Showing posts with label Portugal. Show all posts
Showing posts with label Portugal. Show all posts
Tuesday, February 5, 2019

5/2/19: The Myth of the Euro: Economic Convergence

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The last eight years of Euro's 20 years in existence have been a disaster for the thesis of economic convergence - the idea that the c...
Wednesday, May 4, 2016

4/5/16: Canaries of Growth are Off to Disneyland of Debt

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Kids and kiddies, the train has arrived. Next stop: that Disneyland of Financialized Growth Model where debt is free and debt is never too...
Saturday, November 14, 2015

14/11/15: My Comment on Portuguese Political Crisis

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Two comments from myself on the topic of Portugal's political crisis effect on country macroeconomic and fiscal positioning: http://e...
Sunday, October 25, 2015

25/10/15: Mess in Lisbon: Democracy is Complicated...

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What on Earth is going on in Portugal? Here are some views: 1) By Ambrose Evans-Pritchard, the headline that says most of it: “Eurozone ...
Sunday, October 18, 2015

18/10/15: Is Ireland a Euro Periphery Outlier? Some Historical Data

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How unique is Ireland within the club of euro peripheral countries? Well, historically, rather unique. Alas, sometimes for the reasons not...
Wednesday, April 1, 2015

1/4/15: H-W Sinn "Europe’s Easy-Money Endgame"

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A very interesting op-ed by Professor Hans-Werner Sinn of German Ifo Institute for Project Syndicate:  http://www.project-syndicate.org/co...
Saturday, December 27, 2014

27/12/2014: Geography of the Euro Area Debt Flows

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The debate about who was rescued in the euro area 'peripheral' economies banking crisis will be raging on for years to come. One i...
Friday, December 26, 2014

26/12/2014: Advanced Economies: Public Debt Explosion 2008-2014

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Some interesting insight into the legacy of the Great Recession that we are carrying over into 2015. From the start of 2008 through 2014: ...
3 comments:
Wednesday, October 1, 2014

1/10/2014: That Exports-Led Recovery... in Germany

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And a Scary Chart of the Day prize goes to @IanTalley who produced this gem: That's right, Germany is now officially producing mor...
Friday, September 26, 2014

26/9/2014: Those Fabled Euro Area Structural Reforms: Greece, Spain, Portugal & Italy

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EU Commission has published some interesting research on structural reforms in Italy, Spain, Portugal and Greece (strangely, no Ireland or ...
Saturday, August 23, 2014

23/8/2014: Labour Costs and Euro area's myth of 'productivity' gains

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Looking back at July 2014 IMF Article 4 paper on Euro area (most of which I covered back when it was published), here is an interesting ch...
Saturday, August 16, 2014

16/8/2014: Three Charts of Euro Area's Abysmal Growth Performance

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Few charts to summarise the continued problems with growth in euro area and the 'peripheral' states: First, consider changes in ...
Sunday, August 10, 2014

10/8/2014: Can EU Rely on Large Primary Surpluses to Solve its Debt Problem?

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Another paper relating to debt corrections/deflations, this time covering the euro area case. " A Surplus of Ambition: Can Europe Rel...
Saturday, August 9, 2014

9/8/2014: Europe's bank risks back under the spotlight: ECR

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Euromoney Country Risk report this week is covering rising risks in the European banking systems, with a brief comment from myself: A...
Saturday, July 19, 2014

19/7/2014: Global Innovation Index 2014: Ireland vs 'Periphery'

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In the previous post I gave detailed breakdown of Ireland's performance in Global Innovation Index 2014. I used small open economies ...
Sunday, July 13, 2014

13/7/2014: Up, Down the Current Account Ladder

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For quite some years now, Irish Governments have been keen promoting Ireland's 'unique' external balances performance that, al...
Friday, July 11, 2014

11/7/2014: My comment on Greek and Portuguese bonds pressures

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Portugal's Expresso on Greek and Portuguese bond yields with my comment: here . My full comment in English: In my view, we are see...
Sunday, June 29, 2014

29/6/2014: What a Difference a Year of ECB Activism Makes...

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Mapping decline in CDS and implied probabilities of default for Euro area 'peripherals' over the last 12 months: Largest decli...
Saturday, June 28, 2014

28/6/2014: Is S&P Behind the Curve on Portugal and Spain?

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Euromoney Country Risk report is profiling S&P ratings on Portugal and Spain, with a comment from myself: here . If you can't ac...
Saturday, June 21, 2014

21/6/2014: IMF 'Waived' Sustainability Requirement in Lending to Euro Area Countries

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IMF paper, published yesterday now fully admits that the Fund has 'waived' its own core requirements for lending under the core ...
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