Category Archives: economy

Your read for the day

From the Wall Street Journal: How ECB Chief Outflanked German Foe in Fight for Euro – A 2500 word epic saga about how Super-Mario f..screwed over Jens Weidmann and turned the ECB from a Germanic type institution into a … Continue reading

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Your Sunday read

I just finished reading the most depressing paper I’ve read in years. Via ZeroHedge I discovered “Trade-Off”: A Study In Global Systemic Collapse (pdf) by David Korowicz. In the paper Korowicz develops an argument that the increasing complexity and interdependence … Continue reading

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This is what is happening

Just as ZeroHedge says: Forget the complicated flowcharts, scenarios, and government-banking-system reacharounds, the global economic collapse has never been so easy to comprehend… This is what is happening in Europe, the West and the world. Can’t get it any clearer … Continue reading

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This week saw the ruling in the case brought by Geert Wilders against the state (see here and here for a flashback). Arguments were heard on Tuesday. The ruling was issued yesterday. It all went down predictable paths, with a … Continue reading

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If you have an hour and a half to spare, watch this: Catastroika The documentary uncovers the forthcoming results of the current sell-off of the Greek public assets, demanded in order to face the country’s enormous sovereign debt. Turning to … Continue reading

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Scorched earth

In the saga of the euro crisis there is a term that crops up every now and then: TARGET2. It seems to be an ethereal term for some technicality of use only to economists and government financial managers. But in … Continue reading

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Well spent

From John Ward: GREECE: Why would it be missed by the Eurozone? Question: If Greece had spent the EU average on defence over the past 10 years (1.7% of GDP rather than spending 4% of GDP on defence, how much … Continue reading

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From unexpected quarters

Paul Krugman in the NY Times argues it is high time to ditch the euro: Europe’s Economic Suicide. [I]n the 1930s — an era that modern Europe is starting to replicate in ever more faithful detail — the essential condition … Continue reading

Posted in economy, EUnion, euro crisis | 1 Comment

Insanity chronicled

The following is a digest of Zerohedge items referring to the EUrozone. It isn’t pretty: Europe Leaks It Will Fix Crushing Debt Problem With €940 Billion Of More EFSFESM Debt Europe’s Bazooka Will Fire Blanks… Good Luck Killing the Crisis … Continue reading

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What cuts?

It looks as though the Dutch ‘Danish’ cabinet, the minority cabinet of VVD and CDA with Wilders’ PVV supporting, has entered choppy waters. From Budget cut talks ‘in a difficult phase’, NOS says Wilders wants out. Talks between the … Continue reading

Posted in dutch politics, economy, referism | Tagged , , , , | 8 Comments