March 19, 2006

Culture

Theatre of Citizenship

by Alex Harrowell

Everyone’s been terribly worried about France. First of all, last autumn’s carburning outbreak saw a lot of people who really ought to know better gathering to hail the end of days and the Islamofascist conquest of Eurabia, or something. Now, the students are out on the streets to protest the government’s new labour laws, and [...]

March 16, 2006

Economics and demography

German Demographics

by Doug Merrill

The Berlin Institute for Population and Development published a study this week detailing falling population in certain parts of Germany, particularly economically depressed parts of eastern Germany, the Ruhr valle and the Saarland. In eastern Germany one of the developments that has been discussed on afoe it becoming clear: Deferred or deterred childbirth in the [...]

March 7, 2006

Economics and demography

Sustaining Growth in Turkey

by Edward Hugh

I don’t suppose it’s much of a secret that Turkey is one of the main ‘growth tigers’ in the ambit of the EU. The big issue is, I suppose, just how sustainable Turkey’s growth is. Well the World Bank is on the story, and now has a Country Economic Memorandum entitled Promoting Sustained Growth and [...]

March 2, 2006

Economics and demography

Damage at heart of Europe’s single market?

by Edward Hugh

Following up on the points made in this post and this one, former EU competition commissioner Mario Monti has a comment article in today’s FT (behind the firewall unfortunately, but his point is clear from the extract):
The single market, a key pillar of the European Union since its foundation, is in danger. Several member states [...]

March 1, 2006

Economics and demography

Italy Had Zero GDP Growth In 2005

by Edward Hugh

I am sure some people must sometimes feel I am exaggerating when I try to explain the rather dire straits which I feel the Italian economy has fallen into. If you are one of those people I would ask you to take a good look at the latest data release:
Official statistics published on Wednesday showed [...]

February 27, 2006

Economics and demography

Saving The Euro

by Edward Hugh

Do you want to save the Euro? Well one idea for how to do it has been proposed by University of Missouri-St Louis history professor John Gillingham: reissuing the 12 national currencies that were replaced with just one, while at the same time retaining the euro as a parallel currency that finds its market value [...]

February 22, 2006

Economics and demography

Spain Is Now Over The Radar

by Edward Hugh

It all started with the Catalan Statute, then there was this piece, then Wolfgang Munchau joined in. Today comes the news that:
“The European Union’s top competition regulator will this week issue formal antitrust charges against Telefónica, alleging that the Spanish telecommunications group has abused its dominant position in the fast-growing market for broadband services.”
And there [...]

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Economics and demography

Who Will Be The First To Blink?

by Edward Hugh

Methinks the first serious test of the eurosystem is now looming on the horizon. The title of this post refers to an earlier point made by Nouriel Roubini. The FT this morning is reporting that:
“The German cabinet will on Wednesday endorse a 2006 budget that breaks the European Union’s fiscal rules for the fifth year [...]

February 20, 2006

Economics and demography

Les Jeux Sont Faits

by Edward Hugh

Yes gentle readers, les jeux sont faits. Italy has entered the election season, and this time the game is for real. The outcome of this election, and the decisions which are subsequently taken will be important not just for Italy, but for the whole EU, and the stakes are not small ones: the whole [...]

February 19, 2006

Currencies

Viva Ricardo!

by Alex Harrowell

Guy of these pages recently spoke to a “source” who has an interesting counter-take on the Italian economy and the Italian government’s debt problem to that frequently discussed here. Apparently, the feller says, there’s no chance of “an Argentinian-style blowout” because of the low levels of private debt.
The source is essentially arguing that Ricardian equivalence [...]

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