Tag Archives: EU

This new working paper attempts to address some of the main problems of the European Union today. The main thesis is that the Weltanschauung and the economic narrative on which the European project has been based have changed radically since the inception of the European Project, from one conducive to convergence and cohesion to another which is conducive to divergence and, in the last instance – I shall argue – to a form of internal colonialism towards the economic periphery. The field of...

Severe smackdown.Flassbeck EconomicsThank god, it’s over. Eight years of Wolfgang Schäuble Heiner Flassbeck

For years now within Germany’s policy circles, there have been many who have pushed for an ‘expulsion’ or ‘voluntary exit’ mechanism for the Eurozone. I am now hearing this position advocated by FDP head Christian Lindner, a potential finance minister in the new German governing coalition. I believe this affects Italy the most and sets up an existential crisis down the line for the EU.... The upshot here is two-fold. First, in a crisis situation, a politically independent hardline German...

Fascist Franco may have been dead for more than four decades, but Spain is still encumbered with his dictatorial corpse. A new paradigm has been coined right inside the lofty European Union, self-described home/patronizing dispenser of human rights to lesser regions across the planet: “In the name of democracy, refrain from voting, or else.” Call it democracy nano-Franco style. Nano-Franco is Spanish Prime Minister Mariano Rajoy, whose heroic shock troops were redeployed from a serious...

Link to web application written in R using Godley ratios.The Case for Concerted ActionUnsustainable Processes Of The EUV. Ramanan

Under Donald Trump's leadership, the U.S. is in the process of forfeiting its position of economic supremacy. An internal EU document shows that the Europeans are worried. Translation: Germany is worried about its trade surplus.Spiegel OnlineA Shrinking Giant: EU Worries Grow over U.S. Economic Chaos Christian Reiermann

Delusional article of the day.As China becomes a hegemon and the US pursues a short-sighted and largely undefined 'America First' policy, Europe must tend the flame of values-based policy and the rule of law. This person is complete out of touch with what is happening in Europe.Asia TimesWho will stand up, against China, for rules-based order?Ana Palacio, a former Spanish foreign minister and former Senior Vice President of the World Bank, member of the Spanish Council of State, and a...

The EU has laid out its negotiating strategy for Brexit. Well, not officially yet, of course - the letter triggering Article 50 won't be delivered until tomorrow, 29th March. But as is its wont, it has made its intentions clear in the press.In an op-ed in the FT, Michel Barnier, the EU's chief negotiator, has stated in no uncertain terms how he expects the negotiations to proceed. He identifies three crucial issues that must be resolved before there can be any discussion of future trading...

"No deal for Britain is better than a bad deal", says Theresa May. Her Brexit sidekick David Davis appeals to MPs not to "tie her hands". And that master of flannel, trade secretary Liam Fox, says that leaving without a deal would be "not just bad for the UK, it's bad for Europe as a whole".These three statements sum up the hopes of the Brexiteers. The idea seems to be that if the UK adopts a really strong stance in its forthcoming negotiations with the EU, the Europeans will be so...

By William K. BlackJanuary 30, 2017     Bloomington, MN The troika refers to the European Union (EU), European Central Bank (ECB), and the International Monetary Fund (IMF).  The IMF, traditionally, was the greatest proponent of any international entity of inflicting extreme austerity on nations suffering economic crises.  The IMF’s economists have increasingly reviewed the evidence and concluded that austerity reduces growth and that putting nations into inescapable debt traps is...