Search Results for: eurozone

Is the euro a foreign currency for peripheral Eurozone (EZ) countries? – Part 2

By Ignacio Ramirez Cisneros Some considerations on the IMF’s Independent Evaluation Office (IEO) latest assessment on the handling of the euro crisis. Part II If decisive large scale interventions on the part of the Eurosystem would have been enough to quell … Continue reading

Is the euro a foreign currency for peripheral Eurozone (EZ) countries?

By Ignacio Ramirez Cisneros Some considerations on the IMF’s Independent Evaluation Office (IEO) latest assessment on the handling of the euro crisis. Part I The most recent IEO assessment of the IMF’s role in the lending and structural adjustment programs in … Continue reading

UMKC professor among handful of economist to predict Eurozone fiscal downturn

Video and article over at Kansas City’s KSHB highlighting NEP’s Randy Wray’s analysis of the problems with the European Monetary Union and his predictions that it would lead to the European crisis. You can view the video and read the article … Continue reading

Three UMKC Professors Among The Nine Who Predicted Eurozone Crisis

KCUR.org feature includes recorded interview with Randy Wray and others regarding the current crisis in the eurozone. Randy explains that some economists predicted the problems with the European Monetary Union with an explanation of sectoral balances.

Herr Schauble’s Foibles: The eurozone Rebalancing Conundrum

By Rob Parenteau That Germany has pursued something of a neo-mercantilist growth strategy is no great secret. Even newly minted econoblogger Ben Bernanke (apparently, Fed Chair pensions are not what they used to be) has duly noted Germany’s ascension to … Continue reading

It’s Long Past Time for Krugman to Name and Shame NYT’s Eurozone Reportage

By William K. Black Monday, July 7, 2014 provided another example of Paul Krugman explaining why austerity was an insane response to the Great Recession and the New York Times authoring another of its endless articles that assumes that austerity … Continue reading

The Troika Continues to Harm the Eurozone and the WSJ continues to Miss the Story

By William K. Black The European Central Bank’s (ECB) written policy is to maintain the eurozone inflation rate at just under two percent.  The ECB has consistently failed to achieve that goal.  Indeed, its failure has been growing steadily.  The … Continue reading

The Eurozone’s “Nascent” Recovery

By William K. Black On January 19, 2014 I posted a column entitled “Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody” that discussed the insanity of the Eurozone’s approach to “the threat of deflation.”  The EU’s troika cannot … Continue reading

To Save the Euro, the Eurozone Governments Must Stand By Greece

By Marshall Auerback George Soros probably understands the nature of the immediate problem facing the Eurozone (namely, the accelerating bank run which, amongst other things, potentially exposes Germany to trillions of contingent euro liabilities).  But even Soros reflects the prevailing … Continue reading

Greece and the Rest of the Eurozone Remain on the Road to Hell

By Marshall Auerback So for the short term, it appears we won’t have a “Grexit”, which has led many commentators to suggest (laughably) that a crisis has been averted. Typical of this sentiment is a headline in Bloomberg today  “Greece … Continue reading