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 […]
Archive for the ‘europe’ Category
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Taking France Out Of The Euro
Posted by Tom Lindmark on July 2nd, 2013
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 […]
Is Greece Coming Back?
Posted by Tom Lindmark on May 28th, 2013
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 […]
The Greek Solution
Posted by Tom Lindmark on November 27th, 2012
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 […]
The End Game In Europe
Posted by Tom Lindmark on November 26th, 2011
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 […]
IMF Chief Throws EU Banks Under The Bus
Posted by Tom Lindmark on August 28th, 2011
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, […]
Greece: Deferring Resolution
Posted by Tom Lindmark on July 21st, 2011
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 […]
