…action threatens to undermine confidence in banks throughout the eurozone periphery, Greece, Italy, Spain, Portugal, and Ireland. As Louise Cooper told Marketplace, “(This move) says that your savings are not…

…Grauwe on sovereign and eurozone debt; Martin Wolf on private sector savings and public sector deficits (the financial balance approach); Richard Koo on the implications of a “balance sheet recession”…

G. has to leave the Eurozone. No not Greece Germany. Germany and a bunch of small Northern countries use the undervalued Northern Euro as their currency while we use the…

by Rebecca Wilder Housing Bubbles: Less Frothy but Europe is Behind Wolfgang Muenchau’s article in the Financial Times, There is no Spanish siesta for the Eurozone, inspired me to update…

…about the Latvian economy. Authors Mark Weisbrot and Rebecca Ray highlight the Latvian experience with internal devaluation, which may prove to be a case study for the current Eurozone model…

…get back into safer waters. But with the Eurozone debt crisis in the past year, it basically ran out of time. SIEGEL: Yeah, that was the past. This is now….

…denominated in US dollars $3.4 billion in new British pound assets $24.2 billion in new Japanese yen assets $0.3 billion in new Swiss franc assets $87.5 billion in new Eurozone…

…believe that investors will happily buy up any amount of US government debt (at low interest rates) for the indefinite future, then relax. The tax deal passed yesterday should make…

…even if we were blind to everything else: private debts matter as much as public ones. The indebtedness of households, corporations and financial entities can bring down the economy as…

The Japanese yen, the Eurozone euro, and the British pound have appreciated 16%, 14%, and 9%, against the USD, respectively, since their 2010 lows. Some say that the “US wins”…