Eurozone Crisis

Articles on the eurozone crisis.

The Paucity of Growth

The Paucity of Growth

Europe is about to begin its "Audacity of Hope" moment.…

Why shorting Spanish and Italian Bonds is the Right Trade

Why shorting Spanish and Italian Bonds is the Right Trade

I continue to believe that longer dated Spanish and Italian bonds are poised for a significant sell-off.…

Growth versus austerity in euroland

Growth versus austerity in euroland

The question is not whether to give priority to fiscal austerity or economic growth but to find the optimal degree of austerity and structural reforms for the maximisation of confidence.…

Austerity Fires Voter Vengeance Against Euro

Austerity Fires Voter Vengeance Against Euro

Increasingly, the future of the euro appears to be influenced not just by debt default, but also by the politics of bailouts and austerity.…

[VIDEO] The Case for a European New Deal

[VIDEO] The Case for a European New Deal

Interview with CNN's Christian Amanpour on the the theme of Europe’s slow suicide by inane austerity.…

EU bank funding eases but risks remain

EU bank funding eases but risks remain

The ECB’s two LTROs had vastly lifted market sentiment and made refinancing at reasonable rates possible again for EU banks.…

Spanish Flu May Send EU to Bed

Spanish Flu May Send EU to Bed

The implications of the present situation in Spain could be more far reaching than is currently anticipated and the contagion it represents could lead to a fundamental change in the world's monetary order.…

Why the Buba wants to exit

Why the Buba wants to exit

The ECB’s non-standard monetary policy measures were taken to deal with problems in the financial sector and not to extend monetary policy easing beyond interest rate cuts.…

The ability to achieve political reforms in the eurozone

The ability to achieve political reforms in the eurozone

The high levels of debt and the lack of competitiveness in some southern European states are partly due to inefficient structures of government operation and public administration. Structural improvements in these areas are essential for political reforms and economic stability. Temporary “technocratic” governments in some countries could represent an intermediate stage. The principle which should apply is that it is not necessarily less state intervention that helps to solve problems but more efficient administrative structures. Europe can only remain united in diversity in the long term if the ability to achieve political reforms is guaranteed.…

Greek Creditors Don’t Get the Courtesy of a Reach-Around

Greek Creditors Don’t Get the Courtesy of a Reach-Around

Only in Greece, can you wipe out €100 billion of debt, and have the new debt that replaces it trade at 20% of face value...…

MMT as an ECB Alternative

MMT as an ECB Alternative

2,181 Italians pack a Sports Arena to learn Modern Monetary Theory…

«The EU is proving that it works for private banks, but not for its citizens»

«The EU is proving that it works for private banks, but not for its citizens»

The Greek crisis is being used to find out how far finance can drive down wages and privatize the public sector.…

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