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Again, and again, they say: leave the euro January 31, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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This is in Greek and it states that the chairman of the supervisory board of Commerzbank Peter Miler has stated that Greece should exit the euro.

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Neville Chamberlain was Right January 31, 2012

Posted by proeconomia in Fiscal policy, Main, On the crisis, Opinion.
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It ain’t about the WWII premier! Have a look at the arguments of J. Bradford DeLong @ Berkeley, sure Keynesian, but it addresses some facts about the UK austerity program that are hard to beat.

German Unemployment Declines More Than Forecast to Two-Decade Low!!! January 31, 2012

Posted by proeconomia in Fiscal policy, Main, On the crisis, Opinion.
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Oh yeah, this is a two-speed European crisis! Read the whole thing from Bloomberg, however to get the full picture: one the one hand unemployment falls and business sentiment improves and on the other they cite a number of structural reasons to be cautions. However, the key concept is this: ” Germany’s economic expansion has helped soften a slowdown across the region as companies boost output and hiring to meet export demand.”

A lot of “food for thought”! January 31, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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Now, we know what the issues are but we need more arguments and reflection. So, here is a whole bunch of good commentaries on several issues. As usual, you should be reading the readers’ comments to see how others respond to what is being told and cross-compare with your views. Here we go:

 

(1) Two articles on UK fiscal austerity: the original argumentation from Paul Krugman and the response on Bloomberg View.

(2) Arguments in favor and against income inequality, a must read of both. Here are the arguments in favor and here are the arguments against it.

(3) A number of slides on the European crisis from Paul Krugman – these you should see and think even if you do not agree with the man.

 

EU Nears Confrontation Over Greek Rescue January 31, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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Not really, but here is the article from Bloomberg.

An economy crumbles January 30, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.
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From the Economist, sent by our colleague Henry Thomson @Auburn. It is becoming tiring to discuss this matter again and again, but feel free to comment on it.

Lessons from our neighbors January 30, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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Here is an article from the German edition of the Financial Times, an interview from the newly elected president of Bulgaria. Read it to form your own opinion.

Something different January 30, 2012

Posted by proeconomia in Main, Opinion, Science and technology, Trade.
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To get away from all the economic news, here are two different opinion articles. In this one Jagdish Bhagwati @ Columbia, writes about the issue of “drain-brain” with focus on developing countries. In this one from Bloomberg we have a commentary about the recent announcement of Apple to enhance its iPad with facilities to include textbooks, but the article has more info about the cost and treatment of college textbooks.

Germany wants Greece to give up budget control January 28, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis.
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So says Reuters and the Financial Times (see also here and here – the last one’s Greek). The game is becoming very interesting, (although it is true that not all structural reforms that were promised from us have been implemented up to date)! In the end its our actions that define the reactions…we should be thinking about our economic and political system first, same thing as with the tax evasion problem…

The Eurozone’s Strategy of Pain January 27, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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An interesting article from Project Syndicate, emphasizing the (obvious) need for growth along with the fiscal measures being taken in the EU periphery.

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