Tag Archives: EURO crisis

Will Germany keep its cool in the Public Relation Battle with Greece?

It is entirely possible that Germany will eventually lose the level-headed poise which it manages to maintain up until now in the diplomatic standoff with Greece over that country’s wartime reparation demands . Continue reading

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It can’t get any worse than this!

It is true that Mr. Hollande’s leadership is wanting. But you have to give him credit for being less socialist now than when he came to office. Continue reading

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This is outrageous!

It is completely mistaken to use the Cyprus savings account tax as a blueprint for future bank rescues. All this happens because the European Union erroneously subscribes to the common wisdom that it was wrong to let Lehman Bros go bust and that every bank should instead be rescued in order to avoid a systemic risk for the entire financial system.
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Bad Boy Germany, yet again!

Germany’s international image has received yet another severe blow in connection with Cyprus rescue package Continue reading

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Does Latvia’s austerity success serve as a test case for EURO-style debt consolidation?

Latvia’s success with austerity proves that the success of fiscal consolidation programs depends much rather on national consensus and common interest than on some obscure law of economic nature as Keynesian commentators would have us believe. Continue reading

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We cannot return to the innocent Citroën 2CV world of late

The argument that Southern European countries need to exit the EURO in order to regain the capacity to devaluate their currency if economic reality dictates so is flawed. After all, it is really hard to imagine that people anywhere could go back to the old Citroën 2CV days of late. Continue reading

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The EURO rescue effort and the Italian election result

We were expecting that sooner or later something would come up that would challenge the solidity of the Euro rescue effort. We didn’t foresee however that it would be Italy that would cause the subject stir. Continue reading

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Just another form of Protectionism

Britain’s separatism in Europe is mistaken because our world has become so interconnected that it doesn’t even make sense to be protectionist about your own free-market convictions. Continue reading

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The manageable risks of the European Banking Union

The risks that are attached with the introduction if the European Banking Union are manageable as long as all parties concerned, i.e. the European public, the European governments, banks and the ECB itself, are aware of them. Continue reading

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Quo vadis France?

The Copé – Fillon leadership battle is indicative of a deeper crisis that is looming in France’s center right politics. Continue reading

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