…Euro area stock of outstanding debt shows clearly that 57% of corporate loans had been made with maturity of greater than 5 years – the ECB provides no breakdown of…

by Rebecca Wilder German Construction Is Looking a Bit ‘Bubbly’ Eurostat released its volume-adjusted estimate of construction for April (release here, .pdf). Over the month, Euro area construction declined 2.75%…

…devaluation. An it’s not going to improve with a lower stock of debt (through restructuring)! According to Eurostat, the 4-quarter MA (Angry Bear blog calculations) of Greece’s export base as…

…by the Chinese and Japanese central banks.) What explains the anomalous Europeans? I don’t know for sure, though (as usual) I’m willing to offer up a possible explanation. Perhaps Europeans…

…1992 wherein all countries joining the euro are required to keep any budget deficits below 3.0% of GDP. The economic reasons for imposing such a limit are slightly complicated, having…

…through the $1.35 mark against the Euro. Right now the US dollar is floating at $1.28 per Euro. The $1.35 mark is just another 5% away which is not far…

Mario Draghi announced European Central Bank Quantitative Easing yesterday. The plan is to buy long term public bonds for 60 billion euros a month from March at least through September…

by Joseph Joyce Not All Global Currencies Are The Same The dollar may be the world’s main global currency, but it does not serve in that capacity alone. The euro…

…basic income (give all the money to the rich and the poor). They proposed that the European Central Bank pay for all this by giving Italy 250 billion Euros (this…

…importance of free factor flows within an optimal currency area. His writings on this led him to be called “the father of the euro” and curiously he advocated a global…