Category Archives: EU

today’s observations

Not much sign of any move towards higher deficits today. Just talk of more bank liquidity, which doesn’t matter, and more to weaken the euro, which doesn’t work either. Hard to say why the euro has been going down, but … Continue reading

Posted in Banking, Currencies, EU |

Time to say goodbye? Schauble Calls on Italy to Pursue Structural Reform

Schäuble Calls on Italy to Pursue Structural Reform By Andrea Thomas July 16 (WSJ) — German Finance Minister Wolfgang Schäuble called on Italy to pursue its ambitious structural reform efforts if it wants to boost its economic-growth prospects. “Especially since … Continue reading

Posted in Currencies, EU, MMT, Proposal |

concern over euro strength

As previously discussed, the ‘missing piece’ from the standard export model is buying the currency of your target market, as Germany used to do, and as the EU can’t do for ideological reasons- they don’t want to give the appearance … Continue reading

Posted in Currencies, EU |

A few comments on overnight news

The threshold may be high but there is one somewhere up there: Fed should be ‘very patient’ in cutting stimulus: Rosengren (Reuters) The high number of part-time workers who would rather work full-time, the still-high unemployment rate, and very low … Continue reading

Posted in Currencies, Economic Releases, Emerging Markets, Employment, EU, Housing |

The newly appointed Italian “Ministry of the Economy” had said…

truly insulting! The euro zone is at risk of snatching defeat from the jaws of victory by abandoning efforts to cut budget deficits and fix long-standing economic problems. The growing perception that austerity has been futile is incorrect. Fiscal consolidation … Continue reading

Posted in EU, Government Spending |

German consumption vs EU consumption

Shows how German consumption used to grow a bit more than the EU overall, then switched to a bit more growth, and may now be converging with no growth. Full size image

Posted in EU, Germany |

EU to share costs of closing banks

Just what they need, another tax: Under the proposal, the costs of closing down a bank in the first year of operation would be fully covered by a fund set up by the home country where the bank resides. Such … Continue reading

Posted in EU |

Kfw story from bill mitchell

The fiscal role of the KfW By Bill Mitchell

Posted in Banking, EU, Germany, Government Spending, MMT | Tagged , |

Morgan Stanley on eu

German IFO, GDP & Eurogroup: After last month’s drop to 107.4, MS Research expects the IFO business climate to decline by further 0.4 points to a reading of 107.0 in November. They would expect both business expectations for the next … Continue reading

Posted in EU, Germany |

eu paper on fiscal

Fiscal consolidations and spillovers in the Euro area periphery and core

Posted in EU, Government Spending |