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Tag Archives: Greece
Stratfor: Geographic Challenges for Mexico, Egypt, Greece
Every country faces obstacles. Some have terrible neighbors, but every country has geographic issues which must be overcome. This video based post looks at three countries – Mexico, Egypt and Greece.
Posted in Eurozone, Middle East, aa syndication
Tagged egypt, Geographic, Greece, Mexico, Stratfor
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A Tale of Two Countries
Austerity, Deficits, and Debt: A Tale of Two Countries by Elliott R. Morss, Morss Global Finance Introduction Greece is involved in a series of austerity programs. And the US is considering austerity measures to keep it from “falling off the … Continue reading
Posted in Eurozone, macroeconomics, money
Tagged banking, Elliott Morss, Eurozone, federal deficit, Greece, money, money and banking, money sovereignty, national debt
1 Comment
Euro Crisis: Are Germany and IMF Lighting a Fuse?
by Elliott Morss, Morss Global Finance Introduction In earlier articles, I have talked of the “weak sisters” (Greece, Italy, Portugal and Spain) together, arguing they will never be able to compete with Germany and other more “efficient” Eurozone countries. Of … Continue reading
Posted in Eurozone, macroeconomics
Tagged austerity, Elliott Morss, Eurozone, Germany, Greece, IMF, Italy, Portugal, Spain, weak sisters
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Nothing has Changed for Greece
by Elliott Morss, Morss Global Finance Introduction Last fall, I said that Greece and the other “weak sisters” should leave the Eurozone. My argument was: the weak sisters (Greece, Italy, Portugal, and Spain) cannot compete with Germany; they need currencies … Continue reading
Posted in Eurozone
Tagged break up the euro, Elliott Morss, euro, Eurozone, Greece, Italy, Portugal, Spain, weak sisters
2 Comments
Austerity to Growth – IMF Double-Talk on Greece and Spain
by Elliott Morss Austerity – What Should Have Been Learned The IMF should have known that austerity policies (reduce government deficits) cause unemployment to grow. After all, its own research found that a reduction in the government deficit of 1% … Continue reading
Posted in Eurozone, International Economic data
Tagged austerity, contraction, ECB, Elliott Morss, eurocrisis, Eurozone, Germany, Greece, IMF, Italy, Portugal, recession, Spain
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Debt, Investments, and Dangerous Addictions: A Tale of Four Countries
Written by Elliott Morss In working overseas and doing research on countries, I have always been struck by striking differences and what explains them. Here, I look at four countries: China, Greece, Japan, and the US. Why these countries? The … Continue reading
Posted in International Economic data
Tagged austerity, China, current account, debt, default, deficit, Elliott Morss, Greece, Japan, smoking
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Update: Greece, Eurozone and the IMF
by Elliott Morss Earlier, I noted there were two parts to IMF Stand-By Program for Greece: austerity and increasing its competitiveness. However, by the beginning of 2012, the IMF had concluded that the austerity part of its plan for Greece … Continue reading
Posted in Eurozone, macroeconomics
Tagged default, deficit, Elliott Morss, EU, Eurozone, Greece, growth, haircut, IMF, sovereign debt
1 Comment
Out of the Garden of Europe and into the World Economy
by Macrotides Monetary policy is a bit like watering a garden. Its nourishment is intended to foster growth and jobs, and when in full bloom, a rising standard of living for the majority of people in society. A functioning spigot … Continue reading
Posted in China, Economics, Eurozone, International Economic data, macroeconomics
Tagged Brazil, China, Eurozone, Greece, India, inflation, interest rates, Italy, macrotides, Portugal, slowdown, Spain, unemployment
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Is Decoupling Possible in a Global Economy?
