euro breakup Archive

Angry Irish Voters Ready to Exact Revenge

Notice that they are angry at the government, not the currency arrangements, as previously discussed. What’s saving the euro is that it’s not intuitively obvious that the currency arrangements could possibly be part of the problem. Rates are low, there’s relatively little inflation, and and the foreign exchange value is reasonably strong ...Read More

euro update and why no one is leaving (yet)

As before, all that’s been done in euro land is highly deflationary. No new euro will be spent by any govt as a result of the latest goings ons. In fact, it’s more austerity. And the ECB continues to do just enough to keep it all muddling through (including dictating that the ...Read More