtime readers of this blog may know that we switched from Blogger to WordPress a while back, and were unable to keep the template … Continue reading →

Possible Intermediate-Term Approach

Updated: 2012-06-25 16:42:05

We have long exposure, which caters to bullish outcomes. We have a ton of cash, which aligns with our fundamental concerns. The significant bull/bear demarcation line sits between 1,268 and 1,240. Even if 1,240 holds and stocks rally, a drop to 1,240 represents a 5.5% decline from present levels. Based on [...]

Women fight for their rights to their home

Updated: 2012-06-25 14:04:49

http://www.irinnews.org/Report/95705/SIERRA-LEONE-Fighting-for-women-s-right-to-land SIERRA LEONE: Fighting for women’s right to land Photo: Felicity Thompson/IRIN Gladys Brima, a women’s rights activist, says land rights discriminate against women FREETOWN, 22 June 2012 (IRIN) – Shortly after her father died, Sia Bona’s husband’s family took over her father’s oil-palm plantation and rice paddies, and drove her and her mother [...]

"Fiscal Austerity and its Implications for Europe’s Youth Employment Crisis" by Iyanatul Islam

Updated: 2012-06-25 09:37:59

Youth unemployment has reached disturbing proportions in advanced economies and most notably in the Euro zone.[1] This has emerged against the grim background of a lingering recession. Growth in the Euro zone has been virtually zero in the most recent quarter. Spain and Greece have the dubious distinction of having more than 50 per cent [...]

"Sergei Stanishev on European Growth" by Sergei Stanishev

Updated: 2012-06-25 07:00:33

Sergei Stanishev, President of the Party of European Socialists, talks to SEJ Editor Henning Meyer about European growth. This interview is part of the European growth strategy expert sourcing jointly organised by Social Europe Journal, the Friedrich-Ebert-Stiftung, the Bertelsmann Stiftung, the IMK of the Hans Boeckler Stiftung and the European Trade Union Institute (ETUI).

Pensions: good reasons for savers to ignore bad news

Updated: 2012-06-22 12:45:17

Pension savers have good reasons to ignore bad news, however counter-intuitive that may sound. If, every time you stroke the dog, it bites you, most folk will pretty soon stop stroking the dog. Millions of people could be forgiven for feeling that way – and leaping to the wrong conclusion – when they look at [...]

Money-Good Asset Stocks Shrivel Prompting Collateral Crisis

Updated: 2012-06-22 01:03:56

Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs Money-Good Asset Stocks Shrivel Prompting Collateral Crisis Jun 21 2012 What exactly is a money-good” asset , and why should I care Gold is money , everything else is credit . One need not look any farther than the above quote representing the seminal example of credit risk valuation , from John Pierpont . Morgan But if gold is money , then

Contractionary Fiscal Contraction Is Even More Contractionary

Updated: 2012-06-21 17:32:28

: Econbrowser Analysis of current economic conditions and policy Europe in 1931 Main Thirty Years Ago Today June 21, 2012 Contractionary Fiscal Contraction Is Even More Contractionary Once one takes into account spillover effects , which are likely to be large in the Eurozone In my post from last week in which I made the commonsensical observation that contractionary fiscal policy is contraction I reproduced this table from a Deutsche Bank . publication Figure : 1 Fiscal adjustment , multipliers , growth impacts . Source : Deutsche Bank , Fighting the Clock , Fixed Income May 2012 not online Note : a negative sign under change in structural balance” indicates an increase in the . surplus In a personal communication , Not the Treasury View s Jonathan Portes observed that the multipliers ,

"Terrifying Echoes from the Past" by Ronald Janssen

Updated: 2012-06-21 10:04:16

Ewald Nowotny, the head of the Austrian Central Bank, has now broken the taboo by stating publicly that the austerity policy applied in the Great Depression of the thirties and the mass unemployment that resulted from this policy gave birth to the rise of national socialism. Since Nowotny is also member of the ECB board, this [...]

