Who’s the idiot?
Eurosceptic journalist Peter Oborne surpassed himself on Newsnight on Wednesday denouncing a spokesperson for the European Commission as “that idiot in Brussels”. The question at issue was whether the euro …
devaluation
Europe without the euro
If eurozone member states such as Greece have allowed their domestic costs to rise and their economies to become uncompetitive, there is a long hard road back to competitiveness again. …
Why isn’t Britain in more trouble?
An interesting piece by Paul Krugman here compares the economic situations of Britain and Greece. The fact that Greece is in the euro and Britain is not makes the British …
G20: they came, they saw, they concurred
London has regularly played host to foreign leaders. From Julius Caesar onwards, the banks of the Thames have been visited by the same figures that bestride the world stage. The …
Competitive devaluation
Simon Heffer writes mournfully in the Daily Telegraph today of the prospects of the eurozone economy as the financial and economic crisis continues. As always, with Simon Heffer, his mournfulness …
Ceteris paribus
The title is a Latin phrase used in economics which means “all other things being equal”. The prediction of what difference any specific alteration to economic policy will make is …