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Germany's Fiscal Situation The Blind Leading the Blind

Germany's Fiscal Situation The Blind Leading the BlindWith Europe still circling the white porcelain bowl, I thought it was time to revisit the fiscal situation in Germany, the lynchpin that seems to be the only thing that is holding Europe together.   It is still very early in the fiscal year so trends in Germany's finances are

Last Updated on Thursday, 10 May 2012 10:52

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Austerity in Europe Is It Accomplishing Anything?

Austerity in Europe Is It Accomplishing Anything? In recent days, weeks and months, those of us who live in the overly-indebted so-called "developed" world have been subjected to repeated attempts by governments to cut spending in a last gasp effort to achieve some semblance of fiscal balance.  Those of us who live in Canada and

Last Updated on Wednesday, 09 May 2012 09:37

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A Summary of Europe's Employment Dilemma

A Summary of Europe's Employment Dilemma   The economic situation in Europe appears to be deteriorating on a month-by-month basis, particularly among Europe's vast hordes of unemployed.  In this posting, I will summarize the most current employment data for the Europe as a whole and on a country-by-country basis so we can see

Last Updated on Monday, 07 May 2012 08:56

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The Dutch prime minister's residence and the Labour Party

The Dutch electorate by seven weeks, eventually failed, went Catshuis negotiations. Whether this failure is due to the lack of substantive agreement or electoral considerations I leave in the middle.The Black Peter for the failure lies with the PVV that dominance will probably never obtain them

Last Updated on Tuesday, 01 May 2012 10:34

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A Country by Country Look at Europe's Debt Problems

A Country by Country Look at Europe's Debt Problems

As we all have noticed, the European debt crisis is still ongoing despite the occasional headline that suggests that the worst of the problems are behind us/them.  As my regular readers know, in researching for this blog, I always try to reference the best sources available.  That means

Last Updated on Friday, 27 April 2012 01:43

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Che Guevara and the Dutch Finance Minister

The Netherlands Minister of Finance, Jan Kees de Jager finally found the solution to keep the Dutch bankers honest. He proposed that all employees of banks will take an obligatory oath, stating that they will always keep the general interest and the interests of their clients at heart.

Last Updated on Sunday, 22 April 2012 02:22

Hits: 215

Poor economics by Abhijit Banerjee and Ester Duflo

Poor economics by Abhijit Banerjee and Ester Duflo One of the followers of this blog, Mr. Henk Dam, drew my attention to the recent study called “Poor Economics” written by Abhijit Banerjee and Ester Duflo, both economic professors at the Massachusetts Institute of Technology. It is an extensive study of the nature of worldwide

Last Updated on Sunday, 22 April 2012 02:22

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