Tag Archives: EZ

MMT-based analysis and policy advice. Short.Splice TodayBulgaria and the Euro — How Mosler Bonds could help.Serban V.C. Enache

Assumes that keeping the euro is a given and proposes a fix. econoblog 101The Euro – Evolution and Prospects (2001/2018)Dirk Ehnts | Lecturer at Bard College Berlin

When the latest Greek bailout deal between the Greek government and the European Commission/IMF) was concluded on June 16, 2017, I concluded that it was designed to fail. Please read my blog – Latest Greek bailout – a recipe designed to fail. Despite all the statements from the European Commission and the IMF to the contrary, the terms of the deal with the Greek government confirms that these institutions had abandoned any pretense to being interested in serious economic policy. For the...

Germany’s domination of the EMU is clear both in political and economic terms. The current political impasse within Germany will not change that. Once resolved the on-going government will continue in the same vein – running excessive fiscal surpluses and huge external surpluses. It can sustain those positions because it dominates European policy and can force the adjustment to these overall ‘unsustainable’ positions onto both its own citizens (lowering their material living standards),...

Here are links to the full series of The EMU Reform RuseBill Mitchell – billy blogThe EMU reform ruse – Part 1 The EMU reform ruse – Part 2 The EMU reform ruse – Part 3 The EMU reform ruse – Part 4 and Final Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

For Germany, the idea of Europeanism has provided the country’s elites with the perfect alibi to conceal their hegemonic project behind the ideological veil of 'European integration'. What Germany could not do militarily, it is managing economically.Open DemocracyGermany’s dystopian plans for Europe: from fantasy to reality? Thomas Fazi Thomas Fazi is the co-author (with William Mitchell) of Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto,...

On October 31, 2017, my blog – Europhile Left deluded if it thinks reform process will produce functional outcomes – countered some of the nonsense coming out of Europe (from the so-called progressive side) that the Eurozone hadn’t failed when judged by it bias towards mass unemployment and increasing precariousness of its citizens. I particularly noted the terrible record in terms of youth unemployment and NEETs. Yesterday’s blog – Massive Eurozone infrastructure deficit requires urgent...

The latest – EIB Investment Report 2017/2018 – published last week by the European Investment Bank tells anyone who cares to take those Europhile Rose Coloured Glasses off for just a second how deep the failure of the European policy making structures are and how long the negative impacts of those failures will resonate. This is the true ‘burden for our (their) grand kids’ sort of stuff. In claiming they had to run tight fiscal policy biased towards surpluses to avoid forcing the future...

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...

Greece will be in a “non-functional condition” until 2020, predicts the advisor to the Turkish President Recep Tayyip Erdoğan Yiğit Bulut, who characterizes the Prime Minister Alexis Tsipras as a “tool of the imperialists”. Speaking on the state television programme “Deep Analysis” he gave the example of Greece to show the consequences of imperialism for global political developments.”They sold off everything. The banks have passed into the hands of the Germans. They have been left with...