Category Archives: Eurozone

Austerity and Growth Perspectives: Europe, the IMF, China, and the US

Written by Elliott Morss, Morss Global Finance Introduction Over the last two decades, the trade-offs between more rapid economic growth and the need for governments to keep their financial houses in order has been a topic of worldwide debate. Controversy … Continue reading

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Stratfor: Nostalgia for NATO

by George Friedman, Founder and Chairman, Stratfor Several years ago, I wrote a series of articles on a journey in Europe. It was intended both to be personal and to go beyond recent events or the abstract considerations of geopolitics. This … Continue reading

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That German Miracle…

by Constantin Gurdgiev, TrueEconomics.Blogspot.in Germany … the miracle economy of Europe:

Posted in Eurozone, GDP, macroeconomics, money | Tagged , , , , , | 2 Comments

Feedback Loops, Delusions and Crises

by Michael Pettis, China Financial Markets Early this month Martin Wolf had another of his very interesting articles, this time on China, which I think suggests some of the concerns we must have about the upcoming adjustment. Wolf argues that it … Continue reading

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Comparing Unemployment During the Great Depression and the Great Recession

by William K. Black, New Economic Perspectives Barry Eichengreen’s and Tim Hatton’s January 1988 paper entitled “Interwar Unemployment in International Perspective” is a useful starting point for any effort to compare unemployment during the Great Depression and the Great Recession. … Continue reading

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Self-defeating Austerity?

by Dawn Holland and Jonathan Portes, Voxeu.org EU governments have individually embraced severe austerity programmes in an effort to avoid becoming the next Portugal. This column presents results from the National Institute Global Econometric Model suggesting that these individually rational … Continue reading

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Stratfor: Beyond the Post-Cold War World, Balancing Economic and Military Power

By George Friedman, Founder and Chairman, Stratfor An era ended when the Soviet Union collapsed on Dec. 31, 1991. The confrontation between the United States and the Soviet Union defined the Cold War period. The collapse of Europe framed that … Continue reading

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Stratfor: Disturbing Precedent in the Cyprus Bailout

By George Friedman, Founder and Chairman, Stratfor The European economic crisis has taken different forms in different places, and Cyprus is the latest country to face the prospect of financial ruin. Overextended banks in Cyprus are teetering on the brink … Continue reading

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The Euro Mess Gets Messier

by Elliott Morss, Morss Global Finance Introduction I have not written about problems in the Eurozone and surrounding areas since last October since nothing had changed. The Eurozone is in the process of falling apart because what I called the … Continue reading

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The Great Portuguese Hollowing Out

by Edward Hugh, Euro Watch With every passing day Portugal has less and less economy left, while fewer and fewer people remain to try to pay down the debt. As Portuguese President Aníbal Cavaco Silva once put it, “A country without … Continue reading

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Stratfor: Europe, Unemployment and Instability

By George Friedman, Founder and Chairman, Stratfor The global financial crisis of 2008 has slowly yielded to a global unemployment crisis. This unemployment crisis will, fairly quickly, give way to a political crisis. The crisis involves all three of the major … Continue reading

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Designing A Federal Bank

by Harold James, Voxeu Do economists and policymakers know how to design a federal bank for Europe? Is there a template? This column explores the history of the US Federal Reserve, gleaning lessons for the future of the European banking … Continue reading

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Panic-driven Austerity in the Eurozone and Its Implications

by Paul De Grauwe and Yuemei Ji, Voxeu.org Eurozone policy seems driven by market sentiment. This column argues that fear and panic led to excessive, and possibly self-defeating, austerity in the south while failing to induce offsetting stimulus in the … Continue reading

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The 2013 Economic Outlook – Bright Sunshine for the U.S., Periods of Cloud Abroad

by Paul Kasriel, The Econtrarian Author’s Warning: Do not attempt reading the entirety of this commentary without the aid of your stimulant of choice. I apologize for the length of the commentary, but believed it necessary in order to inform … Continue reading

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Eurozone Crisis: It Ain’t Over Yet

by Paolo Manasse, Voxeu.org All G7 economies are struggling in the post-crisis climate, but US GDP has recovered to pre-crisis levels, while the Eurozone simply hasn’t. This column portrays the global crisis as a transitory shock for the US, but … Continue reading

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Stratfor: UK Moving Away from the European Union?

By George Friedman, Stratfor Founder and Chief Executive Officer British Prime Minister David Cameron will deliver a speech in London on Jan. 23, during which he will discuss the future of the United Kingdom’s relationship with the European Union. Excerpts … Continue reading

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Confuse the Cat: Baltic Data

by Dirk Ehnts, Econoblog101 I found Google Public Data Explorer and I like it tremendously. Remember those discussion about the Baltics and how they do under austerity? You now can fact check any commentators claims quite rapidly. Let’s try it … Continue reading

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Q4 2012 Global Risk Analysis from BBVA

by Dr. Constantin Gurdgiev, TrueEconomics.Blogspot.in Editor’s note: Global Economic Intersection welcomes Dr. Gurdgiev as a guest author. Constantin is an “embedded economist” in the Irish front lines, lecturing at Trinity College, Dublin. He brings us an insider’s view of what … Continue reading

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Central Banks Can Phase in Nominal GDP Targets without Losing the Inflation Anchor

by Jeffrey Frankel, Jeff Frankel’s Weblog The time is right for the world’s major central banks to reconsider the framework they use in conducting monetary policy. The US Federal Reserve and the European Central Bank are grappling with sustained economic … Continue reading

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Stratfor: 2013 Is A European Decision Year

By George Friedman, Stratfor Founder and Chief Executive Officer The end of the year always prompts questions about what the most important issue of the next year may be. It’s a simplistic question, since every year sees many things happen … Continue reading

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