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Philip Booth
20 September 2011
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There is much discussion about how to deal with the indebtedness of eurozone countries. Economic analysis is not straightforward, of course. We always have to be aware of the "...
Nick Hayns
14 September 2011
3 comments

Writing an article on the fate of the eurozone in recent times has been something of a fool's errand. No sooner has the ink dried on the page, or the printer whirred into life, than a news...
D. R. Myddelton
9 August 2011
5 comments

It is in times like these that one appreciates the advice the Irishman gave the tourist seeking directions: ‘If I were you, I wouldn’t start from here.’  In recent days...
André Azevedo Alves
29 July 2011
1 comment

The severity of the current Portuguese crisis results from a mixture of internal and external factors. After an initial boost in the second half of the 1980s fuelled by EU membership and some...
Kristian Niemietz
4 July 2011
2 comments

A man comes in to his regular delicatessen shop and blurts out at the owner, ‘You need to help me out! The bank is cutting my credit line, just as a big instalment to my other bank comes due...
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
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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
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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 (€...
Philipp Bagus
25 January 2011
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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...
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 (...
Holger Zemanek
12 August 2010
4 comments

This week the European Union’s Budget Commissioner, Janusz Lewandowski, again raised the issue of EU taxes. Some may argue it was just a political manoeuvre to fill the newspapers during the...
Kate Antrobus
21 July 2010
22 comments

The case for abolishing agricultural subsidies on the grounds that they are unjust and hugely damaging to developing countries is well documented. One can also make the case in environmental terms,...
Laurence Copeland
24 May 2010
2 comments

You might have thought that, with the Eurozone in turmoil, the EU would have no time to pursue its vendetta against hedge funds. Far from it, the latest proposals are even more wide-ranging than...
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...
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...