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”…

Postcards from Old Europe – New meets old We are only about two weeks away from one of the most important things to hit Europe this year. I am of…

…a lot to the US economy because the Eurozone is reasonably self-sufficient (60%+ of their trade is internal trade) and we import and export reasonably similiar goods to each other….

…2% of European GDP), but Piketty argues that an extraordinary tax on capital on the order of 15% could wipe out Europe’s current debt problems. As he says (p. 540),…

…In the United Kingdom, voters have approved leaving the European Union. The European Commission has expressed its disapproval of the Italian government’s fiscal plans. Several east European governments have voiced…

…is positive, then the contribution is negative; and if the real import growth is negative, then the contribution is positive.) This is a product of failed policy at the Euro…

by Rebecca Wilder The ECB is Plugging Holes Today the ECB released its monthly data on monetary developments in the Euro area (EA), as measured by M3 and its components….

…Europe are stickier than what is needed to effectively drive the terms of trade via internal devaluation. Better put: downward pressure in European wages moves more like molasses than water;…

…and had a debt to GDP ratio lower than Germany’s. Italy had a primary surplus and declining debt to GDP ratio. Germany happens to be the one and only country…

by Linda Beale cross posted with Ataxingmatter Bank Tax: France, Germany and UK, but where’s the USA? On June 23, the big three Euro countries–France, Germany, and Britain–agreed to tax…