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Monthly Archives: November 2011
Buying time for Italy
Buying time can be useful if you get something useful with it, otherwise it is a waste of time and money. Italy needs to borrow less domestically to finance its government’s expenditures (reduce its fiscal deficit) and to borrow less … Continue reading
Saving Italy and the EURO
If Europe and the U.S. can’t focus more on the long run conditions needed for healthy economies, they will never climb out of the short run emergencies they keep creating. Germany deserves credit for trying to do just that. The … Continue reading
Comments on Libya and Greece
As usual, some of my friends have strong views of their own and interesting observations to add. Here are a few comments mainly on my Greek referendum blog. Thanks, Warren I totally agree with you regarding Greece. I wonder if … Continue reading
Posted in Economics, News and politics
Tagged debt, EU, Euro, Greece, IMF, Libya, referendum, war
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The Greek Referendum
The Greek referendum announced on November 1 by Greek Prime Minister George Papandreou is a big gamble and politicians rightly don’t like to gamble. I, on the other hand, like the idea. It will force the Greek public to face up to the fact that the Germans and other northern Europeans are no longer willing to support their habit of living high on other peoples’ money. Continue reading
Leading from behind in Libya
The U.S does not own what happens next in Libya, and the prospects for a good outcome are better because of that. Continue reading
