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Monthly Archives: February 2012
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
Posted in article, En français
Tagged ECB, euro, Mario Draghi, social democracy, supply-side
2 Comments
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
Posted in article, eurozone series
Tagged ECB, euro, Mario Draghi, social democracy, supply-side
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The Economist discovers life not fair
The leading magazine of the global politico-economic elite – The Economist – has an article on the recent controversy over bankers’ pay warning of “The death of meritocracy”. I guess it’s noteworthy for this normally laissez-faire capitalist publication to recognize inequality … Continue reading
Posted in article, United Kingdom
Tagged class, Great Britain, inequality, meritocracy, The Economist
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Eurostat: Eurozone debt actually decreasing
…last year. Between June and September 2011, the debt of eurozone governments as a percentage of GDP fell from 87.7% to 87.4%. The recovery’s combination of GDP growth, rising revenue, and falling unemployment meant debt was falling at an annualized … Continue reading
Posted in article, eurozone series
Tagged Angela Merkel, ECB, euro crisis, Germany, Italy, Jean-Claude Trichet, Mario Draghi
2 Comments
Raymond Aron on Europe, Israel, and dual loyalty
Raymond Aron, it is no secret, is my favorite French intellectual of the twentieth century. He was not a Great Philosopher, nor did he create an all-encompassing system, but I think if one had to read one single author to … Continue reading
Posted in essay, Famous People on Europe
Tagged European identity, European Union, France, Israel, Jews, Muslims, Raymond Aron
6 Comments
German official ‘simply doesn’t understand’ rest of world
Gideon Rachman of the FT has great run-down of his recent conversations with German officials and diplomats. There is considerable impatience with the Davos-led, Lagarde-Cameron-Geithner line that Germany has to throw more money at the problem, by building a bigger … Continue reading
Eurozone, the Unravelling (III): The Fake Jobs & Growth Plan
I’ve been reading Molly Ivins so I almost put “like heartless, dumb bastards” but that wasn’t quite in keeping with the style of the publication: Was it the fact that both the IMF and the World Bank warned that the … Continue reading
Posted in article, eurozone series
Tagged Angela Merkel, ECB, eurozone crisis, recession, unemployment, Yes Minister
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