Tag Archives: Angela Merkel

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

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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

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Eurozone, the Unraveling (I): A recession for Christmas

We’ve reached a new stage in EU history: the most significant exercise in federalism – the euro – has in its current form caused a double-dip recession. This is a tragedy and a perfectly avoidable one at that. This slow-motion … 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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Afrika Korps II: Merkel agrees in principle on troops in Libya

Angela Merkel has agreed in principle on the possibility of sending German troops as part of an EU force to Libya to provide humanitarian aid and protection. Our assorted commentators are enjoying this flip-floppery. See Jean Quatremer: In short, if … Continue reading

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Medvedev Defends, Europeans Assault “Multiculturalism”

On the one hand, I know the debate and the burial of “multiculturalism” is a false one, largely manufactured by the European center-right to supposedly prevent gains by the far-right and tax the center-left of dangerous naïveté and self-hatred. On the … Continue reading

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Helmut Schmidt on (Lack of) Leadership

Last June, Helmut Schmidt – the chain-smoking almost 92-year-old former Chancellor of (then West) Germany in the 1970s – reminded everyone he was still alive by chastising European national leaders for choosing “Mr Nobody” and “Mrs Nobody” to implement the … 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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