…say euros, it doesn’t look quite as bad. In July, exports to the European Union (EU 27) dropped -3.6% over the year measured in euros versus a -16.2% annual decline…

…inflation — especially in different countries — is also an imperfect science. Many European countries, for instance, don’t use “hedonic adjustment” to correct for massively increasing computer value per euro…

…pay back its debt to mostly big banks that lent money recklessly in the leadup to the financial crisis, make no sense at all. If you impose austerity, you clamp…

…result, Italy enacted a harsh austerity plan with painful spending cuts. The European Union fiscal nagging body (Ecofin) and, more importantly the European Central Bank (ECB) demanded more. This lead…

…that investors are saying so. Marshall Auerback suggests that Germany may be preparing to exit the Euro. My rough sketches suggest that’s a bad idea for their banks, but it…

Today a host of global purchasing managers indices (PMIs) reiterated that the global economy is slowing….quickly. Within 24 hours, China, the US, and the euro area all reported July PMIs…

…using this when I can do some charts and graphs. It is starting to appear as if no one other than Dr. Black understands The Whole of The Euro Story….

…confusing flows with stocks. Savings is a flow. Money from savings goes into the stock of financial assets — cash in mattresses, bank account balances, CDs, stocks, bonds, collateralized debt…

…Euro has done the same against the dollar. If this goes against your memory, you’re not part of the IMF. Even better is when jck gets his funny on. For…

…awful deed is required, she suggests, to avoid a “European-style debt crisis.” No real analysis is there. Once again we see the proof in the pudding: the corporate media has…