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Browsing Category
Political Economy
Bill Black: To rob a country, own a bank
Update 2010-03-31. Note: I discovered the first video at the UMKC blog, where Black posts. Subsequently, I saw all the videos on YouTube where you can rate them and add to the buzz.
From A Greek Debt Crisis To A Eurozone Structural One?
When we look back five years from now, will we see this week as marking a turning point in the short, but far from uneventful, ten year history of Europe’s common currency? Certainly recent comments by the deputy governor of the People's…
Europe puts the loaded gun on the table but no bailout
The deal which European leaders have now struck is the best we could have hoped for given the political constraints for everyone involved. The 16 countries in the eurozone have agreed to a contingent aid package of loans and IMF assistance…
Figaro: France will accept the IMF for Greek bailout
A leading French daily is now reporting that the French are moving toward the German position on the Greek sovereign debt crisis. France may be willing to accept a role for the IMF, if it comes to this. The change in position comes a day…
Germany: First the penalties, then the European Monetary Fund
Germany's finance minister Wolfgang Schäuble wants to save the euro but he doesn't seem to be very flexible about his negotiating tactics. He says Germany will support Greece if default is imminent, but they will receive nothing until then.…
Why Not Unravel The IMF Too While We’re At It?
If you’re really good at making a pigs ear of things, why not join the EU? Of course, this is not meant as a piece of solid advice, rather it is a cry of frustration at being impotently forced to watch so many things done so badly, each in…
The Eurozone is unworkable in its present state
I am highlighting this March 2010 post because it best represents my view on the structural changes needed in the euro-zone. I suggest setting up a pre-funded European Harmonisation Fund that can get fiscal policy harmonised and help to…
Anticipating Eurozone collapse
The Germans are pressing a hard line on all fronts of the sovereign debt crisis in Europe – not only with austerity measures for Greece but for a planned European Monetary Fund (EMF) as well. The most critical part of the German negotiating…
Currency battle begins
I recorded the video segment below on on RT America on Wednesday night (Notice my green tie for St. Patrick's Day!). The overall gist of the clip was that the currency battle now brewing between China and the U.S. is mostly a political…
Roach: I think we should take the baseball bat out on Paul Krugman
Notable quotes in this 5 minute segment: "They don’t want to look in the mirror. America doesn’t have a China problem. It really has a savings problem. America has the biggest shortfall of national savings of any leading country in…