Showing posts with label euro periphery. Show all posts
Showing posts with label euro periphery. Show all posts
Sunday, February 24, 2019

24/2/19: Europe of Divergence: Euro and the Crisis Aftermath

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A promise of economic convergence was one of the core reasons behind the creation of the Euro. At no time in the Euro area history has thi...
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...
Thursday, September 28, 2017

28/9/17: Schauble: A Requiem For Austerity Finance

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My comment for yesterday’s NY Times on Wolfgang Schäuble’s departure from the Finance Ministry post: https://nyti.ms/2k5N2Er  
Wednesday, February 17, 2016

17/2/16: Another Germanic policy straightjacket

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My comment on the Germany's "Sages" proposal for sovereign bonds bail-ins rule for Portugal's Expresso:  http://expresso...
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...
Sunday, June 28, 2015

28/6/15: Grexit with Help: Hans Werner Sinn

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My favourite Bad Dude of German Economics, Hans Werner Sinn on Greek crisis: Orderly Grexit is, in my view, still more disruptive and...
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, October 4, 2014

3/10/2014: East Asian Crisis, European Disaster: Tale of Two Recoveries

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My post for Learning Signal blog on IMF report covering East Asian Crisis of the 1990s comparatives to the Euro area crisis 2007-present i...
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 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 ...
Thursday, August 14, 2014

14/8/2014: Euro Area Industrial Production H2 2014

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With stagnant GDP and falling inflation, Euro area is set back into the rot of economic crisis, not that you'd notice as much from the...
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, 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...
Wednesday, April 23, 2014

23/4/2014: Some scary reading from the Eurostat...

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Eurostat published full comparatives on key fiscal performance indicators across the EU and euro area for 2013. Here are three summary tab...
Thursday, April 3, 2014

3/4/3014: Latest Country Risk Updates: April 2014

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Latest updates to ECR Euromoney Country Risk scores (higher score implies lower risk): Two notable sets of changes: Russia and Ukr...
Wednesday, January 22, 2014

22/1/2014: 2013 - A Kinder Year for Peripheral CDS...

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2013 was a kind year for Irish CDS... but it was an even kinder one for CDS of the countries from which, allegedly, Ireland decoupled, e.g....
Wednesday, November 13, 2013

13/11/2013: That Feta Feeling... a quick reminder...

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Remember that Michael Noonan's gaffe about him missing feta cheese in the supermarket should Greece exit the euro back in 2012? Remind...
Thursday, October 17, 2013

17/10/2013: Budget 2014 Missing the Targets: Sunday Times, October 13

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This is an unedited version of my Sunday Times column from October 13, 2013. Recent events have led to a significant reframing of the ...