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Philipp Bagus
28 June 2011
2 comments

A second aid package to the Greek government hinges on severe austerity measures. Why doesn’t Greece simply default and leave the euro as so many Greek protestors demand on the streets...
Alberto Mingardi
20 June 2011
3 comments

Late last year Philip Booth and I proposed a solution to the euro crisis in an article for the Wall Street Journal. This would not resolve all the problems - indeed one of the purposes of the...
Holger Zemanek
13 May 2011
9 comments

Last week rumours circulated that Greece is considering leaving the eurozone. In addition, representatives of the European Commission and European finance ministers apparently held a secret meeting...
Mark Littlewood
21 April 2011
comments

General elections in Finland rarely secure much coverage across mainstream European media, but the results of – and fallout from – the poll earlier this month deserve detailed...
G. R. Steele
18 April 2011
2 comments

The eurozone came with fine aspirations: according to article 127 in the consolidated version of the Treaty on the Functioning of the European Union ‘the primary objective of the European...
André Azevedo Alves
6 April 2011
comments

As top Portuguese banks give public signals that they will stop buying government debt, pressure is mounting for an immediate plea for external emergency financial support. Nevertheless, the...
G. R. Steele
1 April 2011
1 comment

Ireland is not stupid. When credit is offered, it chooses the lowest rate. Ireland’s ‘bailout’ from the European System of Central Banks (ESCB - the eurosystem) is larger (€...
Richard Wellings
25 March 2011
comments

They were warned. In the late 1990s, eminent economists queued up to explain the flaws in the euro project. Chief among them was Nobel Prize winner Milton Friedman, who in 1999 – the year the...
Philipp Bagus
25 January 2011
comments

Italy, Spain, Belgium and Portugal will need to raise over $800 billion in 2011 to cover roll-over debt and new borrowing. It is unclear if the eurozone will withstand the pressure of bond markets...
Philip Booth
18 January 2011
comments

Back in the 1960s, Ronald Reagan famously said there were no easy answers to the U.S.'s then growing problems, but that there were simple answers. In a way, today's Europe may resemble...
G. R. Steele
10 December 2010
4 comments

Mervyn King has been criticised for crossing a line which separates monetary policy (the Bank’s remit) and fiscal policy (the Treasury’s remit). That line is imaginary: a legacy of...
André Azevedo Alves
7 December 2010
7 comments

After Greece and Ireland, it seems increasingly likely that Portugal may become the third euro-area country to be bailed out by an EU/IMF rescue package. In the past week, the yields on Portuguese (...
D. R. Myddelton
23 November 2010
2 comments

The Irish people voted “No” both to the EU’s Nice Treaty and to the Lisbon Treaty. That is, they voted “No” the first time round. When their arms were twisted, in each...
Holger Zemanek
22 November 2010
9 comments

The Irish bailout shows that Greece was just the first act of the ongoing euro crisis. It is now almost certain that Ireland will accept an EU/IMF rescue package to calm down...
Carlos Santos
1 June 2010
3 comments

The so-called Keynesian consensus that seemed to emerge following Obama’s stimulus package, was a short-lived one. Governments, mainly in the eurozone shatter belt, are dropping the same...
Holger Zemanek
20 May 2010
4 comments

The EU, national governments, academics and media are discussing how to rebuild the shattered EMU stability framework, after the Stability and Growth Pact failed to prevent the current crisis. In...
D. R. Myddelton
18 May 2010
comments

The new Chancellor of the Exchequer’s proposal to set up an independent Office for Budget Responsibility sounds like a good idea. But how sad that government ministers cannot be trusted...
André Azevedo Alves
11 May 2010
6 comments

After years of continuous growth in public spending and public debt, the Portuguese economy finds itself in a bleak situation in the context of the ongoing international crisis. Internal and...
Holger Zemanek
10 May 2010
6 comments

This weekend the EU finance ministers, the EU and the IMF agreed a huge bailout package for the troubled eurozone countries and the single currency. The emergency package comes after...
Malte Tobias Kähler
10 May 2010
4 comments

The Austrian Business Cycle Theory (ABCT), developed largely by Ludwig von Mises and F. A. Hayek, predicted the present crisis and explained its causes in advance. Many commentators aware of...

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