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Euro Crisis News Overview
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Robert Skidelsky explains why unconventional fiscal policy like helicopter money could well be the next game in town.
Fiscal policy has been out of fashion since 2010, if not longer. But now that unconventional monetary-policy measures have failed to deliver more than mediocre outcomes, policymakers have started mooting ideas for unconventional fiscal policy.
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Athens declaration of the first Mediterranean EU countries summit

The Heads of State and Government of the Republic of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, have gathered in Athens, with the aim of enhancing our cooperation and to contribute to the dialogue on the future of the EU.

We underline our strong commitment to European unity and our firm conviction that, by acting together, our countries are stronger and European citizens in a better position to control their future.


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The spillover effects of a fiscal stimulus in normal times are likely to be small, at best. This column argues, however, that when interest rates are stuck at the zero lower bound and monetary policy does not offset the expansion, public investment in surplus countries could have significant positive GDP spillovers to the rest of the Eurozone. Given current low borrowing costs, the increase in government debt for surplus countries would be modest, while debt ratios in the rest of the Eurozone could be improved.
In order not to overburden monetary policy, fiscal policy must be used to support growth if possible (if fiscal space exists), especially to boost public investment. An increase in public and private investment is part of the three-pronged EU economic policy strategy, and was reaffirmed at the G20 summit in Hangzhou through a commitment to advancing the investment agenda, with a focus on infrastructure both in terms of quantity and quality aspect...
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Fireworks are going off in Germany again in yet another battle between Wolfgang Schaeuble, Germany’s finance minister, and the ECB.
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Peter Kelly's profile photoFrederi Beautier's profile photo
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Schaut mal Im EU Zonen wir's es Aus Sied die Einten Länder im Zone sind oder werden bald Pleiten oder Frankreich haben nur Demo Warum die Arbeit Na ja get so nur nicht Sicher.
Oder Spanien und Griechenland haben sehr fiel Euro und Gebaut bis Geht nicht mehr und nun kann Geld fiel Gebäude Stehen Lehr was macht EU jeste??. 
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Greece hasn't been in the financial headlines as much as previously, but the country's debt problems continue to linger.

The euro zone will not release additional bailout money for Greece at a meeting in Bratislava this month, Germany's Handelsblatt Global reported on Sunday, citing European Union diplomats.

The online edition of the German business daily quoted the diplomats as saying that Athens had only implemented two of 15 political reforms that are conditions for the bailout money.
The euro zone will not release additional bailout money for Greece at a meeting in Bratislava this month, Germany's Handelsblatt Global reported on Sunday, citing European Union diplomats.
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German Finance Minister Wolfgang Schaeuble on Saturday renewed his criticism of the European Central Bank's low interest rates, saying they were particularly damaging for people saving up for their retirement.
German Finance Minister Wolfgang Schaeuble on Saturday renewed his criticism of the European Central Bank's low interest rates, saying they were particularly damaging for people saving up for their retirement.
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yes.. But nationalists will be nationalists... And capitalists will be capitalists...
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I am not predicting that the eurozone will invariably muddle through into a bright future, integrating deeper and deeper, step by step. It is just a conceivable scenario. Judging by their current performance it seems more likely that Europe’s leaders get stuck half way. In that case, it would be reasonable to expect the eurozone to unravel eventually under the pressure of its oppressive imbalances and unprofitable banks.

#EuroCrisis
#EuroZone
 
Europe leaders focus on next distraction (WOLFGANG MÜNCHAU ) : '. ..The combination of a non-resolution of toxic assets in some German banks, non-performing loans on the books of their Italian peers, an economic recovery in Italy that is going nowhere and negative interest rates could the tip the balance. The need to fix this problem, or to prevent it, is what will determine the next stage of European integration....'
All the benefits of a standard Digital Subscription plus: Unlimited access to all content; Instant Insights column for comment and analysis as news unfolds; FT Confidential Research - in-depth China and Southeast Asia analysis; ePaper - the digital replica of the printed newspaper ...
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Since the beginning of the 1980s the #globaleconomy has been dominated by #globalisation and also a complimentary and massive change in #demographics. This has had a profound impact on the global #economy at a macro and micro level. It’s also had a huge impact on asset performance. According to Deutsche’s research, these trends appear to be coming to an end. Demographics are now changing as populations around the world age, and the number of people in work starts to decline. Further, many countries are starting to turn their back on globalisation.

#Protectionist rhetoric from the United States, China and European nations, as well as a rising movement against inequality, appears to mark the end of the globalisation trend that has yielded so much growth for the world during the past three and half decades.

#EconomicGrowth #EconomicOutlook #EconomicSlowdown
Deutsche: The economy is set for three decades of sluggish growth
http://www.valuewalk.com/2016/09/economy-sluggish-growth-30-yrs/
economy - According to Deutsche Bank's research, the global economy is come to the end of a 35-year growth cycle.
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I've taken heed, and accept i should provide the source for my post in relation to the Helmut kohl quote —here it is. 
Former German Chancellor Kohl admitted he would never have won a referendum on the adoption of the euro in his country and said he acted "like a dictator" to see it introduced.
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”We [the Mediterranean countries] are in the eye of the storm of the refugee crisis, the security crisis and terrorism, and the economic crisis. Today we have a north which accumulates surpluses and a south that suffers heavy deficits. There is no European convergence when such disparities exist,” Tspiras told Le Monde in an interview published on Thursday.

#EuroCrisis #Eurozone

ECNO: The economic problems will remain and grow stronger until either the EZ is turned into a real currency union, with fiscal transfers, or dissolved...
 
Leaders of #France , #Italy , #Portugal , #Malta and #Cyprus are gathering in Athens on Friday (9 September) for an “EU-Med” mini-summit, which Greece’s prime minister Alexis #Tsipras hopes will promote a left-wing answer to Europe’s multiple crises at next week’s Bratislava summit.
Left-wing Greek PM is hosting southern leaders to push growth and employment up the EU agenda, but German conservatives worry the new bloc could prove divisive.
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In a week where Germany tells the UK that it cannot exit the EU and retain the "nice bits" of membership, this article suggests that by dragging it heels on deposit insurance Germany is itself trying to preserve the "nice bits" of membership without submitting to the obligations.

As far as I can see, the only way for the Eurozone to survive with a single currency is the sort of widescale deposit guarantee mechanism described herein. Although it is politically divisive, it is an economic Inevitability of you look at the bloc rationally.


The European leaders who form the EU ‘directoire’ may get together as many times as they like, but still appear incapable of solving the club’s existential problems. Last Monday the German Chancell…
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But its neighbors need German demand for their goods and services far more than they need Germany to set an example of fiscal prudence. It is clear—given the risk of a debt-deflation trap in Germany’s eurozone partners—that successful adjustment in the eurozone can only come if German prices and wages rise faster than prices and wages in the rest of the eurozone. The alternative mechanism of adjustment—falling wages and prices in the rest of the eurozone—won’t work.

#EuroCrisis #Eurozone #Germany  
 
Germany’s ongoing fiscal surplus contributes to Germany’s massive current account surplus, and the large and growing external surplus of the eurozone (the eurozone’s surplus reached €350 billion in the last four quarters of data, which now includes q2). The external surplus effectively exports Europe’s demand shortfall to the rest of the world, and puts downward pressure on global interest rates.
It turns out Germany has fiscal space even by German standards! Germany's federal government posted a 1.2 percent of GDP fiscal ...
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Story
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News items from the worlds media about the current euro crisis
Introduction
This page contains a running list of news articles about the current crisis in the Euro zone.
These are mostly whatever I stumble upon...