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Eurozone economy enters deflation
Eurozone economy enters deflation In spite of all the warnings and the predictions to the contrary, the eurozone economy slipped into deflation in December, according to estimates published by Eurostat today (7 January). It estimated that inflation in the eurozone in December was -0.2%, dragged down in particular by falling oil prices. Energy costs fell by […]
Operation Helicopter: Could Free Money Help the Euro Zone?
Operation Helicopter: Could Free Money Help the Euro Zone? It sounds at first like a crazy thought experiment: One morning, every resident of the euro zone comes home to find a check in their mailbox worth over €500 euros ($597) and possibly as much as €3,000. A gift, just like that, sent by the European Central […]
Samaras Warns of Euro Exit Risk as Greek Campaign Starts
Samaras Warns of Euro Exit Risk as Greek Campaign Starts Greece’s political parties embarked on a flash campaign for elections in less than three weeks that Prime Minister Antonis Samaras said will determine the fate of the country’s membership in the euro currency area. Samaras used a Jan. 2 speech to warn that victory for […]
UK’s Cameron will move EU referendum forward if possible | Reuters
UK’s Cameron will move EU referendum forward if possible | Reuters. (Reuters) – Prime Minister David Cameron said on Sunday he would like to bring forward a planned referendum on Britain’s membership of the European Union from 2017 if possible. Under pressure from Eurosceptic members of his own party and the rise in popularity of […]
Peak Irony in No-Exit Union: As Grexit Chaos Resurges, Lithuania Joins
Peak Irony in No-Exit Union: As Grexit Chaos Resurges, Lithuania Joins On January 1, 2015, the Eurozone quietly welcomed a new member, Lithuania, to its fold. The former Soviet satellite became the 19th EU Member State to have joined the increasingly beleaguered currency union. According to an opinion poll conducted by Berent Research Baltic on […]
A statement full of Keynesian fallacies – Ludwig von Mises Institute Canada
A statement full of Keynesian fallacies – Ludwig von Mises Institute Canada. From today’s Open Europe news summary: Draghi: ECB ready to initiate QE to counter low inflation In an interview with Handelsblatt, ECB President Mario Draghi warned that persistently low inflation in the Eurozone meant that “the risk that we do not fulfill our mandate […]
BBC News – Europe in 2015: A year of insecurity
BBC News – Europe in 2015: A year of insecurity. For Europe, 2015 will witness another attempt to reach a place of safety. For the past two years European officials and leaders have declared the economic crisis over. In the past six months a sense of foreboding has returned. The dangers are not the same […]
Greek election uncertainty fuels concerns over eurozone stability | World news | The Guardian
Greek election uncertainty fuels concerns over eurozone stability | World news | The Guardian. Early elections with the potential to destabilise the eurozone could be called in Greece next year, after the country’s 300 MPs failed to elect a president in their first round of voting. In a ballot of MPs that disappointed government officials, […]
EU Countries Granted the Right to Ban GMO Crops | Environment News Service
EU Countries Granted the Right to Ban GMO Crops | Environment News Service. A political agreement on new legislation to allow EU member states to restrict, or ban, the cultivation of crops containing genetically modified organisms, GMOs, on their own territory, even if it is allowed at EU level, was reached by Parliament and Council […]
Europe: Is the Union over? – Head to Head – Al Jazeera English
Europe: Is the Union over? – Head to Head – Al Jazeera English. “There has been no unelected prime minister in Europe. We are not banana republics. We are democracies,” argues Viviane Reding, the former vice president of the European Commission and fierce defender of the European Union. But are European institutions truly democratic? And […]
Not Just The Franc Showing Euro Concerns | Alhambra Investment Partners – We Are Different.
Not Just The Franc Showing Euro Concerns | Alhambra Investment Partners – We Are Different.. With Europe reporting GDP, reactions have been somewhat varied. In some places, it was taken as not as bad as feared, while others were downright cheered by a lack of total collapse, as if that is now the standard for […]
The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now
The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now. How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You might think that […]
Errors Found In The ECB’s “Confidence-Boosting” Stress Test | Zero Hedge
Errors Found In The ECB’s “Confidence-Boosting” Stress Test | Zero Hedge. Just when you thought the humor out of the central bank that just released a stress testwhose adverse scenario did not even assume the most likely Eurozone outcome, i.e., deflation, couldn’t get any better, moments ago we learned that the test, which was supposed to […]
The Mother of all Jobs in the EU | Wolf Street
The Mother of all Jobs in the EU | Wolf Street. Ironically, the more Eurocrats try to integrate the EU through imposition of fiscal, monetary, banking, and political straitjackets, the closer the Union comes to disintegration. By Don Quijones, freelance writer, translator in Barcelona, Spain. Editor at WOLF STREET. Mexico is his country-in-law. Raging Bull-Shit is his modest attempt […]
The Scariest Number Revealed Today: $1.114 Trillion In Eurozone Bad Debt | Zero Hedge
The Scariest Number Revealed Today: $1.114 Trillion In Eurozone Bad Debt | Zero Hedge. As we previously reported, the ECB’s latest stress test was once again patently flawed from the start. Why? Because as we noted earlier, in its most draconian, “adverse” scenario, the ECB simply refused to contemplate the possibility of deflation. And here’s why. Buried deep […]
