Thursday 17 May 2012

Author Archive: craigjameswilly

 

Draghi : L’équilibre budgétaire passe exclusivement par des réductions de dépenses

Posted by craigjameswilly on 27/02/12

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

Draghi: Balanced budgets to be achieved through spending cuts alone

Posted by craigjameswilly on 27/02/12

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

Posted by craigjameswilly on 17/02/12

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

Posted by craigjameswilly on 08/02/12

…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

Posted by craigjameswilly on 28/12/11

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

Posted by craigjameswilly on 14/12/11

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”?

Posted by craigjameswilly on 10/07/11

“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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