Archive for the ‘europe’ Category

When Does Greece Leave The Euro Behind?

A couple of weeks ago I wrote a piece about Marine Pen Le Pen’s surge in French politics and her intent to unlink France from the Euro. The point was that Ms. Le Pen may or may not be the first to divorce the Euro but that someone in some EU country was going to [...]

Share

Taking France Out Of The Euro

If you want to see what utter failure among a group of developed countries looks like, take a look at these series of charts from Eurostat.  It’s a compilation of the unemployment situation in the EU. I won’t put up the whole series but here are a couple that pretty much sum up the disaster [...]

Share

Is Greece Coming Back?

There is a chance that Greece may have possibly, hopefully, cross your fingers passed through the worst of its nightmare. From the FT  The new mood is bolstered by positive signals in official economic statistics. Latest figures suggest Greece is on track for modest growth of 0.6 per cent next year after a six-year recession that [...]

Share

The Greek Solution

In case you missed it, the Euros pretty much executed the mother of all can kickings today as they rolled out their latest scheme to solve the Greek debt debacle. Basically the Greeks were told by the powers that be not to worry about repaying any debt for the foreseeable future and they would also [...]

Share

The End Game In Europe

Tyler Cowen commenting on the failed German bond auction offered perhaps the most succinct analysis of the dilemma facing Europe: Maybe these markets simply will shut down soon.  There is so much talk about what the Germans should do, but I don’t see the viable options.  With Germany’s own credit status now in doubt, eighty [...]

Share

IMF Chief Throws EU Banks Under The Bus

I thought we got this under control a couple of years ago: Sounding a stark warning to stronger European countries such as Britain and Germany, the new IMF chief (Christine Lagarde) said: “We could easily see the further spread of economic weakness to core countries, or even a debilitating liquidity crisis.” To reduce these risks, [...]

Share

Greece: Deferring Resolution

If you want a good synopsis of the Greek bailout plan, read Felix’s post. If you want some quick analysis, try Tyler Cowen. From the early days of the subprime meltdown we have heard over and over again that the solution to what ails us is deleveraging. From the early days, the preferred solution of [...]

Share