Tag: Europe
-
Next time a German politician moralizes on debt…
In 1953 Germany got a debt writeoff at the London Debt Conference. What was good for them is more than good for its European community colleagues.
-
European Industrial Production 2001-2014 – Not a pretty sight
All data seasonally adjusted, from Eurostat… Not a pretty sight
-
Europe’s InDeflation problems
The FT has today weighed in with the argument that there is a danger of deflation in the Eurozone. And there is. We are at low and declining rates of inflation. Deflation is for a whole bunch of reasons more scary than (mild) inflation. The IMF have warned against it. Olivier Blanchard the IMF chief…
-
Does An Irish Solution loom for European Banks (one way or the other) ?
This is a version of my column in the Irish Examiner of 25 Jan 2014 .Europe’s banks are broken. Very broken. We have always suspected that, but recent evidence in indications suggest that nearly six after the crisis first began to manifest itself seriously they are still grossly impaired. The drive towards meaningful banking union…
-
The Best Little Country In …Which to Be At Risk of Poverty.
after the congratulations of the Forbes report on us being the best little country in the world in which to do business, here are two charts that might make us take pause… Both are from a new ESRI study. They are on relative poverty risk in the EU. It looks at what is called the…
-
Irish Banks : Arrears, Deposits, Bail-in and Interest Rate Editon
This is an edited and extended version of a column in The Irish Examiner 26 October 2013 There is a great book on marketing titled “the long tail” , which stresses that instead of trying to hit millions of customers at once its perhaps better to do millions of niches. Replete with examples it was…
-
The Ten Commandments of Eurozone Membership (for small states)
The quite wonderful Gavin Kostick of Fishamble Theatre has a comment on Irish Economy which is too good to linger there… It's super. And Draghi came down from the mountain with two tablets of stone. (1) Thou shall love the god of the market. Thou shall have no other god before it. (2) Thou…
-
Germany’s Dilemma – Sacrifice Cyprus or Make Sacrifices Itself…
This is an updated and linked version of a column published in The Irish Examiner Saturday 24 March 2013.The deposit tax debacle in Cyprus is rich in historical resonances as well as showing that frankly as Leigh Phillips suggests in the EUobserver Europe is run by the three stooges. Skinning the Cypriots is not new.…
-
Capital Controls in Europe : Past, Present and ?
What capital controls were like – a page from my Dad’s passport. With the passing tonight of capital control legislation we might see this again.