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Ambrose Evans-Pritchard likens current Eurocrisis policy to the failed...
Here. Evans-Pritchard has always been quite a critic of the Euro-project, but in this last post he very succinctly points out what are the problems: 1. Contractionary policy is contractionary,...
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‘The Broken Euro’
From Coppola Comment. I am not being dramatic. The above is a description of the effects of the capital control bill forced through the Cypriot parliament this weekend. From Tuesday, Cyprus becomes a...
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Europe’s Political Stress Tests by Jan-Werner Mueller – Project Syndicate
http://www.project-syndicate.org/commentary/the-political-and-social-consequences-of-austerity-in-europe-by-jan-werner-mueller There are useful thoughts here. But these ideas are only peripheral to the...
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Fed Watch: When Can We All Admit the Euro is an Economic Failure?
http://feedproxy.google.com/~r/EconomistsView/~3/n08o-9R7by8/fed-watch-when-can-we-all-admit-the-euro-is-an-economic-failure.html Yes, when?
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Suomen kilpailukyky, Eurokriisi, Palkkataso ja muita myyttejä Euroalueesta
Tässä pidemmässä kirjoituksessa haluan kerrata jotain keskeisiä tieteellisiä löytöjä ja myyttejä tämän hetken eurokriisistä. Nojaan kovasti näihin ajatuksiin: 1) Euro on niin kuin kultastandardi, joten...
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Finnish and Catalonian similar thoughts on the Eurocrisis – to some extent
Via Ambrose Evans-Pritchard: If the countries of the periphery were on a gold standard, they would have already been forced out of it. The euro-induced depression is a breeding ground for populism,...
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Dutch debt and the future of Germany’s little brother
Ambrose Pritchard-Evans discusses the state of the Dutch economy here. As usual, other people with more experience are able to write about the same issues much more concisely than I can. But there are...
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It’s Domestic Demand, Stupid!
There are many ways to communicate fairly difficult issues. The case against austerity is one; again and again the ‘families tighten their belt thus also the state must do so’-argument comes up. This...
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“Mad Latvia defies its own people to join the euro”
“Mad Latvia defies its own people to join the euro – Telegraph Blogs” http://feedly.com/k/1alCAwJ
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Finland: Competitiveness, wage moderation and the Eurocrisis
Currently I am reading this, and it strings together a lot of issues I have been thinking about lately. A quote (p. 16): “In economies with an export share of GDP far below 50% wage moderation...
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“Yanis Varoufakis: Why Asymmetrical Monetary Unions Are Bound to Fail”
'Following a financial crisis, the debt dynamics of the weaker member of an asymmetrical monetary union, in combination with the logic of oligopoly market power in its stronger partner, ensure that the...
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Miksi STX Rauman sulkemisen takana on EU ja Saksan talouspolitiikka
Suomi on ollut noin vuonna 1960-1980 luvulla yksi niitä maita, kuten myös Ruotsi, jotka harrastivat kovasti ns. ‘State-sponsored capitalism’, eli että vähintään valtiolla auttoi takaamaan lainoja tai...
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“Merkel’s Victory, Everyone’s Loss: The Burden Of German Mercantilism On Europe”
“Merkel’s Victory, Everyone’s Loss: The Burden Of German Mercantilism On Europe”
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“Downgraded Netherlands is another victim of EMU money mess”
“Downgraded Netherlands is another victim of EMU money mess – Telegraph Blogs” http://feedly.com/k/1hnvGcJ Of course Ambrose Evans-Pritchard makes the big points about the Dutch downgrade much better...
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‘Single banking union doomed to fail’
‘Single banking union doomed to fail’ ‘The discussions to date about the latter [common banking system] tell me that the political masters in Europe heavily controlled by Germany are making the same...
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Keskustelu Eurosta on tärkeää Suomessa
Hyvä aloituspaikka on tässä: Eurostako hyötyä Suomelle? Tämän keskustelun olisi pitänyt tapahtua ENNEN kuin Suomi liittyi Euroon, mutta se on vaikea keskustelu ja siihen kansanäänestys ei ainakaan sovi...
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Things you should know about the handling of the Eurocrisis
Ambrose Evans-Pritchard summarizes a three-part series in the Financial Times on the big moments of crisis in the EMU. The series is a long read, but it gives you a very good overview how incapable and...
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Commissioner Laszlo Andór gets it
Commissioner Laszlo Andór gets it Criticism of the EMU and the current policies designed to hide the fact that EMU doesn’t work have gained a friend in a high place. The Commissioner of Labour and...
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“Mad Latvia defies its own people to join the euro”
“Mad Latvia defies its own people to join the euro – Telegraph Blogs” http://feedly.com/k/1alCAwJ
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“Yanis Varoufakis: Why Asymmetrical Monetary Unions Are Bound to Fail”
'Following a financial crisis, the debt dynamics of the weaker member of an asymmetrical monetary union, in combination with the logic of oligopoly market power in its stronger partner, ensure that the...
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