Category Archives: Wolfgang Münchau

Week 27, 2013, further reading


Rationality and the Euro by Paul Krugman, NYT ———————————————————— Austerity Won’t Work if the Roof Is Leaking by ROBERT H. FRANK, NYT ———————————————————— Nobody Pays Any Attention To What I Say by Paul Krugman, NYT ———————————————————— E Pluribus Unum by Paul Krugman, NYT ———————————————————— … Continue reading

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Week 26, 2013, further reading


The Always-Wrong Club by Paul Krugman, NYT ———————————————————— Careless talk may cost the economy by Martin Wolf, ft.com ———————————————————— Florida Versus Spain, An Update by Paul Krugman, NYT ———————————————————— Nova SBE is once again the sole Portuguese school in the FT Finance ranking We … Continue reading

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Week 25, 2013, further reading


Profits Without Production by Paul Krugman, NYT ———————————————————— Rents and Returns: A Sketch of a Model (Very Wonkish) by Paul Krugman, NYT ———————————————————— Reform of British banking needs to go further by Martin Wolf, ft.com ———————————————————— A Potentially Tragic Taper by Paul Krugman, NYT … Continue reading

Posted in Europe, Further reading, HomeWork, Links, Martin Wolf, Paul Krugman, Wolfgang Münchau | 1 Comment

Paul Krugman: The Macroeconomics of European Disunion


  Wolfgang Münchau makes a point that isn’t new, but still gets overlooked too often: the euro area is, for practical macroeconomic purposes, a single unit — and one that doesn’t really do all that much trade with the rest … Continue reading

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Wolfgang Münchau: The riddle of Europe’s single currency with many values


  … In a monetary union, adjustment can only occur through though real movements in wages and prices. Since Germany is not inflating, and is not likely to inflate in the future, I see no chance of that happening, even … Continue reading

Posted in EZ, FT.com, Wolfgang Münchau | 2 Comments

Wolfgang Münchau: The case for a grand coalition in Italy


  There was a symbolic moment in the Italian elections when I knew that the game was up for Mario Monti, the defeated prime minister. It was when in the middle of the campaign – in the midst of an … Continue reading

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Wolfgang Munchau: Austerity obstructs real economic reform


  In or out of exactly what, one may ask? What, exactly, is reform? Growing up in Germany in the 1960s and 1970s, I recall Willy Brandt, West Germany’s chancellor during some of those years, talking endlessly about reforms. For … Continue reading

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Wolfgang Münchau: Ireland shows the way with its debt deal


  Rescheduling of promissory notes is monetary financing in all but name Everybody seemed to be talking about monetary financing of debt last week – the ultimate taboo in monetary policy. And hidden behind a veil of unbelievable complexity, the … Continue reading

Posted in FT.com, Wolfgang Münchau | Leave a comment

Wolfgang Münchau: The eurozone crisis is not finished


  The most important signal sent by the unilateral legislation in France and Germany is the lack of political will to sort out the banking mess, which is at the heart of the eurozone crisis. Instead, governments are seeking refuge … Continue reading

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Wolfgang Münchau: Euro and trade will make EU irrelevant – FT.com


  Mr Cameron’s referendum is the inevitable conclusion of a process that started 20 years ago with the UK’s opt-out of the euro. The refusal to join the single currency is the cause that will end up driving the UK … Continue reading

Posted in FT.com, Wolfgang Münchau | 1 Comment