The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Ireland is somewhat unique in the -zone for having a genuine debt crisis. Greece, Spain and Portugal (and soon Belgium) are experiencing currency crises (similar to the one that caused the UK to leave the ERM back in 1992). ... Ireland runs a respectable trade surplus w.r.t. the rest of the -zone
I'd say Belgium is special, too. They have historically had more than 100% debt-to-GDP ratio...
Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
What is true is that in the present crisis it looks very much like the deficit countries are having a currency crisis (because the attacks are highly correlated with foreign debts and current accounts deficits, and only weakly correlated with sovereign debts and deficits), and it looks very much like Ireland is having a genuine debt crisis (since its banks are insolvent following a real estate bubble that was not an obvious macroeconomic necessity).
Austerity can only be implemented in the shadow of a concentration camp.
by gmoke - Apr 20
by marco - Apr 22 1 comment
by Cyrille - Apr 20 21 comments
by DoDo - Apr 21 5 comments
by Cyrille - Apr 18 32 comments
by Cyrille - Apr 12 35 comments
by ARGeezer - Apr 18 7 comments
by DoDo - Apr 6 39 comments
by marco - Apr 221 comment
by DoDo - Apr 215 comments
by gmoke - Apr 20
by Cyrille - Apr 2021 comments
by ARGeezer - Apr 187 comments
by Cyrille - Apr 1832 comments
by Oui - Apr 163 comments
by Cyrille - Apr 1235 comments
by Cyrille - Apr 86 comments
by DoDo - Apr 639 comments
by aquilon - Apr 3158 comments
by ARGeezer - Mar 3110 comments
by Zwackus - Mar 2910 comments
by DoDo - Mar 279 comments
by Xavier in Paris - Mar 275 comments