…recent European experience in 2011 is yet another example of premature tightening. Despite the headwinds from continuing debt-overhang and recent financial distress, European authorities in 2011 judged that the Eurozone…

…service debt going forward. The Prognosis: The euro should therefore fundamentally remain on the weak side after a temporary bout of short-covering, as the high levels of euro national government…

…of the Euro Area average, you have Germany and Luxembourg seeing their unemployment rates decline over the same period. The divergence in labor force deterioration across the Eurozone since 2007…

…worth a discussion, and has implications for domestic economic reform in Germany. Does it have implications for Germany’s needs in the Eurozone? Update 2: Also see The euro without Germany…

…me proceed in reverse order, and begin with gross debt. Gross debt has two components: debt held by the public—which I will discuss more in a moment— and intragovernmental debt….

by Rebecca Wilder Expect Neither ‘Sustainable’ nor ‘Comprehensive’ From Euro Area Leaders On Sunday, Merkel and Sarkozy promised a “sustainable and comprehensive” solution to the euro debt crisis ahead of…

by Rebecca Wilder Follow up to yesterday’s post: Euro area consumption and Investment in Q2 2013 Yesterday I illustrated the unsustainable accounting growth engine of imports occurring in the euro…

…a Greek 10yr bond yields 14.5% with a euro price of 59, while a 2-yr bond yields 21.4% with a euro price of 73. Bond investors are going for the…

…wage cuts, is to drive export growth for all debtor across the Eurozone. It’s a fallacy of composition: if every country in the Eurozone deflated in order to improve competitiveness,…

…that the Italian government is now facing thanks to the eurozone debt crisis.” I disagree and comment that his argument is circular in nature. See, the market is pricing in…