Eurozone – Page 2 – Schirach Report

Indebted Western Countries Need To “Bend The Spending Curve” – The Pace Of Austerity Does Not Matter, As Long As Bond Markets Believe That It Is A Real Long Term Policy

By Paolo von Schirach October 29, 2012 WASHINGTON – Austerity, yes or no? Too much, too little?...

Greek Prime Minister Calls Country’s Problem A “Liquidity” Issue – Not So: Greece Is Structurally Insolvent – The ECB-IMF Bail Out Will Have To Go On Indefinitely, Or Greece Is Finished

By Paolo von Schirach October 6, 2012 WASHINGTON – Greece is in sticky a situation. (Yes, it...

The European Union And The Eurozone Within It Are Not Like The USA – Washington Would Have To Bail Out Michigan, No Matter What – Germany Does Not Have To Bail Out Greece If The Price Is Too High

By Paolo von Schirach Related story: https://schirachreport.com/index.php/2012/08/05/the-problems-of-southern-europe-are-not-fixable-greece-failed-to-meet-most-of-the-conditions-negotiated-with-its-lenders-face-reality-and-restructure-the-monetary-union-some-countries-just-do-no/ August 8, 2012 WASHINGTON – A few days ago I...

US Interest Rates At A Record Low – But This Is Only Because Europe Is A Much Bigger Risk – American Fiscal Predicament Pretty Awful – Is There Enough Time To Avoid The End Of The Year “Fiscal Cliff”?

By Paolo von Schirach July 12, 2012 WASHINGTON – US 10 year Treasury Bonds are well below...

Whoever Wins The Elections In Greece, The Country Is Bankrupt – No Government Can Pay The Debts, Cut Spending And Grow This Weak Economy – Exit From The Euro May Be Inevitable

By Paolo von Schirach June 14, 2012 WASHINGTON – All the major US business channels, Bloomberg, CNBC...

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...

After ECB Liquidity Injections And Fiscal Reform Agreement, Europe Is Looking Much Better – But Systemic Economic Weakness For Greece, Italy And Spain Remains Unchanged

By Paolo von Schirach March 3, 2012 WASHINGTON – A European summit without the pressure of another...

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...

S&P Downgraded France, Half The Eurozone, Citing Inadequate EU Policies – In Italy Lack Of A Long Term Growth Strategy, While Corruption And Bad Governance Linger

By Paolo von Schirach January 13, 2012 WASHINGTON – Only yesterday the international business media sounded very...