Tag Archives: financial crisis

Two New Papers on the Future of the Euro Crisis for Ireland

IIEA: Two New Papers on the Future of the Euro Crisis for Ireland and the EU http://ow.ly/1mrEKz

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Filed under European Foreign Policy, European Union, Financial Crisis, Institute of International and European Affairs (IIEA), Think Tank

The European Central Bank’s New Bond-Buying Program

Brookings: The European Central Bank’s New Bond-Buying Program: Implications for Italy http://ow.ly/1moDAa

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Brazil-EU Relations: Beyond the Eurozone Crisis

English: Brazil Português: Brasil Русский: Бра...

Brazil (Photo credit: Wikipedia)

By Marcus Vinícius de Freitas, German Marshall Fund of the United States, September 4, 2012

The debate in Brazil on the future of Europe is still superficial, but has a particular concern for the impact the crisis will have on its growth rate. There have been adjustments in the expansion plans of Brazilian companies that were already operating in Europe before the crisis began, and many other Brazilian multinational corporations have gone bargain hunting in Europe. Europe is still not considered as friendly place for business as the United States, Japan, or even China. This has diverted Brazilian investments and companies to other regions where regulations are less burdensome… (more)  http://ow.ly/1mhanw

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CFR: ECB Is Right To Ask For More Eurozone Action

Council on Foreign Relations: Robert Rubin writes that the ECB would have risked losing its cr… http://ow.ly/1lZ4OS

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ProSyn: Early Retirement for the Eurozone?

Project Syndicate: Germany and the ECB are now relying on the hope that large-scale liquid… http://ow.ly/1lZ4OV

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Carnegie Inst: The Big West Solution

English: Evolution of World Trade, 1991-2010 i...

Evolution of World Trade, 1991-2010 in 2000 USD. 2000=100. Source: World Trade Monitor, CPB Netherlands Bureau for Economic Policy (Photo credit: Wikipedia)

Shimelse Ali, Uri Dadush, Zaahira Wyne, Carnegie Institute, August 6, 2012

Three years after the Great Recession officially ended, the United States is still struggling with high unemployment and a faltering recovery. But for the troubled economies across the Atlantic, where there is now open talk of the potential collapse of Europe‘s shared currency, the United States looks like a veritable economic success story — perhaps even a place to look for lessons on how to manage the crisis… http://ow.ly/1lRf8P

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ProSyn: One Money, (Too) Many Markets

Hans-Helmut Kotz, Project Syndicate, Aug. 3, 2012

Europe’s monetary union is screeching toward the abyss, unintentionally, but apparently inexorably. Greece will most likely not meet the criteria to receive further financial assistance from its eurozone partners and the International Monetary Fund. Europeans will then need to decide whether to let Greece go. The exit option would not improve Greece’s chances of successful adjustment, and it would come at a steep price for the eurozone: it would be “in the money” – and priced accordingly. (more) http://ow.ly/1lOAR8

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Filed under European Union, Financial Crisis, Project Syndicate (ProSyn), Think Tank

SWP: After the El Dorado Decade – Spain’s Troubled Path in Managing Its Crisis

by Heribert Dieter, SWP, July 23, 2012

 Since the spring of 2012, the crisis in Europe has been shifting from the former epicenters of Greece, Portugal, and Ireland to Spain and Italy. In particular, the high level of unemployment in Spain has resulted in a choir of demands for increased public spending and a departure from austerity programs. The German government, and especially Chancellor Angela Merkel, is accused of being too stubborn in its demands for more fiscal prudence. American economist Paul Krugman, speculator-turned-philanthropist George Soros, and many others suggest that credit-financed spending would help Spain. In addition, dispatching aid to ailing Spanish banks is considered essential. However, the potential benefits of these policies are not convincing. Credit-financed stimulus programs would weaken the Spanish economy in the long run. On the other hand, large-scale rescue operations for Spanish banks would result in so much collateral damage that continuing on the current austerity path also appears unwise. But before the therapy, the patient’s history ought to be examined: How did Spain – an economic poster child for over a decade – manage to slide into economic calamity? (more) http://ow.ly/1lzJhq

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Filed under European Union, Financial Crisis, German Institute for International and Security Affairs (Stiftung Wissenschaft und Politik SWP), Germany, Think Tank