by Macrotides An improvement in U.S. economic data in the fourth quarter has convinced many investment strategists that the U.S. will continue to grow 2% to 3% in 2012, absent a Lehman Brothers type of crisis in Europe. After all, … Continue reading
Posted in International Economic data, macroeconomics
Tagged Brazil, China, Europe, Eurozone, Germany, Greece, inflation, interest rates, Italy, macrotides, Portugal, slowdown, Spain, unemployment
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Mario Draghi Nomination Based on Deception
by ECB Watch The Economic and Monetary Affairs (ECON) Committee was in charge of evaluating Mario Draghi’s credentials on behalf of the European Parliament. The view of the Committee, and accompanying evidence, was described in a 36 pages report released … Continue reading
Posted in Eurozone
Tagged ECB, ECB Watch, European Central bank, Goldman Sachs, Greece, Mario Draghi, sovereign debt
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EU Ignores Falsification of Greek Public Finance Data
by Guest Author ECB Watch This is a companion to another article to be published Draghi Nomination Based on Deception. Here, we address the broader issue of the falsification of Greece’s public finance data. We will look into Eurostat audits (Walter … Continue reading
Posted in Banking News, Eurozone
Tagged debt, ECB, ECB Watch, European Central bank, falsification, fraud, Gerald Corrigan, Goldman Sachs, Greece, Jean Claude Trichet, Mario Draghi
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Has Anything Changed in the Euro Crisis?
by Elliott Morss Introduction The leaders of the Euro countries held meetings late into the night last week. They announced new steps but the UK would not go along. So instead of new rules for the European Union, they had … Continue reading
A Simple Greek Exit
by Guest Author Warren Mosler Editor’s note: This was posted at The Center of the Universe with the title “My big fat Greek MMT exit strategy”, November 17, 2011. Due to popular demand, I’ve begun outlining a Greek exit strategy to … Continue reading
Can There be Reason for Optimism in the Eurozone?
by Elliott Morss Introduction It was interesting that on Friday, the talking heads and stock markets were quite bullish on developments in the Eurozone. What really happened last week? We had two changes of government and a new “weak sister” … Continue reading
Eurozone: A ‘Depressing’ Brief Analysis
by Elliott Morss Editor’s note: As the title indicates this brief analysis summary by Dr. Morss clearly shows that conditions are “depression-like” when it comes to unemployment and bank weakness associated with the weak sisters (so identified by Dr. Morss … Continue reading
Posted in Uncategorized
Tagged banks, Elliott Morss, Eurozone, Greece, Ireland, Italy, Portugal, Spain, unemployment
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A.I.G. and Greece: Comparing Bankruptcies
by Elliott Morss Introduction In the midst of the Greek crisis, a report was issued last week by a watchdog government agency assessing how the Federal Reserve handled the A.I.G. crisis. Remember that one? At one point, the Feds had … Continue reading
The Greek Revolt: Good News For Europe
by Guest Author Charles Wyplosz, Voxeu, November 4, 2011 Greek Prime Minister Papandreou made a stand this week. Even though he was backed down, this column argues that he did the EZ a favor by providing an opportunity to change … Continue reading
Posted in Eurozone
Tagged Charles Wyplosz, contagion, ECB, Eurozone, financial crisis, fiscal union, Greece, sovereign debt
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The Dance of the Weak Sisters – Part 2
Why Greece, Ireland, Portugal and Spain Should Leave the Eurozone
by Elliott Morss
In my last article, I argued that Greece, Ireland, Portugal, and Spain should leave the Eurozone. Why? Because, at the € exchange rate they must accept as long as they are in it, their costs are too high. Their costs being too high means their unemployment rates will remain at unacceptable levels and their trade deficits will continue. This article takes the form of an open letter to the Presidents and Finance Ministers of these four countries. Continue reading
Posted in Eurozone
Tagged currency, current account, debt, default, Elliott Morss, EU, euro, Greece, Ireland, Portugal, Spain, weak sisters
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The Dance of the Weak Sisters – Part 1
Why Greece, Ireland, Portugal and Spain Should Leave the Eurozone by Elliott Morss Introduction Monnet’s original conception for the European Common Market sounded sensible: as separate nations, we have little power, but together, we will be a significant global/political force. … Continue reading
Posted in Eurozone
Tagged currency, current account, debt, Elliott Morss, EU, euro, Greece, Ireland, Portugal, Spain
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