austerity

The following is the beginning of the Chancellor George Osborne's speech today before the British House of Commons on the 2010 Budget. This emergency Budget deals decisively with our country's record debts. It pays for the past. And it…

Top Links Facing Deficit, Britain Unveils Emergency Budget - NYTimes.com Emergency Budget: George Osborne's austerity package haunted by spectre of 1981 | UK news | The Guardian The Usual Fare The Undeserving Unemployed -…

A post by John Mauldin. "Everyone" is upset with the level of fiscal deficits being run by nearly every developed country. And with much justification. The levels of fiscal deficits are unsustainable and threaten to bring many…

As it seems that we are finally about to get something which resembles a stable summer here in Denmark it may seem strange to suddenly start talking about snowballs. Yet, the idea of debt snowball is very relevant in the current environment…

Topic of the Day - Germany: austerity, social unrest, protectionism and gold bunkers Schwere Krawalle in Berlin: Zehntausende protestieren gegen Sparpaket | FTD.de Krisenanlage: Banken bauen Goldbunker | FTD.de FT Alphaville -…

That was the week that was, it’s over, let it go……. Well I don’t suppose it’s that often that people get the opportunity to enthuse about the International Monetary Fund. Normally you find people like Joseph Stiglitz, or Naomi Klein, who…

What Happened To The GDII Meme? Early in 2009 I caught an article from the Canadian daily National Post about David Rosenberg and wrote up a post about it. Here's what the National Post wrote: Now, he predicts the carnage will…

Hell, it seems, knows no fury like the financial markets being told you are about to become the next Greece. The poor Vice President of the election-winning Fidesz party, Lajos Kosa, had no idea what was in store for him when he calmly…

When was the last time an unsustainable economic situation was solved without a crisis?  Seriously, that's a question. I can't think of one.  The way I see it, politicians are always focused on the short-term and that invariably…

Must-read: Spain and German austerity The World from Berlin: Merkel's Austerity Program Is 'Faint-Hearted and Unbalanced' - SPIEGEL ONLINE - News - International BBC News - German cabinet backs Merkel fiscal austerity plan…