…the Euro area debt crisis hits business expectations in the core. Through July, business confidence in Germany and France continued to slide while that in Belgium rebounded, albeit from a…

…of his view that Germany cannot afford to backstop the European Monetary Union (the single currency union referred to as the Euro area, or EA). Germany itself has been the…

…the centrists and social democrats who dominated Europe until it adopted the Euro. They all have something in common — hostility to the European Commission, Eurocrats, and elite technicians (who…

…willing to wait that long. This entry was posted in Eurozone and tagged debt, Eurozone, financial crises on August 20, 2014. https://blogs.wellesley.edu/jjoyce/2014/08/20/european-doldrums/ ← The BRICS and the Bretton Woods Twins…

…financing problems are in good Eurozone company. According to the European Commission’s autumn 2009 Economic Forecast, only 5 of the 16 Eurozone countries are expected to remain below the 60%…

…an austerity program would be entirely unnecessary to reduce public debt. The entire national experience from 1946 to 1980, when public debt fell from 121 to about 33 percent of…

…raise the debt ceiling is to simply ignore the debt ceiling.  This is the Dorf/Buchanan position.  In this case the President could announce that if the debt limit is reached…

…(and by association, the Germans) thinks of ‘competitiveness becomes more clear (h/t Marshall Auerback and bold by yours truly): “All Eurozone governments need not only convincingly demonstrate their commitment to…

…I can safely and for sure tell you that food labeling is approved by the USDA and or the FDA. A small change in a label or packaging such as…

…of the special investment vehicles designed to pump and dump mortgages belong to European not American banks … Euro banks listed their periphery debt as Tier One Capital under Basel.)…