Posts Tagged european debt crisis
Warning Hymn of the Tiger Economies
Posted by Stephen Clarke in Economics on 06/10/2011
It is not clear if David Cameron was really planning on telling ‘households – all of us’ to pay off ‘credit card and store card bills’ or whether he really just meant that in general ‘the only way out of a debt crisis is to deal with your debts’. Whatever Mr Cameron’s original intention, it would be worth politicians, at home and in Europe, thinking about the relationship between debt, spending and austerity.
Un- ‘Finnish’ business
Posted by Natalie Hamill in European Union on 24/08/2011
Greece’s second bailout package looks to be on the cusp of unravelling, as several member states are pushing for their own conditions in return for their bailout contributions. The ring leader, Finland’s new government, is proving a thorn in the side of the would-be Eurozone ‘fixers’, obstinately refusing to roll over and ‘play ball’ and leading others along the path of rebellion. The bailout package, agreed only last month, may well not be ready for Greece’s September payments and, after all the thrashing to try to stay afloat, Greece could finally go under.
Eurobonds – blue or red?
Posted by Stephen Clarke in Economics, Politics on 15/08/2011
In the Matrix Morpheus (Laurence Fishburne) asks Thomas A. Anderson or Neo (Keanu Reeves) –
You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes.
Soon investors could be offered both in the form of blue and red Eurobonds.
Between an economic rock and a political hard place
Posted by Stephen Clarke in Economics, Politics on 18/07/2011
One of the more interesting changes resulting from the financial crash and ensuing recession could be the way in which financiers seek to analyse future market movements: it could be a case of out with the economists and in with the politicians.