If you’re following loosely European economics and politics, you might be mistaken into thinking the crisis is over, Spain and Ireland are nearly out of the recession, Greece is showing better than expected figures, at least according to its prime … Continue reading
Posted in European Union, Opinion Tagged Angela Merkel, Austerity, Bailout, Bond Crisis, Budget Deficit Reduction, Crisis, Debt, ECB, Economics, Emerging Markets, Europe, France, Germany, Hollande, Jacques Sapir, Pierre Gattaz, Quantitative Easing, Stock Market
Things are not going so good for Francois Hollande, Paul Krugman’s recently declared hero. After S&P’s downgrade of France’s credit rating, his authority is contested in nearly every social body, from peasants to entrepreneurs. Even within the French socialist party, … Continue reading
Posted in Opinion, Policy Tagged Budget Deficit Reduction, Debt, Economics, Europe, fiscal revolt, Fiscal Stability, France, François Hollande, Krugman, Public Spending, Revolt, S&P, Tax, Welfare-State
The famous liberal political economist Paul Krugman published a series of blog posts accusing S&P French downgrade to be a political step. Last week, S&P downgraded the French solvency rating from AA+ to AA, a relatively solid notation, but not … Continue reading
Posted in Economics & Finance Tagged Debt, Downgrade, France, Germanophobia, Germany, Hollande, Keynesianism, Krugman, Melvyn Krauss, Merkel, Paul Krugman, S&P, Stiglitz, U.S Treasury, Welfare-State
Austerity debate refereed Glad to see other rational economists are on the same line with my last blog post. Get The Big Picture? The debate is not about statistics and figures, it is about context and perspective.