Tag Archives: Spain

The Myth of Austerity

by Philipp Bagus, Mises.org Many politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to a reduction of government spending, there is insufficient … Continue reading

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Stratfor: Gaza, Catalonia and Romantic Nationalism

By George Friedman Last week was spent obsessed with Gaza. In the end, nothing changed. A war was fought without an Israeli ground assault but with massive air and rocket attacks on both sides. Israel did not have the appetite … Continue reading

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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

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Dr. Draghi: Name Your Poison

by Marshall Auerback, New Economic Perspectives There appears to be an emerging consensus that the euro will survive, especially now that Mario Draghi has apparently grasped the nettle and persuaded his colleagues that the ECB (European Central Bank) is prepared … Continue reading

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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

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