Sterilization Compensation Unlikely This Year

Updated: 2012-06-20 22:26:15

"Austerity is Exacerbating the Crisis" by Bjorn Hacker

Updated: 2012-06-20 15:28:33

Analysis of the Adaptation Programmes Reveals Policy Failures In a comprehensive study for the Friedrich-Ebert-Stiftung Klaus Busch, Professor (retired) of European Studies at the University of Osnabrück, meticulously charts political crisis management since the beginning of the crisis in the Euro Area in 2010: »A manifold policy failure is evident during this brief time-period which [...]

Is Krugman Right About Greece?

Updated: 2012-06-20 10:59:00

Why the Senate Won’t Touch Jamie Dimon: JPM Derivatives Prop Up U.S. Debt

Updated: 2012-06-20 01:43:15

When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy [...]

The FOMC’s Options

Updated: 2012-06-20 00:38:19

When I was on the FOMC (1991-2004), I arrived at the meetings with “soft conclusions” formed. By that I meant I went in with my preferences, but with a mind open enough to be persuaded otherwise. Tonight, my conclusions are softer than usual, but here is the context of tomorrow’s FOMC decision as I see [...]

"Heading for the Margins: The UK and the EU" by Chris Gifford

Updated: 2012-06-19 10:06:40

In arguing for the necessity of further integration of the Eurozone, Cameron and Osborne have also been positioning the UK on the periphery of European developments. This is consistent with the direction of the UK on Europe which, since rejecting membership of the Euro, has moved towards a position that is primarily concerned with benefiting [...]

Video of my Talk in Bologna: “Roubini-Rampini: Is There a Future for the Eurozone and its Social Welfare Model?”

Updated: 2012-06-18 19:22:58

My comments are in English:

Interview at the spanish Cadena Cope (18/06/2012)

Updated: 2012-06-18 16:55:12

Audio Elena Panaritis

Is this the shortest-lived relief rally in history?

Updated: 2012-06-18 11:52:38

Eurozone relief rallies seem to last ever less time. The latest one – in response to the Greek election result – barely saw out the hour. With Spanish and Italian bond yields back above 7pc and 6pc respectively, stock markets are again in trouble. As markets are correctly surmising, the narrow New Democracy victory in [...]

Father’s Day

Updated: 2012-06-17 02:37:07

I wrote the following for Father’s Day in 2002. It was published in the Dallas Morning News on June 12, 2002. “Hey Dad, Look at Me” “Hey Dad, look at me.” That’s what dads are for. You go to dad when you’re right proud of yourself. “Look, Dad, no hands.” “Hey Dad, I made [...]

The Bang! Moment is Here

Updated: 2012-06-16 19:37:00

Sign in Join Home Investor Blogs Global Emerging Markets Stock Research Multimedia Investment News Thoughts From The Frontline The Bang Moment is Here The Bang Moment is Here Thoughts From The Frontline Home About Contact Blog Subscription Form Email Notifications Go Syndication RSS for Posts Atom RSS for Comments Frontline Thoughts Audio Don't have time to read the weekly newsletter The audio version of my Frontline Thoughts are now available via Podcast on InvestorsInsight.com . nbsp Consume the feed here Have You Seen This Recent Posts Daddy’s Home The Bang Moment is Here A Dysfunctional Nation First Deflation , Then Inflation . But the Timing Meanwhile , Back at the Ranch Tags China Consumer Spending Credit Crisis Debt Deficit Deflation Economic Forecast Economy Employment Euro Europe

Options for Europe

Updated: 2012-06-16 09:06:44

: Econbrowser Analysis of current economic conditions and policy Contractionary Fiscal Contraction , Quantified : European Edition Main Austerity , Forced and Unforced June 16, 2012 Options for Europe This problem is not fixing . itself Bob Barbera and Jonathan Wright offer this assessment of the situation in : Europe Up until a few weeks ago , all European officials declared at all moments that there were no conditions that could lead to a nation leaving the euro . Suddenly that was no longer true . Contagion fears-- if Greece can be thrown out , why not Spain and Italy-- quickly appeared . This produced a quick calculation . If my money is in a bank in a nation at risk , I might go to bed with 10,000 euros and wake up with 10,000 pesetas . In other words , my deposit was guaranteed , but

