Tag Archives: eurozone

Yes Minister on British Diplomacy

It’s been a couple weeks since UK Prime Minister David Cameron rejected the call for a new EU “fiscal compact.” Cameron’s essential beef was that he didn’t want to subject British institutions to the kind of fiscal oversight from Brussels … Continue reading

Posted in economics, europe, politics | Tagged , , , | Leave a comment

More Reasons Not to Take Advice from Goldman Sachs

Over at Zerohedge, Tyler Durden has an amusing piece on why it’s probably not advisable to follow the public pronouncements of Goldman Sachs. Recently, Goldman raised its rating of many European bank stocks from “underweight” to “neutral,” which enabled it, … Continue reading

Posted in a life trainer for extraordinary circumstances, economics, europe, US | Tagged , , | 1 Comment

New Trends in International Trade

A new infographic from The Economist neatly shows the inversion taking place in the customary trade relationship between developed and developing countries (if such terms even still apply). It also shows the likely way developed countries will try get out … Continue reading

Posted in economics, world | Tagged , , | 1 Comment

More on Core and Periphery

Maps like this make visualizing the core-periphery problems in the eurozone pretty fun. The problem is, while this map (accessible here) is sweet for understanding certain regional trends, it’s counter-productive in many other ways – it leads you to see … Continue reading

Posted in economics, europe | Tagged , , , , | Leave a comment

Perfidous Albion: Cameron might not have made an incorrect move

Last week at the much-anticipated EU summit in Brussels, UK Prime Minister David Cameron both rejected the call for EU treaty revision and opted to stay out of the proposed new treaty, or “fiscal compact,” that most other EU members … Continue reading

Posted in economics, europe, politics | Tagged , , , , | 1 Comment

Nixon was Funny: and Why the US should Care about Events in Europe

Although President Obama and the US Federal Reserve are clearly worried about how the continuing debt crisis in the eurozone might impact the US market, past American presidents have assumed a more insouciant attitude toward European monetary issues. I’m currently … Continue reading

Posted in economics, europe, US | Tagged , , | Leave a comment

Privileging Political Parties above Experts

If the technocracy currently taking over the EU makes people uneasy, perhaps reflecting on Peter Mair‘s comments would help lift the unease. Mair wrote a great paper entitled Representative versus Responsible Government that examines some of the problems democracies presently … Continue reading

Posted in economics, europe, politics | Tagged , , , | 1 Comment