Category Archives: EU

Paul Krugman: Humorists At The European Commission


  The EC is many things, but I didn’t think of it as going in for self-mocking sarcasm. But the latest forecast is out; it predicts declining GDP and rising unemployment this year, stabilization next year (but we’ve heard that … Continue reading

Posted in EU, Paul Krugman | Leave a comment

Cameron Promises Referendum by 2017 on U.K. Leaving EU – Bloomberg


  Britain, the EU’s third-biggest economy, first applied to join the then European Economic Community in 1960. That step was vetoed by French President Charles De Gaulle. Tory Prime Minister Edward Heath restarted negotiations, and Britain joined in 1973. His … Continue reading

Posted in EU, Europe, EZ | 1 Comment

Paul Krugman: Ratings Disaster


Ratings Disaster, by Paul Krugman, in NY Times: Jonathan Portes has a righteous rant about Eurocrats talking to the wrong people — namely, rating agencies: These agencies have repeatedly been proved wrong; they have flawed and frequently conflicted business models; and … Continue reading

Posted in EU, Paul Krugman | Leave a comment

Paul Krugman: The Path Not Taken


The Path Not Taken, by Paul Krugman, in NY Times: Financial markets are cheering the deal that emerged from Brussels early Thursday morning. Indeed, relative to what could have happened — an acrimonious failure to agree on anything — the fact … Continue reading

Posted in EU, Euro, Paul Krugman | Leave a comment

Paul Krugman: More Grim Euro Thoughts


 More Grim Euro Thoughts, by Paul Krugman, in NY Times: It now appears that as of today European leaders have boldly agreed to … announce something or other later in the week. Meanwhile, a couple of thoughts. First, the grim news … Continue reading

Posted in EU, Euro, Paul Krugman | Leave a comment

Paul Krugman: Deck Chairs, Titanic


 Deck Chairs, Titanic, by Paul Krugman, in NY Times: OK, yes, European banks do need more capital. But their problems are a symptom of the underlying sovereign debt problem, which can only be resolved, if at all, with ECB lending AND … Continue reading

Posted in EU, Euro, Paul Krugman | Leave a comment

Paul Krugman: Fiscalization Watch


Fiscalization Watch, by Paul Krugman, in NY Times: A correspondent informs me that Wolfgang Schaeuble, the German finance minister, has just given a speech asserting that excessive public debt caused the 2008 crisis. In fact, I’m told, he said that … Continue reading

Posted in EU, Paul Krugman | Leave a comment

European Summit Statement Approved


Expansionary Austerity go on…

Posted in EU | Leave a comment

Paul Krugman: Eurozone debt crisis summit


1937! 1937! 1937!, by Paul Krugman, in NY Times: The Telegraph has a leaked draft of the eurozone rescue plan for Greece. The financial engineering is Rube Goldbergish and unconvincing. But here’s what leaped out at me: 9. All euro … Continue reading

Posted in EU, Paul Krugman | Leave a comment