eurozone periphery

Last week, I wrote how the Labour Party in the Netherlands suffered a historic defeat in parliamentary elections because voters questioned their priorities - and how this is emblematic of Western social democratic parties everywhere. And as…

While most analysts have been focused on credit growth which has re-emerged after the sovereign debt crisis, cross border inter-bank lending has decreased, fragmenting the euro zone along national lines. In a crisis scenario, one should…

Although the euro is now headed up after it overshot to the downside, I believe the European recovery has legs and will continue indefinitely as long as a calamity in Greece doesn’t pull Europe down.

I want to riff off a David Beckworth post in thinking about the problem in Europe and extend the discussion with some comments on the meltdown in Greece. The gist of what I intend to say is that the eurozone, as constructed, can never work…

Finally, Greece is off the table as the big topic. So I have a few topics I want to cover and am going to put them altogether below. Let’s start with the U.S.

Ever the optimist, I ended yesterday’s post writing that a deal remains the base case outcome. But unfortunately, this does not mean a deal gets done. And so we should look again at what could happen if no deal gets done. My sense is that…

About four weeks ago, I wrote a post on Greek eurozone exit scenarios. While I believe that Greece will eventually exit the euro zone, I think it is premature to expect this to occur now as there are many avenues for compromise. The…

I have long warned that the euro crisis was going to return. But recently my concern was more concrete i.e. that the renewed recession fears in Europe would force a decoupling between the periphery and the core in the Eurozone. This seems…

What southern Europe needs is a revolution in the mindset and more “better quality” stuff, and no amount of blaming Germany for the situation can get over that. The extractive networks who hold back growth need reforming out of existence.…

Before I get into the details today, I want to note that going forward, I may not have the bandwidth to be able to post on a daily basis. I am going to try. But there are definitely going to be weekdays going forward where I won’t be able…