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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...
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...
Philip Booth
8 June 2012
6 comments

Europe is riddled with bad debt. In some countries, such as Spain, banking systems are in chaos. In other countries, the government has accumulated sufficient debt that it does not even require a...
Juan Ramón Rallo
22 May 2012
13 comments

It is not austerity but the threat of insolvency that is killing peripheral economies such as Spain. Since it has become clear that the European Union is not willing to completely mutualise risks...
Philip Booth
15 February 2012
5 comments

The UK has been put on a credit-rating downgrade watch. This is not surprising, but one wonders whether Moody’s is focusing on the right issues. In particular, Moody’s cited the lack of...
Mark Harrison
7 February 2012
1 comment

Why didn’t Europe's builders stop with the single market? The European single market was a huge achievement. Enacted between 1987 and 1992, it eliminated many physical, technical and...
Philip Booth
20 January 2012
3 comments

Many UK economists are pretty sanguine about euro break-up. Patrick Minford, for example, in the minutes of the Shadow Monetary Policy Committee this month wrote that tales of disaster have little...
Alberto Mingardi
19 December 2011
1 comment

Unfortunately prime minister Mario Monti appears not to have read the insightful comment by Philip Booth, who suggested that ‘a radical programme of economic reform in Italy and elsewhere...
G. R. Steele
23 November 2011
comments

Mainstream macroeconomics presents monetary and fiscal interventions as independent policy options, and this spills over to institutional structures. In the UK, for example, the Bank of England and...
Alberto Mingardi
4 November 2011
comments

The European debt crisis is bringing Italy into uncharted waters. With an over-400 basis point spread between Italian bonds and German bunds, a 1,900 billion euro public debt, and zero growth...
Richard Wellings
27 October 2011
3 comments

European leaders are advocating greater fiscal integration in response to the ongoing euro crisis. Despite their professed euroscepticism, David Cameron and George Osborne have offered their...
Philip Booth
7 October 2011
2 comments

Recession in the eurozone could trigger widespread sovereign defaults The eurozone sovereign debt situation is on a cliff edge. This may sound like a statement of the obvious given the chaos...
Kristian Niemietz
21 September 2011
1 comment

The complete loss of economic common sense in the Eurozone, which we have seen over the past one and a half years, would be less depressing if it had been driven by politicians with an explicitly...
Philip Booth
20 September 2011
comments

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...

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