The first structural problem is preposterous labor work rules in Italy, Spain, and Greece. The second structural problem is the ECB and the euro itself. One size interest rate policy cannot possibly work in a mix of cultures and work rules.
Post Tagged with: "Ireland"
September 13, 2012 08:07
Why OMT Cannot Possibly Solve Anything; Monti Warns Italian Unions; Over 200,000 Jobs at Risk; Italy’s Insane Labor Rules
May 9, 2012 06:46
Farewell to ‘Europe’?
Needless to say, if Europe once again descends into the vortex of economic privation, religious and/or ethnic “cleansing” and possibly strife that has happened so often there, our own tranquility and prosperity will be jeopardized, as well.
April 16, 2012 04:49
Euro trouble again – Spain bond yields jump above 6%, raising bailout fears
Spain is suffering from a deep economic slump brought about by a bust in its property and construction markets. Unemployment is the highest in Europe, with a record 4.75 million out of work. Half of Spain’s under-25s are unemployed. – BBC News
April 12, 2012 04:26
Green Energy Produces Red Ink
All the European PIIGS [Portugal, Italy, Ireland, Greece and Spain] have tried [solar energy subsidies]– and the waste of taxpayer funds on failing green energy schemes is a major reason for their parlous financial state.
January 4, 2012 08:21
Eurozone leaders warn that a recession is coming. Yup: and whose fault is that?
The reason that the eurozone faces such hard times is that its leaders have decided to keep the single currency together at any cost. The coming recession is not some inexorable force of nature; it is a consequence of the policies being pursued by Merkozy, Monti, Barroso and the rest. – The Telegraph
July 8, 2011 06:39
The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse
The combination of huge amounts of debt and huge amounts of leverage is incredibly toxic, and that is what we have all over the globe today. Almost every major nation is drowning in a sea of red ink and almost all of our major financial institutions are leveraged to the hilt.
May 25, 2011 04:10
Gold and Dollar Pop on Euro Debt Crisis
85% of international investors recently surveyed by Bloomberg said Greece will probably default, with smaller majorities predicting Portugal and Ireland will do the same.
February 22, 2011 05:21
Spending Restraint, Part II: Lessons from Canada, Ireland, Slovakia, and New Zealand
Nations can make remarkable fiscal progress if policy makers simply limit the growth of government spending. This video, which is Part II of a series, uses examples from recent history in Canada, Ireland, Slovakia, and New Zealand to demonstrate how it is possible to achieve rapid improvements in fiscal policy by restraining the burden of government spending. Part I of the series examined how Ronald Reagan and Bill Clinton were successful in controlling government outlays — particularly the burden of domestic spending programs. www.freedomandprosperity.org
January 21, 2011 05:14
Irish government collapses – calls for new election
The Irish Government collapsed yesterday, with multiple ministerial resignations propelling Prime Minister Brian Cowen into setting 11 March as the date for a general election.
January 18, 2011 10:39
End of Euro? … Ireland Prints Own Notes
Irish Central Bank has been printing euros out of thin air to prop up its ailing banks. The whole of Europe will pay for this action, as the result will be increased euro-zone price inflation.
