Browsing Tag

internal devaluation

Breakup of the euro?

The creditors know that the game is up. All they can do is take as much as they can, as long as they can, pay themselves bonuses that are “free” from recapture by public prosecutors, and run to their offshore banking centers.

Greece: Last Exit To Nowhere?

If the strongest argument against going back to the Drachma always was that this would imply default, now that default is coming, why not allow Greece to devalue? As Krugman says, the issue isn’t whether Greece would openly decide to exit…

Is There A Eurozone Credit Cycle?

One of the key premises underpinning the establishment of the Euro as a common currency to be shared by a number of individual national states rather than one single nation was the central idea that the several economies of the…

Mauldin: Thinking the Unthinkable

This is the second of a two-part economic forecast by John Mauldin published on 8 Jan and 15 Jan 2011. In this issue: The Fed Adds a Third Mandate A Rational Voice in Dallas Thinking the Unthinkable The Threat of the…

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