Category Archives: Euro zone Crisis

Are continual tax rises the future for Japan and indeed us all?

Today I wish to move across the other side of the world and examine the economy of the land of the rising sun Nippon or Japan. It exhibits many of the themes and issues highlighted by this blog but let … Read More

Posted in Debt, Euro zone Crisis, Japan's Economic Situation, Quantitative Easing and Extraordinary Monetary Measures, The US Economy | Tagged , , , , | 35 Comments

Of depression style economics and falling prices in Italy

One of the features of Italian political life and indeed government is the periodic appearances of Signor Silvio Berlusconi. One of these took place on Saturday evening as he instructed those government ministers who are in his PDL party to resign … Read More

Posted in Bank of England, Euro zone Crisis, General Economics, Inflation, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 24 Comments

Will we see German economic growth based on domestic consumption and not exports?

Yesterday saw the relection of Angela Merkel in Germany as her party gathered an increased share of the vote in Germany. However in spite of this, her tendency to cannibalise coalition partners, means that the coalition still required by the … Read More

Posted in Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures, Uncategorized | Tagged , , | 19 Comments

What now for Portugal and its economy? Another IMF mea culpa?

This week the Troika made up of the European Commission,European Central Bank and the International Monetary fund is visiting Portugal to decide on its economic progress. We do not yet know if they will declare their by now familiar harbinger of … Read More

Posted in Euro zone Crisis, General Economics, IMF, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , | 13 Comments

Whatever happened to manufacturing and industrial production in France?

Today opens with news of a strike against pension reform in France. However this “reform” only currently applies to the private-sector as we note that the larger potential deficit in public-sector pensions is being ignored. How very Euro area! It remains … Read More

Posted in Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures, Stagflation | Tagged , , , | 12 Comments

What is happening to Cyprus and its economy?

One of the features of both the Euro area crisis and indeed the credit crunch itself is the way that we are awash with news about certain events for a brief period and then the tap gets turned off. In … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , | 13 Comments

Italy and its economy looks like it is being left behind yet again

Yesterday I looked at the improvement in the UK economy and the changes that I feel that the Bank of England should make in its policy. Today I wish to look at a country which is  showing many fewer signs of … Read More

Posted in Euro zone Crisis, GDP, General Economics, Quantitative Easing and Extraordinary Monetary Measures, Recession | Tagged , , , | 9 Comments

Since the start of 2011 the gap in economic growth between Germany and Greece has been 20%

This week has shown us the state of play in Greece and indeed in its national finances. As time passes we see more and more of the consequences of the type of internal devaluation austerity that has been forced on … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , | 16 Comments

Portugal has left its recession but is still in an economic depression

Today I wish to discuss the economic situation in Portugal which I have not covered since the 28th of June. There is a reason for the gap which is that the Gross Domestic Product numbers for the second quarter were … Read More

Posted in Demographics, Euro zone Crisis, General Economics, Manufacturing, Recession, Uncategorized | Tagged , , | 12 Comments

What is happening with the national accounts and GDP of Spain?

Back on the 31st of July I pointed out that the Spanish economy was divided into two clear areas. The first is the external sector which is the good part and the second is domestic demand which has been the … Read More

Posted in Euro zone Crisis, GDP, General Economics, Inflation, Quantitative Easing and Extraordinary Monetary Measures, Recession | Tagged , , , , | 22 Comments