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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 (€...
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...
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...
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...
Oliver Marc Hartwich
5 May 2010
9 comments

After months of agonising discussions, European leaders have agreed on a “solution” for the Greek crisis. Unfortunately, the joint efforts of the EU and the International Monetary Fund...
David Howden
30 April 2010
3 comments

While Greece’s financial issues, both domestic and international, are making any bailout package more difficult in deed than word, the social issues at stake are no less troubling....
David Howden
26 April 2010
3 comments

Talks over what should happen about the Greek debt situation were recently delayed by the impromptu eruption of the Icelandic volcano Eyjafjallajökull. In the meantime, analysts and...
Holger Zemanek
1 April 2010
5 comments

“Borrow as much as you like – the ECB will bail you out” – that was arguably the implicit message of European Central Bank president Jean-Claude Trichet last week...
Holger Zemanek
23 March 2010
3 comments

Just recently, the European Commission set out its proposal for a new economic strategy for Europe, a successor to the failed Lisbon Strategy for Growth and Jobs. Again, the European Commission...
Terry Arthur
16 March 2010
2 comments

The euro is currently under intense scrutiny. Why? Because the reputation of the single currency – originally based largely on that of the Bundesbank for its (relatively) sound money policy...
Kristian Niemietz
5 March 2010
2 comments

In the 1960s, thousands of industrious Greek gastarbeiter came to work in West Germany. Immigration from Greece has been a success story of rapid integration and mutual economic benefit. With little...

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