Category Archives: Euro zone Crisis
Yesterday the Irish government announced that it will be holding a referendum on the latest European Union plans for a fiscal compact. However there is already a consensus building that in the words of 1066 and all that this is … Read More
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
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
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
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
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
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
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
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
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