Mario Draghi, le président de la Banque centrale européenne, a été appelé dans le magazine Foreign Policy « L’homme ennuyeux le plus important du monde ». En effet, dans le contexte actuel de crise financière et budgétaire, la BCE est peut-être l’institution … Continue reading →
Author Archive: craigjameswilly
Website: http://euroletters.wordpress.com
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Draghi : L’équilibre budgétaire passe exclusivement par des réductions de dépenses
Draghi: Balanced budgets to be achieved through spending cuts alone
Mario Draghi, president of the European Central Bank, has been called “The world’s most important boring man”. Indeed, in this context of financial-fiscal fiscal crisis, there is perhaps no more powerful institution in Europe than that which he heads. Its … Continue reading →
The Economist discovers life not fair
The leading magazine of the global politico-economic elite - The Economist – has an article on the recent controversy over bankers’ pay warning of “The death of meritocracy”. I guess it’s noteworthy for this normally laissez-faire capitalist publication to recognize inequality … Continue reading →
Eurostat: Eurozone debt actually decreasing
…last year. Between June and September 2011, the debt of eurozone governments as a percentage of GDP fell from 87.7% to 87.4%. The recovery’s combination of GDP growth, rising revenue, and falling unemployment meant debt was falling at an annualized … Continue reading →
Eurozone, the Unraveling (II): EU/euro support collapses across entire continent
One of the great underreported stories of the eurozone crisis has been the incredible damage it has done to the reputation of Europe, the EU and indeed the European ideal itself. This has occurred independent of the country in question’s … Continue reading →
Eurozone, the Unraveling (I): A recession for Christmas
We’ve reached a new stage in EU history: the most significant exercise in federalism – the euro – has in its current form caused a double-dip recession. This is a tragedy and a perfectly avoidable one at that. This slow-motion … Continue reading →
In Defense of Decadent Europe: Is it “the best place on Earth to be born”?
“The European Union is great. It is the best place on Earth to be born and to live your life.” – Prime Minister of Poland Donald Tusk, 1 July 2011 For those of us involved in European affairs, it has … Continue reading →
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