There are 27 countries in the European Union. Think of them as the 27 dwarves. Industrious, work-alcoholic, their backs bent at work in the dark caves of the mines, interested only in diamonds and little else. Some are more lazy … Continue reading →
I would like to draw your attention toward the evolution of labor cost per unit of output in the monetary union called United States of America (second graph) and the one called Disunited States of Europe (first one). Don’t they look … Continue reading →
Who won? Who lost? Spain won from the euro summit: pretty nice bail-out of its banks at the expense of the European Taxpayer. And for Ireland who will ask for equal treatment for its banks and might get reimbursed a … Continue reading →
I have a dream that one day on the red hills of Georgia, the sons of former slaves and the sons of former slave owners will be able to sit together at the table of brotherhood. Oh how not … Continue reading →
I have asked my friend and colleague Aris Georgopoulos, Lecturer of European and Public Law at the Law School of the University of Nottingham and a founding member of the Greek Public Policy Forum (www.greekpublicpolicyforum.org) to write from Greece where he … Continue reading →
There is a growing movement to recognize to Germany its due share in alleviating the burden for crisis-ridden countries like Greece, Ireland, Portugal and Spain. Indeed, Germany is the one that has set aside in guarantees the most for those … Continue reading →
For those who think that the worse the IMF can do to Greece is what Madame Lagarde said yesterday (“I think more of the little kids from a school in a little village in Niger who get teaching two hours a … Continue reading →
I apologize for not posting so often in English. I wish I could be able to do more! For those of you that have missed the last news from Planet Europe, well, lots is lost and little is lost. The … Continue reading →
Prof. Robert Shiller lecturing at the London School of Economics had a say also on the current world crisis (minute 59 of his lecture). He never mentioned the euro here, but it is as if he did. Here is what … Continue reading →