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This post was originally published at A Fistful of Euros
Well, as reported over the weekend on this blog, the EU Commission did in fact demand “more sacrifices” from the Greek people, and in the end Prime Minister Papandreou had to make a last minute TV appearance to explain to his incredulous listeners that the time [...]

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This post was originally published at A Fistful of Euros.
According to Spain’s Instituto de Crédito Oficial (ICO) the ICC-ICO (consumer confidence index) went up in January by 6.1 points from its December value and is now at its highest level since August 2009. This confidence improvement is largely due to a significant rise in the [...]

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This is a post which was originally published at A Fistful of Euros.
José Luis Rodríguez Zapatero, Spain’s prime minister, said in Davos this week: “We are a serious country and we will fulfil our promises.”

With these words Spain’s Prime Minister sought, during [...]

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The eurozone’s manufacturing sector is growing at its fastest pace in two years.  However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of competitiveness in Greece, Spain and Ireland.
The eurozone manufacturing purchasing manager’s index came in at 52.4 for [...]

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The Absolute Return Letter, February 2010
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for [...]

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This is a post which was originally published at A Fistful of Euros.
“British or German taxpayers cannot finance the failures of others,” German Economy Minister Rainer Bruederle said at the World Economic Forum in Davos, Switzerland, according to the Associated Press. “Solidarity also means everybody adheres to common rules.”

France is not working with Germany [...]

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Edward Hugh here. This is a post which was originally published at A Fistful of Euros.
Well, the Spanish government are due to announce their 2009 fiscal deficit number this morning, together with their adjustment plan for reducing the annual fiscal deficit to below 3% of GDP by 2013. This rather distasteful news will be presented [...]

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Edward Hugh here. This is a post which was originally published at A Fistful of Euros.
Sometimes it surprises me what some people consider to be news. Tony Barber points out today in the FT Brussels blog that the EU has the power to mount bailouts of any member country under “exceptional circumstances”. As Tony rightly [...]

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Marshall Auerback here again.  A lot of good questions surrounding my piece on the euro. Many of them seem to revolve around the issues of why the euro gets weaker when national governments deficit spend, and the issue of whether my proposal is legally compliant with the Treaty of Maastricht.  On the latter point, I [...]

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This is a post which I originally published at New Deal 2.0.
Ed mentioned earlier today in the links that I was going to post to add some variety to the discussions at Credit Writedowns. So, here is an article on Spain and the EU which demonstrates deficit terrorism in action – coming soon to a [...]