Europe
Here is the collection of articles related to European Economy
Economy, Europe. 5 June, 2012, 1:34
Grexit is costly, but that doesn’t mean it’s impossible
The fact that a Greek exit is disastrous doesn’t appear to be a sufficiently powerful reason to justify that Grexit will not happen.
Economy, Europe. 4 June, 2012, 2:02
Charts: Eurozone sectoral balances, periphery vs. core
Here are some charts of how the sectoral balances of a number of countries in the eurozone evolved prior and during the euro crisis.
Economy, Europe. 4 June, 2012, 1:24
The n-th discussion of why austerity makes matter worse for Europe
The analysis shows that growth is a major factor in explaining periphery vs. core yields, and growth makes debt reduction much easier.
Economy, Europe. 3 June, 2012, 16:24
George Soros on the political bubble of the European Union
George Soros talks about the bubble of European integration, and that Germany and the Bundesbank have 3 months time to save Euro.
Economy, Europe. 1 June, 2012, 17:24
Chart: Euro area unemployment rate at 11.0% in April 2012
Euro area unemployment remains stable at the euro era high of 11.0%, while unemployment rate rise in Italy.
Economy, Europe. 31 May, 2012, 11:30
Italy’s recession is getting really BAD
While all eyes are now on Spain’s banks recapitalisation and Greek election, Italy’s recession is getting really severe.
Economy, Europe. 29 May, 2012, 21:57
Greece is already out of the Eurozone in all but name
Trading partners of Greece are treating Greece as if it were already not part of the European Monetary Union.
Economy, Europe. 28 May, 2012, 11:38
What fiscal union and joint euro bond entail
Eurobond and fiscal union imply that surplus countries will have to “subsidise” deficits country, practically forever.
Economy, Europe. 25 May, 2012, 16:22
Chart: Internal vs. External Devaluation
Internal devaluation or austerity is much more painful for average citizens than external devaluation or currency depreciation.
Economy, Europe. 24 May, 2012, 16:10
French, German flash manufacturing PMIs and German IFO miss estimates
French and German flash PMIs, Eurozone flash PMI and German IFO Business Climate Index all missed estimates.
Economy, Europe. 24 May, 2012, 15:34
Countdown begins: Grexit on 1 January 2013, according to Citi
Willem Buiter of Citi is now predicting a specific date for the Greek exit of the Eurozone (Grexit): 1 January 2013.
Economy, Europe. 24 May, 2012, 11:44
Self-fulfilling prophecy: Grexit edition
EU finance ministries were asked to draw up contingency plans for Greek exit, although it was later denied.
Economy, Europe. 23 May, 2012, 17:25
What can you do with 46 hours?
If Greece is to leave the Eurozone, it has 46 hours: from the close of trading to New York on Friday night to Asian market opening next week.
Economy, Europe. 23 May, 2012, 15:07
Euro crisis, balance-of-payment, and TARGET2
Euro crisis is not simply a debt crisis and/or a banking crisis. Behind it, it is actually similar to an old-fashioned balance-of-payment problem.
Economy, Europe. 23 May, 2012, 0:06
Watch: A restaurant in London is asking customers to pay in Drachma
A Greek restaurant in London is inviting customers to pay in drachma according to Bloomberg’s report.
Economy, Europe. 22 May, 2012, 23:41
Greek ELA growth poses increasing risks for the Eurosystem
Greek banks’ increasing reliance on the emergency liquidity assistance (ELA) is posing increasigly serious risks for the rest of the Eurozone.
Economy, Europe. 21 May, 2012, 15:58
Chart: Greece’s slow motion bank run, a.k.a. bank jog
The chart shows that Greek banks’ deposits have been falling slowly but steadily since 2010.
Economy, Europe. 21 May, 2012, 14:52
European bank runs and failure of Credit-Anstalt in 1931
The failure of Credit-Anstalt in 1931 triggered a banking crisis across Europe, with bank runs, exchange control, and Britain being forced off gold.
Economy, Europe. 18 May, 2012, 22:38
The longer the wait, the more costly the Grexit will become
Time is not on the Eurozone’s side, and the costs of Grexit will probably be much higher than German reunification.
Economy, Europe. 18 May, 2012, 19:55
Counting down Grexit: money printer preparing to print drachma
EU and ECB are said to be drawing up contingency plans should Greece leaves Euro, while money printer is gearing up to print drachma.