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When effort and outcome is not the same thing - the case of Greece

When effort and outcome is not the same thing - the case of Greece

Greece has made yet another other deal with the EU and IMF on its debt situation. Or rather as one EU official described it to the Financial Times “If it looks like we are kicking the can down the road that is because we are”.

The continued unraveling of the 'dollar bloc'

The continued unraveling of the 'dollar bloc'

Over the past year I again, again and again have argued that the tightening of US monetary conditions will cause the 'dollar bloc' to fall apart - meaning that more and more countries will give up their de facto pegged exchange rate policy against the US dollar.

The verdict from G20 Money Base growth: Money is TIGHT

The verdict from G20 Money Base growth: Money is TIGHT

We hear it all the time - central banks are printing money like no time before and it is not working and now there is nothing more central banks around the world can do to fight deflation.

Ambrose: "Eurozone recovery wilts as sugar rush fades, deflation lurks"

Ambrose: "Eurozone recovery wilts as sugar rush fades, deflation lurks"

The Telegraph's Ambrose Evans-Pritchard has a good article on the risk of renewed troubles for the euro zone. See here.

Krugman finally acknowledges that it is all about monetary policy

Krugman finally acknowledges that it is all about monetary policy

Paul Krugman has a very interesting blog post on the relative economic performance of the US and the euro zone.

Why have 'austerity' failed in the PIGS countries and succeed in Iceland?

Why have 'austerity' failed in the PIGS countries and succeed in Iceland?

Recently both the Italian and the Spanish governments have come out and said that they will have to revise their expectations for their budget deficits in negative direction.

The Panama papers are all about the 'Resource Curse'

The Panama papers are all about the 'Resource Curse'

Today's Spain's Minister of Industry, Energy and Tourism José Manuel Soria has stepped down "after his conflicting explanations inflamed a scandal over links to an offshore company listed in the Panama leaks." (quoted from Bloomberg)

Are we about to get a new ”euro spasm”?
Iceland's political meltdown
This is how pathetic Danish growth has been

This is how pathetic Danish growth has been

Take a look at the graph below. It is the level of real GDP in Denmark during the 1930s and over the past decade.

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