Tag Archives: austerity and growth

The new UK Brexit cabinet looks good, – but for the sake of the world one can only hope it will fail

Tweet Observation on Theresa May’s new UK government After the Brexit earthquake and the tumultuous days and weeks thereafter, Britain is trying to find a new normal in its domestic and foreign policy. Prime Minister David Cameron and his successful … Continue reading

Posted in International Relations, Politics | Tagged , , , , , | Leave a comment

Is there a correlation between suicide rates and austerity in Euroland?

It is not austerity politics but the inadequacy of the Euro for the Greek economy that accounts for the present rise in suicide rates in Greece. Continue reading

Posted in Ethical Capitalism, EURO crisis, Labor Law Reform, Politics | Tagged , , , | Leave a comment

Despite all the unease over austerity politics voters ultimately endorse it

The result of the 2015 regional elections in Italy is in line with that of the recent parliamentary elections in the UK and the regional elections in Spain where voters expressed their frustration over the pain of austerity politics but ultimately endorsed the latter for want of a better alternative Continue reading

Posted in EURO crisis, International Relations, Politics | Tagged , , , | Leave a comment

Another important chapter in the austerity revolution

The UK election of May 7 was first and foremost a national referendum on austerity politics. And in the confinement of their voting booth, voters probably realized that the tough cost cutting of the Cameron government is very likely the more responsible way to deal with the challenges of the future than the tax-and spend-approach that Labour and others were advocating for. Continue reading

Posted in Ethical Capitalism, EURO crisis, International Relations | Tagged , , , , | Leave a comment

How much money has actually flowed from Germany to Greece in the spirit of post-war reconciliation?

The latest Greek reparation claims show that countries such as Greece will never let Germany off the hook for its abominable past, no matter how much money German taxpayers are willing to spend on reparation. Continue reading

Posted in EURO crisis, International Relations, Politics | Tagged , , | Leave a comment

Accept a haircut in turn for a Grexit

The sad truth continues to be that Greece remains far, far away from being competitive enough to afford a Euro currency. Continue reading

Posted in Economics, EURO crisis, Finance, International Relations, Politics | Tagged , , , , | Leave a comment

Turmoil in the currency markets after Switzerland’s decision to distance itself from the EURO

Would people in France and Italy who feel bad about their current situation feel less bad if they had their own local currency back? Continue reading

Posted in EURO crisis, Finance | Tagged , , , , | Leave a comment

Will France eventually leave the Euro project?

The outcome of Sunday’s elections for the European Parliament in France have made it clear that all of France rejects a non-Keynesian economic policy in Europe. In other words, no major force in French politics understands that Keynesian strategies no longer work in a highly integrated marketplace. It, therefore, appears to be by and large inevitable that the next chapter of the Euro currency crisis will start now. Continue reading

Posted in EURO crisis, International Relations | Tagged , , | Leave a comment

Obamacare may not be the main problem, but the lack of structural reform is

The government shutdown in the US is less inspired by the aversion against Obamacare than by the fact that no meaningful structural reform in the US entitlement system has so far been undertaken. Continue reading

Posted in Economics, Finance, Politics | Tagged , , | Leave a comment

What has the University of Michigan done to stop Detroit’s decline?

Shouldn’t a cutting-edge university like Ann Arbor have generated the entrepreneurs that would have averted Detroit’s bankruptcy? Continue reading

Posted in Freedom and Innovation, Politics | Tagged , , , , | Leave a comment