Austerity for all isn’t working
By Alex Biddle | Generalised austerity doesn’t work. Austerity politics is being driven by the fear of inflation, which is not the underlying problem to the current economy.
In the World
Cyprus bailout effects: Eurozone integration remains vulnerable
With the great amount of debate, chatter, and serious analysis about the EU’s financial rescue of Cyprus from insolvency and potential departure from the eurozone, many wonder if the EU policy emerging from the Cypriot “bail out” will have a lasting impact on the political and economic integration of the Europe. In John Sydney Hopkins view, the EU rescue of Cyprus will be seen as a milestone event with a lasting impact on the EU’s ability to manage the process of integration.
The Enduring Glow of Gold
BEIJING | Caixin Magazine | A ripple of skepticism recently hit prices of the yellow metal, but gold remains the ultimate hedge on inflation, as former Morgan Stanley’s Chief Economist for Asia Pacific Andy Xie explains. The global economy has already entered into stagflation with a growth rate of 2 percent and inflation at 3 percent. The inflation rate is likely to rise above 4 percent in 18 months while the growth rate will remain stuck in the same range. With inflation twice as high as the growth rate, the global economy will slip deeper into stagflation.
EU against interchanging fees: Should we save the Euro at all costs?
The European interchange fees reduction project is very similar to the measures adopted by the Spanish Government in 2005. However, several studies show that measures adopted to reduce interchange fees have finally harmed consumers, as French site Bursorama points out. Is there any ideological agenda behind it?
«Time» magazine strongly criticised for cancer cure claims
VALENCIA | Mètode magazine | By Lucía Sapiña | The mass media play a major role in defining public attitudes towards cancer: unfortunately, the media coverage of cancer is quite frequently of poor quality, an Time was a case in point.
“The eurozone must find economic growth without State aid”
MADRID | By Tania Suárez | Director of financial analysis at Profim EAFI, Jose Maria Luna Morales, argues that austerity measures in the euro zone were “necessary” but adds that “some privileges of many public institutions can still be reduced”. He also notes that although “Europe still may suffer months of stagnation”, that does not imply “a long period of stagnation'” for the EZ as a whole.
Careful what you cut for: Spain’s public administrations and austerity
MADRID | Reigning in the public sector under austerity plans isn’t always good for the private sector, at least not today and not when a country has lost his monetary policy sovereignty.
Spanish exports fiesta: 40% more companies selling their goods abroad
MADRID | By Juan de la Cruz Martín Rozas, Crédito y Caución | Spain contributes with 1.7% to the global exchange of goods trade, after Germany, France, Italy or the United Kingdom. However, the growth experienced by Spanish exports in recent years, including 2012, is the highest of the European economies.
Reinhart-Rogoff forgot economics is a case-by-case science
MADRID | Economic growth is compatible with high debt, particularly when your central bank can make fears of default vanish and interest rates can be contained.
North Africa and energy prices in Europe
By Ioannis Michaletos, associate of the Institute for Defense & Security Analysis in Athens | The situation may eventually lead to another peripheral war against groups of guerilla and terrorist forces, coupled with a general instability regarding energy prices in Europe.