Tag Archives: euro

What would happen if Ireland left the Euro?


Emmett O’Connell – The Consequences of Monetary Union (1972); The Economist – Coming In From The Cold, Lessons from Iceland: … the extra cost to a country of not standing by its banks can be surprisingly small… the benefits to … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, iceland, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , , | Leave a comment

Euro-spawned divergent growth and inflation caused external payments imbalances


Euro-spawned divergent growth and inflation caused external payments imbalances. Government profligacy did not divide ‘saints’ from ‘sinners’. In the good years Germany was a near-sinner. Its budget deficit exceeded the Eurozone average and was a whisker below the 3% Maastricht … Continue reading

Posted in Accountability, Austerity / Cutbacks, Bankers' Bailout, Budget, Commodities & Cost of Living, Economy, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, Referendum | Tagged , , , | Leave a comment

Connect the dots? Greek government buys 400 tanks . . . (dot, dot, dot)


June 25, 2011: Greek Coup to force exit from Euro?  – John Mauldin, “Outside the Box” Newsletter: To go back to the drachma would require a bank holiday for a week, and it would have to be a surprise move. … Continue reading

Posted in Civil Disobedience, ECB/IMF, Economy, EU, Euro / Sovereign Money, eurozone, Geopolitics, Germany, Greece, Human Rights, USA / America | Tagged , , , , , , , | 1 Comment

The Problem, Outlined: ECB & the Property Bubble


Real-World Economics Review blog – Will the popular movements teach the European Central Bank economics?: …like the Communist Party in the Soviet Union, acceptance of the ideology is the price for admission into the clique of economists who can influence … Continue reading

Posted in Budget, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, History, Housing Bubble, Independence/Nationalism, ireland | Tagged , , | Leave a comment

Bulgaria gets Euro jitters (People’s Movement)


The Bulgarian Minister of Finance, Simeon Djankov, has said that Bulgaria is rethinking its plan to adopt the euro until the crisis is properly ironed out. “We want to know before we join the euro zone what the opportunities are … Continue reading

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Internal versus external devaluation – Real-World Economics Review blog


From Merijn Knibbe at Real-World Economics Review blog – Internal versus external devaluation; two examples: Wages are sticky by nature – and they already were that way back in the eighteenth and nineteenth century. It’s not a modern phenomenon. They … Continue reading

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Quotable Quotes: “A bail-out is not possible and will not exist”


The euro has been a rock of stability, as illustrated by the contrasting fortunes of Iceland and Ireland. Richard Corbett, former British Labour Party MEP, 2009. Solidarity is possible, [and] will exist. A bail-out is not possible and will not … Continue reading

Posted in Accountability, Audio/Video, Bankers' Bailout, Economy, EU, Euro / Sovereign Money, Humour, Quotable Quotes | Tagged , , , , , , , , , , , | Leave a comment

ECB Hike “Pretty Big Mistake” & Eurotensions in nutshell: ZeroHedge/BOE ex-policymaker


From ZeroHedge – Former BOE Policymaker On ECB Hike: “Pretty Big Mistake” – Explaining The Irreconcilable Euro Tensions In One Paragraph: … in reality today’s situation is nothing like 2008 when one accounts for the EFSF [European Financial Stability Facility] … Continue reading

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Digital Journal: Euro heading for a fall?


From Digital Journal / Donna Murphy – The Euro, a great plan or heading for a fall: Greece and Ireland were already in debt, which is why they asked for their bailouts. Now they are borrowing money at such high … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, EU, Euro / Sovereign Money, Geopolitics, ireland | Tagged , | Leave a comment

Spiegel: Castles in the Sky – The Fundamental Problem with Efforts to Save the Euro


From Spiegel Online / Michael Sauga – The Fundamental Problem with Efforts to Save the Euro: It Works or it Falls Over The status quo still applies when it comes to the affairs of the EU. Whenever something goes wrong … Continue reading

Posted in Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, ireland, Superstate | Tagged , , | Leave a comment

Daily Telegraph: “monetary union approaching outer limits of politically possible”


From David Warner, Assistant Editor @ Daily Telegraph – Is the cost of saving the euro beyond reach?: …although the parties that gained at the CDU’s expense all substantially share Mrs Merkel’s view that the euro must be saved, the … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, ireland | Tagged , , , | Leave a comment

Charles Hugh Smith: “The structural flaw at the heart of the E.U.”


Via ZeroHedge; Charles Hugh Smith writes in his OfTwoMinds blog – Why The European Union Is Doomed: The key feature borrowed from Classical Capitalism is that the risks of enterprise and the investing of capital are (supposedly) transferred from the … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, EU, Euro / Sovereign Money, Housing Bubble, Ideology | Tagged , , , , | Leave a comment

Danes mostly opposed to euro


From Dagbladet Politiken – OPINION POLL: Danes opposed to euro – As the government prepares to join the europact, Danes remain against adopting the euro: If a referendum on the euro were to be held in Denmark today, there would … Continue reading

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CNBC: Eurocrats’ “Tower of Babel”


From CNBC interview of Monument Securities Chief Economist Stephen Lewis – Euro Will Collapse Like Tower of Babel; Economist: “There can be little wonder that the bailout finds little favor with Greek popular opinion,” Lewis said. “It must be obvious … Continue reading

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Bank Credit Analyst: Iceland vs Ireland – Devaluation vs Deflation


From BCA Research‘s Daily Insights (via John Mauldin’s Thoughts From The Frontline) – Iceland, Ireland And The Role Of The Currency: The different adjustment paths of Ireland and Iceland are classic examples of devaluation versus deflation. Iceland and Ireland experienced … Continue reading

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Newsweek: Euro fed the Irish debt bubble


From Robert J. Samuelson, commenting on Ireland’s Crisis, in Newsweek – Europe’s Reckoning … “What you need to know about Ireland’s economic crisis is that it’s not about Ireland… It’s about Europe…” …solid growth gave way to a housing boom … Continue reading

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German Bank: Iceland now better off than Ireland


In the words of the FT’s Tracy Alloway: Ireland’s membership in the eurozone could be one of the things which hinders its recovery. As the analysts point out, the Icelandic krona’s precipitous fall in value has helped the country’s economy … Continue reading

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Guardian: Ireland should ‘do an Argentina’


Dean Baker, guardian.co.uk, Monday 22 November 2010 What the people of Ireland and every country must realise is that if they agree to play by the bankers’ rules, they will lose…  

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