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Christopher Snowdon
8 March 2013
4 comments

  Last year, the IEA published Sock Puppets, a report that examined the British government’s extensive funding of charities and pressure groups. This week sees the publication of Euro...
G. R. Steele
13 February 2013
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  Little more than three years ago, Ireland’s taxpayers were saddled with around 40 billion euros of debt, after their government had been pushed by the European Central Bank into...
Roland Vaubel
13 December 2012
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Wolfgang Schäuble, the German finance minister, recently said that “we can only achieve political union if we have a crisis”. His idea is to exploit the Eurozone’s sovereign...
Philip Booth
28 November 2012
1 comment

Another bailout deal has been secured for Greece. Some of the country’s borrowing will be written off – it will be left with a debt to GDP ratio of 'only' 125 per cent. But is...
Kristian Niemietz
26 November 2012
3 comments

I suspect this hypothetical dialogue will look vaguely familiar to many readers: Europhile:        ‘The global economy of the future will be dominated by...
Philip Booth
16 November 2012
3 comments

The eurozone is in recession. This is no surprise. Neither is it surprising that the south is struggling much more than the north. Keynesians are responding with a chorus of voices arguing that...
Philip Booth
26 October 2012
1 comment

  When the euro was formed, the economic debate was marked by a paradox. Liberal economists on the continent were enthusiastic – they believed the euro’s adoption would force...
Kristian Niemietz
8 October 2012
1 comment

  It was utterly predictable that Germany’s political class would (ab)use the festivities of Unification Day to construct some bizarre justification for more Eurozone bailouts, and a...
Juan Ramón Rallo
4 October 2012
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  It has been a huge surprise that, according to a recent analysis (pdf) conducted by consulting firm Oliver Wyman, Spanish banks only need a relatively small public capital injection...
Eduardo Belgrano
17 September 2012
2 comments

  We are so accustomed to our present currency system that it is difficult to imagine a system of more than one currency circulating side by side. However such a monetary system has existed...
Juan Ramón Rallo
14 September 2012
1 comment

  Living on debt is a Western disease which has been fuelled by the universalisation of inconvertible paper money. Obviously, Spain has not been immune, as anyone can clearly check by...
Michael Klein
17 August 2012
5 comments

Although once intended to improve market efficiency and the free flow of goods within the Single European Market, harmonisation has become not only the European Commission’s prime weapon for...
André Azevedo Alves
15 August 2012
2 comments

About a year ago, I wrote that although the focus (at the time) was on Portugal, the viability of the euro would largely depend on what happened with Spain. At the time, the warning signals...
Juan Ramón Rallo
13 August 2012
2 comments

Madrid's persistent pressure for the European Central Bank (ECB) to monetise part of its debt is necessarily a self-defeating strategy. Once the Spanish government recognises that it is unable...
G. R. Steele
10 August 2012
1 comment

If ever you see a €100 banknote in the gutter, don’t bother to stop. If it were real, someone would already have picked it up. The same is true of a ruse to save the euro. Writing in the...
Michael Jeffers
6 August 2012
1 comment

In the United Kingdom, we are in a unique position to watch the chaos of the crumbling eurozone.  Media outlets are filled with daily stories of credit downgrades, hundred billion euro...
Holger Zemanek
26 June 2012
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Political instability in Greece and a further worsening of the banking crisis in Spain recently sparked a new wave of the European debt crisis. The possibility of Greece leaving the eurozone...
Vuk Vukovic
18 June 2012
1 comment

As its crisis continues, more and more people are calling for Greece to follow the Argentine 2001 example and devalue its currency. This would imply leaving the euro and returning to...
Philip Booth
15 June 2012
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There has long been support for the EU project in the Vatican but, as ever in these matters, we have to ask whether governments and supra-national organisations remain the servants of the people or...
Juan Ramón Rallo
12 June 2012
2 comments

Although the Spanish government refuses to tell the truth to the citizenry, both the government and the banks have clearly been bailed out by the Eurogroup. Spain’s financial entities,...