European leaders are advocating greater fiscal integration in response to the ongoing euro crisis. Despite their professed euroscepticism, David Cameron and … Continue reading “Euro crisis: the dangers of fiscal integration”

Commenting on today’s talks aimed at tackling the eurozone debt crisis, Mark Littlewood, Director General at the Institute of Economic … Continue reading “Eurozone needs orderly default plan”

EU Commissioner Michel Barnier has suggested that, in certain circumstances, ratings agencies may be prevented from downgrading the debt of … Continue reading “Limitations on ratings agencies would be shooting the messenger”

Recession in the eurozone could trigger widespread sovereign defaults The eurozone sovereign debt situation is on a cliff edge. This … Continue reading “Eurozone on a ‘cliff edge’, ready to fall”

Last week the European Commission presented its proposal for a financial transaction tax (FTT) for the EU27. The new tax … Continue reading “A financial transaction tax would lead to more regulation and bureaucracy”

Commenting on the latest Eurozone Forecast report from Ernst & Young suggesting that Greek default is inevitable, Professor Philip Booth, Editorial … Continue reading “Recession in eurozone could trigger widespread sovereign defaults”

Commenting on the latest rumoured solutions being drawn up to deal with the debt crisis in the eurozone, Prof Philip … Continue reading “The IMF and EU still have not woken up to the sovereign debt crisis”

The complete loss of economic common sense in the Eurozone, which we have seen over the past one and a … Continue reading “Will Merkel’s coalition partner hold the line on the European Stability Mechanism?”

There is much discussion about how to deal with the indebtedness of eurozone countries. Economic analysis is not straightforward, of course. We always … Continue reading “When it comes to the euro zone, 1+1 = 2: whatever the economists and politicians say”