Tags: spain

Merkel Saves The Euro Crisis

December 18th, 2011
in Op Ed

by Dirk EhntsI stole the above headline from the tageszeitung (pdf), where it reads Merkel rettet Euro-Krise. Kevin O’Rourke has an excellent article on the results at Project Syndicate. Here is his conclusion: This summit should have proposed institutional changes to avert such a scenario. But if such changes are politically impossible, and the euro is doomed, then a speedy death is preferable to a prolonged and painful demise. A euro zone collapse in the immediate future would be widely perceived as a catastrophe, which should at least serve as a source of hope for the future. But if it collapses after several years of perverse macroeconomic policies required by countries’ treaty obligations, the end, when it comes, will be regarded not as a calamity, but as a liberation. And that really would be worse. more »

There Will Be Blood

December 10th, 2011
in Op Ed

by Marshall Auerbach, New Economic Perspectives Editor’s Note: This was written December 5 before the latest Eurozone summit. Readers will find not much has changed as a result of the new agreement. Another week to go before the euro blows up… more »

‘Austeridad’ In Spain – More Of The Same?

November 24th, 2011
in Op Ed

by Dirk Ehnts The general elections is Spain have brought the Partido Popular to power, as voters ousted the socialist (really, social democrat) government. The problem of Spain is, of course, inflation. Just kidding, it is unemployment, which stands a… more »

Will Greece Unravel by Christmas?

November 23rd, 2011
in Op Ed

by Michael Pettis In China economists are watching the spectacle in Europe, China’s largest export market, with rising dread. Might European deterioration affect Chinese growth? October and November tend to be very important months for Chinese exp… more »

Will Italy Stay In The Euro-Zone?

November 15th, 2011
in Op Ed

by Guest Author Fabius Maximus Summary: The strong often believe that the weak have no choice but to stay in the game (however rigged) and accept whatever cards they’re dealt. While logical, the weak often have the ability to turn the tables. So it is with creditor nations, who oft… more »

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