Eurozone Archives - Emile Woolf writes

“What Government can – and cannot – do” [EP 43]

EMILE WOOLF – GOING POSTAL [19-11-2018 – EP43] “DEBUNKING ECONOMIC MYTHOLOGY – PART 6” “WHAT GOVERNMENT CAN – AND CANNOT – DO” Whenever confronting a puzzling situation, it’s worth asking how it came about. When doing this I usually find it helpful to write about it and, given my personal orientation, my way through the […]

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Sovereign bailouts versus economic law: who will win?

The Queen’s question about the credit crisis was wonderfully simple: “If these things were so big, why did no one see them coming?” The answer given by Mervyn King, governor of the Bank of England, in his recent interview is that many people did see the crisis coming, but no one knew when. The same […]

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Is the single currency doomed? The problems were there from the start

These days we are all committed to sacrifice, whether attributable to tax increases, reduced public services or declining incomes. This sacrificial thread affects government too, although in a different way. Coalition, by definition, requires the combining parties to sacrifice, or place on the back burner, many of the policies for which they hoped the election […]

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Back to square one: Accounting safeguards do not work

The most sombre issue to emerge from the world’s current financial woes is that of trust. Putting it succinctly, who can you trust in markets where it pays to deceive? it was all in conformity with existing EU accounting rules.. Take Greece’s desperation to sell its bonds to reduce the size of the European bailout. […]

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