austerity

The lead article in today's links is from Seumas Milne in the Guardian on George Osborne's failure to deliver on his promises as UK Chancellor of the Exchequer. If you recall, the platform that Osborne championed was one of voluntary cuts…

Note: I missed a few articles here, so I may be updating this post with them later today. Or I may put them in the next daily links post As I said last year about the Troika's coming occupation of the periphery, none of these countries is…

Tim Duy has an interesting piece out that dovetails with something I had been saying in the comments here just yesterday. It has to do with austerity as an economic policy response in this post-crisis world. According to Bloomberg News,…

Some maintain that Italy and Spain risk losing market access for their sovereign bonds despite drops in yields. A recent Vox column by Francesco Giavazzi suggested that Italy could and should avoid a bailout. This column argues that in…

Simply cutting the deficit back and cleaning up bank balance sheets won’t get the economy back to growth. Indeed this habit of continually getting behind the curve, and trying vainly now that the economy is spiralling almost out of control…

I think it goes without saying that the problems for Spanish and Italian regional governments are due to the austerity-induced double dip recession those economies are suffering. The real insight here is that this municipal - double dip…

Today, Spanish newspapers confirmed that a number of regional governments on the verge of bankruptcy must follow Spanish banks in requesting aid from the central government. However, with Spanish central government itself facing record euro…

Just when you think that things can get no worse in Spain, they do.

We now know that Spain has received a standard bailout package like Greece, Portugal and Ireland before it despite attempts by the Spanish government to dress this bailout up as something different. Below is a quick analysis of just what…

I was on RT's Capital Account on Monday afternoon, talking about the euro crisis yet again. The video is below but I have a few comments before you watch it. In the video, I say Europe can continue dithering for quite a while. There is…