Elena Panaritis Live and direct on BFMTV 16/6/2012, 20:30 CET

Updated: 2012-06-16 01:57:30

Watch today (16/6/2012) Elena Panaritis interview on BFMTV Live and direct at 20.30 CET. http://t.co/CWVRRiI5

A Global Perfect Storm

Updated: 2012-06-15 18:21:42

From Project Syndicate: Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter. For starters, the eurozone crisis is worsening, as the euro remains too strong, [...]

Economist Elena Panaritis is steering a new course

Updated: 2012-06-15 15:22:35

http://www.pappaspost.com/view-news/-/acontent/42772;jsessionid=F3BBCA40D161C7A29CB4C3B99BFA1F78 Elena Panaritis, a Greek institutional economist who has worked at the World Bank, is mobilizing some of the world’s top economic minds to help the government solve Greece’s debt crisis. Panaritis has had her finger on the pulse of what needs fixing ever since she entered politics in Greece, serving as a socialist [...]

Elena Panaritis interview at the Japanese newspaper “The Asahi Shimbun”

Updated: 2012-06-15 15:06:18

Elena Panaritis interview at the Japanese newspaper “The Asahi Shimbun”

"Latvian Competitiveness" by Paul Krugman

Updated: 2012-06-15 07:07:38

As Simon Wren-Lewis says, there’s something about the Latvian experience that causes many people to leave their critical faculties at the immigration desk. I think it’s mainly the fact that austerians need a hero, and Ireland keeps failing to deliver. But whatever. The critical question is whether Latvia offers a real success story for “internal devaluation”. Mark Weisbrot has [...]

Elena Panaritis talk ‘The European Crisis Revisited. Institutions, Politics & Economics’ 14th- 15June 2012 Newnham College, Cambridge

Updated: 2012-06-14 15:45:21

Euro crisis workshop programme Cambridge 14-15 June Final 14June 2012, 17:00 pm Newnham College, Cambridge Jane Harrison room European Research Group, Department of Politics and International Studies (POLIS) University of Cambridge In collaboration with the Departments of Sociology and Development Studies You are cordially invited to attend an international conference on the European financial, economic [...]

Contractionary Fiscal Contraction, Quantified: European Edition

Updated: 2012-06-14 07:03:46

: , : Econbrowser Analysis of current economic conditions and policy Peak oil and price incentives Main Options for Europe June 13, 2012 Contractionary Fiscal Contraction , Quantified : European Edition From Deutsche Bank , Fighting the Clock , Fixed Income May 2012 not online some estimates of changes in structural balances , multipliers , and output : impacts Note : a negative sign under change in structural balance” indicates an increase in the . surplus Note that these are multipliers for composites of transfers , taxes , and spending on goods and services . Multipliers for pure spending on goods and services government consumption would be larger . Just an observation these are not guesses from ivory-tower bound academics , but from business sector economists . A recent IMF working

H συνέντευξη της Έλενας Παναρίτη στο Leksis.net

Updated: 2012-06-12 09:34:25

http://www.leksis.net/Article.aspx?Id=259 10/06/2012 17:06 - Η Έλενα Παναρίτη συζητά με το Leksis.net Μια επιστήμων, που είπε στο κοινοβούλιο τα πράγματα με το όνομά τους ενώ κανείς αλλος δεν τολμούσε για χρόνια.Η πρ. βουλευτής Επικρατείας με το ΠΑ.ΣΟ.Κ κυρία Έλενα Παναρίτη συζητά με το Leksis.net. Στο βιογραφικό σας διαβάζει κανείς για την πλούσια ακαδημαϊκή σας καριέρα σε κορυφαία [...]

