…EA current account deficit is now funding through international asset flows into debt, equity, and lending markets. Given the deterioration of the sovereign debt crisis, I wouldn’t be surprised if…

by Rebecca Wilder The Euro Area Precedent for Policy Failure Last weekend, a leaked Troika report (Troika = ECB + EC + IMF) revealed that European policy makers now comprehend…

Rebecca takes note of credit growth in many of the Euro countries and notes indications of continued deteriorating macro economies in Newsneconomics: Today the ECB released details on monetary aggregates…

…and France contributed a smaller 50% to total Euro area growth. The Q1 2011 growth trajectory (top chart) is entirely consistent with ECB targeted at the core countries. Rebecca Wilder…

I thought that the whole point of fiscal austerity was to turn the balance of trade and capital flow within the Euro area: debtors becoming savers and capital flows out…

…debt issued by non-U.S. residents. The increase in such funding is particularly noticeable in emerging markets economies in Asia and Latin America. This debt includes sovereign bonds issued by governments…

…and had a debt to GDP ratio lower than Germany’s. Italy had a primary surplus and declining debt to GDP ratio. Germany happens to be the one and only country…

…any funds to the rest of the economy (though I don’t think he put it that way). With all the talk of Liquidity needs and Greek bonds, jck at Alea…

…You don’t want to reduce the debt just for the sake of reducing the debt. #WhiteHouseLogic Rory Cooper @rorycooper You don’t want to balance your checkbook just for the sake…

…one showing the likely debt under Romney’s plan, the other showing the projected debt under the Ryan serious-about-debt-reduction plan. Sounds like a (campaign) plan, to me! But, of course, now…