Category Archives: Euro zone Crisis

Ireland is a test case for what happens if you subvert an entire economy to the needs of its banking sector

It has been a few months since I looked across the Irish Sea to consider the economic situation in Ireland. Back on June 21st I concluded that whilst her economic performance had been superior to that of her Euro area … Read More

Posted in Euro zone Crisis, General Economics, House Prices, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 27 Comments

What next for Cyprus and its economy? A downwards wage-price spiral….?

Sometimes events in a single country can illustrate a multiple number of the themes of this blog even if the country is as small as Cyprus. Back in the spring of this year it was “rescued” by its partners in … Read More

Posted in Euro zone Crisis, General Economics, Inflation | Tagged , , , , , | 22 Comments

What is the next step for the European Central Bank?

Today the European Central Bank gives us the results of its September meeting. It is unusual for this to be on a Wednesday and those who think that it invariably marches to a rather Germanic beat will have a wry … Read More

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

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