Tag Archives: euro

Draghi : L’équilibre budgétaire passe exclusivement par des réductions de dépenses

Mario Draghi, le président de la Banque centrale européenne, a été appelé dans le magazine Foreign Policy « L’homme ennuyeux le plus important du monde ». En effet, dans le contexte actuel de crise financière et budgétaire, la BCE est peut-être l’institution … Continue reading

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Draghi: Balanced budgets to be achieved through spending cuts alone

Mario Draghi, president of the European Central Bank, has been called “The world’s most important boring man”. Indeed, in this context of financial-fiscal fiscal crisis, there is perhaps no more powerful institution in Europe than that which he heads. Its … Continue reading

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Eurocalypse 101: Three articles for understanding where we’re at

The eurozone crisis appears to be heading towards some kind of climax. Haven’t we heard this before? Like ahead of every eurosummit of past two years? While a truly “decisive” solution appears impossible almost by definition given the nature of … Continue reading

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ECB (finally) gets bashed in Spanish elections

The EU typically plays a minor role in Spanish electoral campaigns. However, El País reports that “the crisis has also upset this, and for the first time since the 80s, the Spanish campaign has begun with a clash between the … Continue reading

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Trichet’s troubling interest rate hike

So Jean-Claude Trichet, head of the European Central Bank, has decided to raise the Eurozone’s main interest rate for lending from 1% to 1.25%. The last increase was back in July 2008. Hikes to 1.75% are expected by the end … Continue reading

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“Homeopathic Economics”: Thoughts on the new E.U./U.S. economic figures and the Eurozone crisis

There’s been so much economic news recently it’s been hard to keep track of what going on, particularly because of the intense focus of catastrophic cases like Ireland and Greece. In order to help order my own thoughts, in this post … Continue reading

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Did Kohl Give Up the Deutsche Mark for East Germany?

Der Spiegel has a long, in-depth article covering Franco-German machinations on the eve of German Reunification. Specifically, it deals with an alleged “deal” between François Mitterrand and Helmut Kohl tying German unity to the abandonment of the Deustche Mark.  Everyone … Continue reading

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