Berlin Is Ignoring the Lessons of the 1930s

Updated: 2012-06-11 18:27:54

From the Financial Times (originally published on June 8, 2012): Is it one minute to midnight in Europe? We fear that the German government’s policy of doing “too little too late” risks a repeat of precisely the crisis of the mid-20th century that European integration was designed to avoid. We find it extraordinary that it [...]

The Tragedy of the Common Currency

Updated: 2012-06-11 15:22:48

When too many own something They all own nothing Free riders abound So it is with the Euro No matter how sound. With a license to borrow Borrow they did It wasn’t too hard With a shared credit card. The Greeks now regret Running up so much debt The creators of math Strayed from the [...]

Exclusive: Euro zone discussed capital controls if Greek exits euro: sources

Updated: 2012-06-11 05:16:28

European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro. read more

A Dysfunctional Nation

Updated: 2012-06-09 20:39:00

Sign in Join Home Investor Blogs Global Emerging Markets Stock Research Multimedia Investment News Thoughts From The Frontline A Dysfunctional Nation A Dysfunctional Nation Thoughts From The Frontline Home About Contact Blog Subscription Form Email Notifications Go Syndication RSS for Posts Atom RSS for Comments Frontline Thoughts Audio Don't have time to read the weekly newsletter The audio version of my Frontline Thoughts are now available via Podcast on InvestorsInsight.com . nbsp Consume the feed here Have You Seen This Recent Posts Daddy’s Home The Bang Moment is Here A Dysfunctional Nation First Deflation , Then Inflation . But the Timing Meanwhile , Back at the Ranch Tags China Consumer Spending Credit Crisis Debt Deficit Deflation Economic Forecast Economy Employment Euro Europe

Ο Κωνσταντίνος Καραμανλής και η Κρίση

Updated: 2012-06-09 18:26:00

: Greek Default Watch A blog about Greece's need to create a sustainable economic path for itself and to do so quickly , in difficult circumstances , and under great . pressure Pages Home Greece in Figures Greek Crisis Timeline Q on the Greek Crisis The Big Picture Saturday , June 09, 2012 Ο Κωνσταντίνος Καραμανλής και η Κρίση Αγόρασα πρόσφατα το βιβλίο Ο πολιτικός λόγος του Κωνσταντίνου Καραμανλή» . Διαβάζοντας το , βρήκα αρκετά κομμάτια επίκαιρα για τις μέρες μας . Τα παραθέτω χωρίς σχόλια : 1. Η Δημοκρατία προϋποθέτει ηγεσία που να έχη το θάρρος να λέγη την αλήθεια▪ αλλά και λαό που να έχη το θάρρος να ακούη την αλήθεια και να την τιμά . 23 Οκτ 1977 2. Όλοι οι Έλληνες ζητούν , κανείς δεν θέλει να δώσει . 12 Ιουλ 1949 3. Κατά κανόνα υπόσχονται τα πάντα εκείνοι που δεν έχουν καμμίαν

The Euro Zone Crisis: Political and Economic Perspectives

Updated: 2012-06-07 20:06:15

: : Econbrowser Analysis of current economic conditions and policy Aggregate factors in the price of oil Main Using natural gas June 07, 2012 The Euro Zone Crisis : Political and Economic Perspectives Back in late April , I participated in panel Europe at the Crossroads : The Euro Crisis and the Future of European Integration video There're two graphs from my presentation I'd like to highlight , as they remain relevant even as the eurozone lurches into de facto recession 0 The euro zone was not , and still is not , an optimal currency zone This was known as early as the early 1990's , as highlighted by this table from a 1994 paper by Tamim Bayoumi and Barry Eichengreen The table is of correlations of estimated supply side shocks , obtained using a bivariate SVAR demand side shocks are also

Greece and the Euro: Fifty Ways to Leave Your Lover

Updated: 2012-06-06 18:19:49

The problem is all inside your head she said to me The answer is easy if you take it logically I’d like to help you in your struggle to be free There must be fifty ways to leave your lover. –Lyrics by Paul Simon The Euro appears to be a marriage of incompatible partners. A [...]