Tag Archives: Saving the EURO

Western Democracy 0 versus Asian Values 1

Britain’s vote to leave the European Union is a watershed moment not just for Europe Continue reading

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Next Stop the Republican Primary …. in France!

Tweet Dialogue with the Alter Ego on the Front National, Sarkozy and the next chapter of France’s struggle with the austerity and globalization Question by Alter Ego of Noah denkt™ (AE): The outcome of the recent regional elections in France … Continue reading

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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

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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

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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

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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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