Any financial system reform for the European Union that involves creation of a transfer union, putting Europe’s prudent countries on the hook for profligate counterparts, faces a few rather large obstacles in Central and Eastern Europe. That’s according to the new analysis from the Leibniz Centre for European Economic Research (ZEW) in […]
Tag: economics
Trade War – DEFCON 2
By David Nelson, CFA CMT, TES Contributor Friday brought the curtain down on the market’s first negative month of the year and its first down May since 2012. From the President’s first tweet that China was backtracking on commitments already made to late Thursday’s announcement that the administration was putting a […]
Venezuela vs. Chile: Socialism In a Nutshell
While Venezuela’s agony is all the evidence we should ever need of socialism’s disastrous outcomes, an even more crushing indictment lies in the stark contrast between Venezuela and Chile, which has embraced broadly market-friendly policies over the last few decades. In their essay in CapX Marian Tupy and Alexander Hammond highlight the vast […]
Down It Goes! Dutch Debt Fell (Really)
Low country indeed: as Italy prepares to dig itself even deeper into a fiscal hole, the Netherlands has somehow managed to reduce its public debt by 5%, almost unheard of in modern economies, according to Rabobank. The analysis notes: The Netherland’s current public debt, at 52.4% of GDP, is far below the Eurozone average of […]