Patience snaps in Portugal
Nobody can accuse Portugal’s free-market government of failing to try. Premier Pedro Passos Coelho has gone beyond the demands of the EU-IMF Troika under the terms of Portugal’s €78bn loan package,...
View ArticleBelieve it or not, it might be time to invest in Europe
Believe it or not but it might be time to consider investing in continental Europe. Because the first step toward making a profit is to buy low, the best time to buy shares is when you least feel like...
View ArticleThe German bloc will have to take its bitter medicine in Greece
Every detail of the Greek economy is worse than officially forecast just weeks ago. The budget unveiled this morning estimates that public debt will reach 189pc of GDP next year (not 179pc). The budget...
View ArticleA new dawn for Greece? Would it were so
What with the Mark Carney appointment, last night's late breaking news on a deal to allow the release of further bailout funds for Greece got somewhat lost in the wash. "Tomorrow, a new day starts for...
View ArticleHow to beat the new prohibitionists and stealth tax
Calls for a complete ban on alcohol advertising in the British Medical Journal today have been described as “draconian” by the Institute of Economic Affairs. Christopher Snowden, a fellow of the...
View ArticleMore Barroso bombast
It's no longer new to say the European Commission has its head buried in the sand over what to do about the eurozone crisis, but lest you thought that just maybe reality was beginning to dawn, up pops...
View ArticleDebunking austerity claims makes no difference to Europe's monks and zealots
Yet another pillar of the austerity edifice has crumbled. As many readers will have seen, fresh research has refuted the famous Reinhart-Rogoff paper showing a cliff-edge fall in growth to minus 0.1pc...
View ArticleThe Spanish perspective
Here is my answer to those many critics on this comment thread convinced that my view of Europe's EMU catastrophe is somehow an Anglo-Saxon or Little Englander or – for that matter – a Right-wing...
View ArticleItaly floated plans to leave euro in 2011, says ECB insider
So, we now know: Silvio Berlusconi seriously floated plans to pull Italy out of the euro in October/November 2011, precipitating his immediate removal from office and decapitation by EMU policy...
View ArticleMy grovelling apology to Herr Schäuble
German Finance Minister Wolfgang Schäuble has been vindicated. For my part, I have been wrong about everything. German discipline policies for the eurozone have been a tremendous success. I am ashamed...
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