Italian Prime Minister Monti Cannot Do Magic – Bond Yields Are Up Again, The Economy Is In Recession, And Unpopular Reforms Are Stuck
By Paolo von Schirach June 14, 2012 WASHINGTON – The Wall Street Journal seems to be somewhat...
Tag: European Union
Spanish Banks Get $ 125 Billion EU Bailout – But Investors Bet Against Spanish Debt – Yield On 10 Year Spanish Bonds Reach Historic High
By Paolo von Schirach June 12, 2012 WASHINGTON – Spain finally agreed to get a hefty $...
Europe Cannot Take Bold Steps To Either Seriously Integrate Or Force the Weak Out – It Will Continue With Small Steps That Will Ensure A Perennially Smoldering Crisis
By Paolo von Schirach June 7, 2012 WASHINGTON – Mario Draghi, the President of the European Central...
Will Greece Finally Exit The Euro? – Economy Is Too Weak – Current Austerity Focused On Higher Taxes, While Keeping A Huge Public Sector Makes Things Worse – Expect No Growth
By Paolo von Schirach May 24, 2012 WASHINGTON – The unmentionable is now openly talked about. Greece...
IMF Christine Lagarde Believes The Euro Has to Succeed In Order To Keep European Countries Together – How So? EU Countries Will Do Fine Even If Some Eurozone Members Have To Go
By Paolo von Schirach April 21, 2012 WASHINGTON – IMF Managing Director Christine Lagarde stated in a...
The EU “Fiscal Compact” May Not Work, Argues Martin Feldstein – Bond Markets Already Penalizing Weak EU Members – In the End Greece, Spain, Portugal And Italy May Have To Leave The Euro
By Paolo von Schirach April 5, 2012 WASHINGTON – Until yesterday the EU leaders and many international...
Germany Reformed Labor Markets And Created A Pro-Growth Environment However, do not count on Southern Europe to follow suit. Political and cultural differences are too deep. Huge gap between North and South here to stay
WASHINGTON – In a WSJ op-ed piece, Europe’s Supply-Side Revolution, by Donald L. Luskin and Lorcan Roche Kelly of Trend...
The Greek Crisis Drags On – Europe Should Cancel Most Of Athens’ Debt – An Insolvent Country Cannot Pay Back A Crushing Debt And Have A Hope To Grow Again
By Paolo von Schirach February 5, 2012 WASHINGTON – What is most amazing about the Greek debt...
Attempts At Injecting New Vigor Into The Atlantic Community Linking America And Europe Will Fail – US Short Of Breath, EU In Serious Trouble – Societies In Decline Are Inward Looking – No Interest In Cooperation
By Paolo von Schirach January 31, 2012 WASHINGTON – Wolfgang Ischinger, former German Deputy Foreign Minister, Igor...
Greek Bonds At 34%, While Default Is Considered Now An Option – EU Failed To Fix A Relatively Small Problem, While Moving Slowly Towards A Fiscal Compact – Are The Europeans Serious?
By Paolo von Schirach January 15, 2012 WASHINGTON – A sad but powerful illustration of EU indecisiveness...