Most economist agree on the causes of the repeated crises of the Eurozone but that explanation is not the one that many governments, and the European Commission, want you to believe. * The problems of the Eurozone – bank failures, sovereign debt crises and bailouts and above all a protracted recession and mass unemployment –… Continue Reading
Tag Archives: Euro
Getting money right
It must be puzzling and exasperating to the general public that economists still seem so clueless about perhaps the most important and central topic in economic policy, the money system. Yet a lot of economic news is about the problem of money – not having too little but the money system. The Fed has been… Continue Reading
New evidence on the causes of the Eurozone problems
While the US and UK economies are both recovering quite decisively from their post-crisis recessions, the Eurozone is not. And unemployment is at appalling levels in much of “peripheral” Europe, particularly for young people. Current macroeconomic policy consists of low interest rates from the European Central Bank (ECB) but nothing like the quantitative easing we… Continue Reading