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Syriza Party Governing in Greece: Austerity and the E.U.

Clarion calls of confrontation roiled through the E.U. after the state election in Greece on January 25, 2015. Would the E.U., heavily dominated by its largest state, and the European Central Bank (ECB) accept a larger public deficit (i.e., more government spending to alleviate the austerity) and continue the cheap loans, or would Alexis Tsipras, the new Greek prime minister, have to choose between continued austerity and default? 


The full essay is at “Governing in Greece.”

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Syriza Wins! Now What?

Nothing Says ‘Super Bowl’ Party Like Barack Obama Toilet Paper!!Or, if that doesn’t HIT the spot, might I suggest The Obama Punching Bag instead?The results are in and Syriza has won the Greece elections.What will this mean for that country, the eurozo…

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Greece Elections – Why The Entire World Is Watching!

Nothing Says ‘Super Bowl’ Party Like Barack Obama Toilet Paper!!Or, if that doesn’t HIT the spot, might I suggest The Obama Punching Bag instead?This article looks at whether a victory by the Syriza party in Greece on Sunday will result in an exit by t…

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Budget Austerity in the E.U.: Turning the Russian Invasion of Ukraine into an Advantage

With economic growth in the E.U. flat-lining in mid-2014 after a modest recovery, pressure mounted to relax the federal “austerity” constraints on the state budgets. According to The New York Times at the time, “(p)olitical and financial instability related to Russia’s confrontation with Ukraine and the effects of escalating economic sanctions between [the E.U.] and Russia have further clouded the economic outlook.”[1] Mired in the austerity vs. fiscal stimulus dichotomy, E.U. leaders may have been missing an opportunity here.

The entire essay is at “Budget Austerity in the E.U.



[1] Liz Alderman and Alison Smale, “Divisions Grow as a Downturn Rocks Europe,” August 29, 2014.

Continue reading Budget Austerity in the E.U.: Turning the Russian Invasion of Ukraine into an Advantage

Budget Austerity in the E.U.: Turning the Russian Invasion of Ukraine into an Advantage

With economic growth in the E.U. flat-lining in mid-2014 after a modest recovery, pressure mounted to relax the federal “austerity” constraints on the state budgets. According to The New York Times at the time, “(p)olitical and financial instability related to Russia’s confrontation with Ukraine and the effects of escalating economic sanctions between [the E.U.] and Russia have further clouded the economic outlook.”[1] Mired in the austerity vs. fiscal stimulus dichotomy, E.U. leaders may have been missing an opportunity here.

The entire essay is at “Budget Austerity in the E.U.



[1] Liz Alderman and Alison Smale, “Divisions Grow as a Downturn Rocks Europe,” August 29, 2014.

Continue reading Budget Austerity in the E.U.: Turning the Russian Invasion of Ukraine into an Advantage

Europe’s Problem Is Excessive Spending, not Austerity

It’s remarkable to read that European politicians are agitating to spend more money, supposedly to make up for “spending cuts” and austerity. To put it mildly, their Keynesian-based arguments reflect a reality-optional understanding of recent fiscal policy on the other side of the Atlantic. Here’s some of what Leonid Bershidsky wrote for Bloomberg. Just as […]

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