Category Archives: Euro zone Crisis

The economic powerhouse that is Germany seems a miracle,what can go wrong?

I would like today to look at the other outlier in the Euro zone. So rather than the travails and problems of Greece I will look at the economic success story that is the Federal Republic of Germany. If we … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Growth, Interest rates | 26 Comments

Currency flight from the Euro is boosting the Swiss Franc but has the Yen finally started to weaken?

Over the past few years there has been a remarkable convergence in the performance of the Swiss Franc and the Japanese Yen. A lot of this has been due to the effects of traders reversing “Carry Trades” in each country … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Japan's Economic Situation, Quantitative Easing and Extraordinary Monetary Measures | 12 Comments

Why the current rise in the price of crude oil could have a more powerful economic effect than expected

Only last Thursday I discussed the rise in the oil price that has taken place so far in 2012. At that time the price of a barrel of Brent crude oil had touched US $120 and since then we have … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Inflation, Japan's Economic Situation, Stagflation, The US Economy, UK Inflation Prospects and Issues | 16 Comments

One solution to Portugal’s problems requires her to join Greece and Spain and form one of “The Three Euros”

Today I wish not only to take a look at the latest data on how deep the current economic depression is in Portugal but I wish to look at the underlying causes of the situation and suggest some ways forward … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, Growth, Quantitative Easing and Extraordinary Monetary Measures, Recession, Stagflation | 10 Comments

The latest Greek bailout has Euro zone leaders acting like the March Hare from Alice in Wonderland

Today has some of the elements of groundhog day as we see yet another bailout for Greece although these days the mainstream media uses the word “rescue” much more rarely. One strong element of such meetings is bombast and hyperbole … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | 29 Comments

When it comes to a choice between the Greek people and the banks the ECB chooses itself and the banks

Developments over the weekend concerning Greece and her parlous financial situation have dominated the news over the weekend. On the one hand some media organisations such as the BBC’s Newsnight and the New York Times tried to explain what reality is now … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, IMF, Quantitative Easing and Extraordinary Monetary Measures | 15 Comments

Greek deal is probably undeliverable, warns Pimco

Finally, after what must have been some of the most painful arm twisting in history, in a historic late night sitting, with the policemen outside the Greek Parliament dodging the flames from Molatov cocktails thrown by seriously angry protestors, the … Read More

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The price of oil has risen in 2012 and it is the Euro zone that is worst affected yet again!

Today I wish to go behind the news,or at least the news in the mainstream media, and take a look at a powerful influence on the world economy which only gets more than a passing mention when it moves to … Read More

Posted in Euro zone Crisis, General Economics, Gilts, Greek Financial Crisis, Inflation, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | 17 Comments

The Gap between the economies of Greece and Germany has widened by 10% in 2011. Currency union anyone?

Yesterday gave us a new development in the ongoing farce which of course is also a tragedy that is the Euro zones so-called rescue of Greece. In the early afternoon we had Commissioner Rehn telling us this. To my knowledge … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | 34 Comments

How the necessary Greek devaluation and default should and hopefully would happen

Yesterday was a day of great shame for Greece. However I wish to distinguish myself from the rolling 24 hours news coverage of the protest and the separate riot and firebombing. For me the great shame was Greece’s Parliament approving … Read More

Posted in Banks, Euro zone Crisis, Greek Financial Crisis, IMF, Quantitative Easing and Extraordinary Monetary Measures | 71 Comments