Tag Archives: EZ

Fifteen years ago, Swedish citizens were asked if they wanted to join the eurozone. Of the more than 80 % of registered voters participating in the referendum close to 57 % said NO. Yours truly — unlike the ‘usual suspects’ among establishment economists — participated​ actively in the fight against the euro — and it’s still something I’m immensely proud of.... Lars P. Syll’s BlogMy finest hourLars P. Syll | Professor, Malmo University

Germans will be Germans, it seems — fiscally conservative.Bill Mitchell – billy blogForget European reform – the Germans have anywayBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Some excellent quotes. The Case for Concerted Action Anthony Thirlwall’s Predictions About The Fate Of The Euro Area From The Year 2000 V. Ramananee alsoAlsoRepublic StandardThe Future of Europe Is Civil War Ash Sharp

Today, I have a lot of travelling coming up. So time is tight. Regular readers will know my views on the Eurozone. I have held those views since the late 1980s when I was a young lecturer. Nothing has changed to change my opinion. It is an unmitigated disaster. And, in the face of all evidence to the contrary, the Europhiles on the Left and the Right continue to put out propaganda trying to defend their monstrosity. Here is a selection of the latest input from the elites on how the EU is...

On March 13, 2018, the OECD released its latest Economic Outlook with accompanying “Interim projections” as at March 2018) suggesting that the current growth phase will continue through to next year as consumer and business confidence improves and translates in higher investment rates. The OECD, however, forecasts that growth in the Eurozone will decline over the next two years. The major Eurozone nations (France, Germany and Italy) are not witnessing the growing investment expenditure. The...

After the Italian elections and Trump’s commercial antics one might well feel depressed and be tempted to use Europe to play the same silly game of introverted assertion of identity – strengthening immigration laws and ramping up protectionist measures. In so doing, we would be forgetting two key points. One: contrary to what we sometimes hear, the rise of European populism is not explained by any flood of immigrants. The truth is that the number of migrants entering the UE was much higher...

I have now escaped the near-Arctic chill and back to warmer climes for a little while. While I was in Finland though, the Finnish news media was agape over the – Joint Statement – released by 8 Finance Ministers from the smaller Northern EU Member States (March 6, 2018). The statement released by the finance ministers of Finland, Denmark, Estonia, Ireland, Latvia, Lithuania, the Netherlands and Sweden aired their views on how the Eurozone (EMU) might develop. Nobody should be under any...

The European Central Bank has dropped its long-standing pledge to boost stimulus if conditions deteriorate, signalling the triumph of German-led hawks and marking a major turning point in the eurozone’s monetary regime. The approaching end to the QE-era pulls away the protective shield for Italy and the high-debt Latin states, and for thousands of “zombie companies” kept afloat on monetary life-support. Italy is the lynchpin of the euro. If Italy fails, the EZ fails. Stay tuned.The...

Pertinent Wynne Godley quote. (The headline quote is Macron.)econoblog 101“Those who love Europe should be able to criticize Europe”Dirk Ehnts | Lecturer at Bard College Berlin

Taken from a short interview with Greece’s Banking News.  Q. According to the IMF, Greece’s debt isn’t manageable in the long-run without being either extended or forgiven. Where do you stand towards this claim? How important is the Greek debt relief? Michael Hudson — On Finance, Real Estate, and the Powers of NeoliberalismGreek debt updateMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research...