Category Archive: 2.) Europe and Euro Crisis

Main Author George Dorgan
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.

Italy: A Sustained US Recovery Will Make a Eurozone Split Up Possible

We reckon that a sustained US recovery will make it possible that the eurozone splits up. Today's Italian elections are maybe the start of an upcoming Italian euro exit.

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Eurostat Inflation Dashboard



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Deflationary Risks? Comparing Swiss, Swedish and Norwegian Inflation and Exchange Rates

When the Swiss National Bank introduced the 1.20 lower limit, it wanted to eliminate the deflationary risks for Switzerland. For a certain period, namely when a global recession was looming in Autumn 2011, and the Swiss franc was hovering around 1.10, this risk was really present. In this post we would like to know if …

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The Euro Crisis: the Reasons



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Ways to the Northern Euro

Two ways for building the Northern euro, exit of Southern members or slow creation of Northern euro with currency interventions of central banks.

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2012 Posts on Euro Crisis and Euro Macro

Who Says No to Austerity and Global Imbalances, Must Say Yes to the Northern Euro

Eventually the euro will be abolished, a Northern Euro introduced: politicians and their economic advisors might just be waiting for a calm moment, especially with upcoming German inflation.

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The Upcoming Spanish Lost Decade(s)

To us, the big theatre surrounding Greece was just a preview of a much bigger crisis that will happen in the coming years in Spain, the upcoming Spanish lost decade(s). Greece was an absolutely desperate case; therefore, everything was quick. It took just two years till we arrived at the official sector participation and yearly German transfer …

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The Fairy Tale of Rising Competitiveness in the European Periphery

In our post we look on two questions concerning competitiveness for the European periphery: When will local production be cheaper than imported products? Do people have the money to buy these local products? It does not help reducing labor costs if local production costs still more than imported products. The second aspect is: even if …

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Who is the Biggest Debt Time Bomb: Japan, France, the UK or the United States?

Some must reads: According to the Economist the biggest time bomb in the euro zone crisis is France. We wonder why the United States and Britain, that have same weak trade balances, the same weak competitiveness and a debt overhang, shouldn't have a problem? Just because France must do austerity according to the German Fiscal Compact wish, and the US and Britain do not need to do this? Or like Ray Dalio called it, are the US and Britain...

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4 Different Solutions for the Euro Crisis: Can it Be the Northern Euro? A Discussion

The discussion about the future of the Euro: Among a Post-Keynesian, a European Etatist, an Austrian economist and an advocate of a Northern Euro on the French website www.atlantico.fr. The French paper is asking: “Sommet européen : créer un euro du Nord est-il le seul moyen de sauver l’Europe de l’austérité ?” Is the creation of …

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Viva la Democrazia! The Reign of the Spread is Finished!

Claudio Messora, one of most well known critics during the "Reign of the spread" between Italian and German bonds.He happy about the return of democracy.

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The Full List of Monti Reforms: Which Have Been Really Implemented?

Italian Prime Minister Mario Monti passed 30 billion euros ($40.3 billion) in tax hikes (17 billion), pension and spending cuts (13 billion).

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The Euro Crisis: Details and chronology and the German Perspective on it

The history of EU reforms, bailouts during the euro crisis and the German perspective on them

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Euro Morons: Hyperinflation Successfully Avoided, Stagflation Successfully Created

Keeping Greece in euro zone, eurocrats or better “euro morons” have successfully avoided a weak drachma and a following Greek hyperinflation. Instead they successfully created stagflation. Currently European HICP inflation is at 2.5%, far above the max. 2.0% official ECB mandate, but the euro is becoming weaker and weaker. German salaries are rising with 2.6% …

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Das Beste von Ludwig Poullain: Das Ende des Euros, der Beginn des Nordeuros

Ludwig Poullain: Das Ende des Euro rückt näher. Er treibt Völker wieder auseinander. Neid, Missgunst, Verachtung, selbst Hass sind wieder lebendig geworden.

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The Eurozone crisis between euro-morons and zombie-bankers



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Falling Unit Labour Costs, but Rising Production Prices in the Periphery. Is this Competitiveness?

Currently European HICP inflation is at 2.5%, far above the 2.0% official ECB mandate, but the euro is becoming weaker and weaker. German salaries are rising with 2.6% per year. At the same time, the ECB cannot hike interest rates, because it wants to provide cheap money to the periphery.   The periphery continues to buy German products, even …

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