Here is depression for you. Depression is what unemployment creates. Beyond the wall, somebody must listen and care for these people. Economic policy for growth not for austerity. Ecco cosa fanno le recessioni. Disoccupazione. E depressione. Non si fanno manovre … Continue reading →
So here we go, Euro 2012 has selected which countries will play one against the other. We are talking about the coming European Soccer Cup, to be held next Summer in Poland and Ukraine. At least that Euro will be alive … Continue reading →
When Italy and Germany signed up for a monetary union they locked their exchange rate at a fixed unchangeable level. They did not however sign an agreement to lock also to a set level their relative competitiveness, in the world … Continue reading →
So we have established that money can’t save us from this crisis. Not the ECB (Eurobonds, EFSF and the likes even less), that is. It would be wonderful if by simply printing money, sheets of colored paper, we would be able … Continue reading →
… il consiglio Bce persegue l’obbiettivo della stabilità dei prezzi con un solo strumento, cioè determinando il livello del tasso d’interesse a breve termine. L’idea è che quest’ultimo poi si trasmetta a tassi più a lungo termine, cioè ai tassi … Continue reading →
So, where were we. At the issue of: 1) Does lowering rates by the ECB through expansionary monetary policy provide relief to the economy by boosting credit growth? Not necessarily and in this phase of the cycle not likely. Imagine banks … Continue reading →
Three questions for you that are lingering in my head with my proposed answers. 1. Can the euro area be saved by the Eurobond issuer or by the ESFS (European Stability Fund)? No. For 3 main reasons. 1) It takes time … Continue reading →
I’ll try to keep you posted. The theme is the one of aid effectiveness to reach poverty alleviation and progress to reach Millenium Development Goals. http://www.aideffectiveness.org/busanhlf4/about/about-busan.html Ministers from across the globe, from both developing and donor countries, government representatives, parliamentarians, civil society … Continue reading →
Cercherò di tenervi aggiornato. Il tema è quello dell’aiuto alla povertà. http://www.aideffectiveness.org/busanhlf4/about/about-busan.html Ministers from across the globe, from both developing and donor countries, government representatives, parliamentarians, civil society organisations and private sector representatives will come together for the Fourth High-Level … Continue reading →
So it looks like markets are pricing the euro (dark blue) break-up (light blue being all other countries of the EU without the euro). The best proof is the spread of Austria over the German bund: this is not a … Continue reading →