Category Archives: Euro zone Crisis

Of Gareth Bale, export-led growth and the Spanish economy

There is a saying that life imitates art and if one applies that principle to Spain and its economy right now there is plenty to think about. I need to shift the goalposts to the world of football but we find … Read More

Posted in Euro zone Crisis, Financial crisis, General Economics, House Prices | Tagged , , , | 23 Comments

How “maxed out” is European Central Bank monetary policy?

It has been a while now since I peered formally under the bonnet of the European Central Bank and as it is a policy meeting week it is perhaps overdue time to take another look. We can start in a … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Inflation, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 14 Comments

Does one swallow make a summer for France and its economy?

One of the features of the Euro area crisis is that it is developing in countries where you might have least expected it. Only last week I discussed the growing problems of the Netherlands which have since been reinforced by the … Read More

Posted in Euro zone Crisis, General Economics, Growth, Recession | Tagged , , , | 26 Comments

Is the Netherlands suffering from a new Dutch Disease?

Back in 1977 the magazine the Economist coined the phrase Dutch Disease which related to the impact of her discovery of a natural gas field in 1959. This led to a rise in the Guilder which made her manufacturing sector … Read More

Posted in Euro zone Crisis, General Economics, Recession, Stagflation | Tagged , , , , | 10 Comments

How will Italy escape the economic depression it is in?

Yesterday there were two pieces of news which offered a grim and disappointing view of the Italian economy. One of these came from an official body -the International Monetary Fund (IMF) – and the other from what these days is … Read More

Posted in Euro zone Crisis, GDP, General Economics, Recession | Tagged , , , | 13 Comments

A rising national debt combined with falling wages means Grecovery is still way off

Last night the Eurogroup of ministers approved a further release of funds to Greece as detailed below. The Eurogroup mandates the Eurogroup Working Group (EWG) to approve the next EFSF instalment, which amounts to EUR 3.0 bn. (EFSF is the European … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Growth, Inflation | Tagged , , , | 13 Comments

Time is running out for Portugal as her fiscal problems mount

This week has seen one fairly regular occurrence in Portuguese life and one so frequent now that it is difficult to keep count. The former was yesterday’s general strike which is a protest against the austerity programme which is crippling the … Read More

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

An Italian tale of debt,deficits and derivatives is unfolding

One of the features of modern day life is that we rarely get told the truth by official bodies and even if we get some of it we rarely get all of it! Today has opened with news in this … Read More

Posted in Debt, Euro zone Crisis, GDP, General Economics, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , | 21 Comments

Is Ireland on a path to a second bailout?

This week the International Monetary Fund has been reviewing the state of the Irish bailout on its way to approving a further 950 million Euros of aid. This means that it will have committed some 20.83 billion Euros out of … Read More

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

Cyprus needs to leave the Euro to have any chance of an economic recovery

If we go back to the spring of this year then all eyes were focused on the little island of Cyprus as the might of the Euro area struggled to find a resolution to the financial crisis which was enveloping … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, House Prices, IMF, Inflation, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 23 Comments