In Europe


Wolfgang Schäuble

Anarchy!

German Finance Minister Wolfgang Schaeuble sought to turn the tables on critics of his fiscal-discipline push, saying he’s actually the better Keynesian.



greecy

Election Watch: What are Greeks voting for?

By Nick Malkoutzis at Macropolis | Rarely has Greece gone into an election period with so many pieces in flux as it is now. The only thing we know for sure about the 20 September ballot is that we really can’t be sure of much.

BCE.TC

ECB next stress test to affect just 50-60 banks

The European Central Bank will examine the European banking sector again in 2016. The stress test will maintain the same structure as in 2014, but the Asset Quality Review will not be carried out this time round.




thecorner1

Austerity Economics is Fraying Europe’s Social Contract

Conn M. Hallinan |  On one level, the recent financial agreement between the European Union (EU) and Greece makes no sense. Not a single major economist thinks the $96 billion loan will allow Athens to repay its debts or get the economy moving anywhere but downward.