European breakup

The theme I highlighted in the daily post on Friday seems to be everywhere today, namely the United States of Europe and Britain's inability to go along with such a concept. Angela Merkel keeps telling us she wants "more Europe". And of…

Early today, I wrote a fairly upbeat piece on the European sovereign debt crisis for gold members. The overall gist here is that fiscal union is now coming. And while it remains to be seen who will be a part of that union, the implication…

This is probably one of the most upbeat posts I have written on Europe in quite a while. Originally, I intended to write this post as a short blurb discussing Angela Merkel's recent European proposals but there are a few loose threads I…

The following is an excerpt of an article written exactly twenty years ago on 8 October 1992 by the late Wynne Godley, a British economist, who predicted disaster for Europe’s planned single currency. This is the single most cogent and…

By Marshall Auerback The real weak link now in the Eurozone is Spain, where the data is a disaster. It is Greece writ large. And this is before Madrid, under Prime Minister Mariano Rajoy, has submitted to a new ECB program of agreed…

By Paul De Grauwe, Professor of international economics, London School of Economics, and former member of the Belgian parliament and Yuemei Ji, Economist, LICOS, University of Leuven This post was first published at VoxEU Germany’s large…

By Marshall Auerback There appears to be an emerging consensus that the euro will survive, especially now that Mario Draghi has apparently grasped the nettle and persuaded his colleagues that the ECB is prepared to initiate unlimited…

Last year I predicted that the route that Europe would go would be fiscal integration coupled with explicit mechanisms for allowing an exit from the euro zone. For example, in November during the Italian crisis I wrote: I continue to…

A while ago I posted a translation of Joerg Asmussen's Frankfurter Rundschau interview and my interpretation of his commentary. Here is the rest of the translation and some commentary. There are to be bond purchases once more. What makes…

A study of European banks by the consultancy Price Waterhouse Coopers is making the rounds in the German-language press. I haven't seen the study itself but it is communicated by PwC in Frankfurt earlier today. Hence the interest in…