Tag Archives: euro

Why the Eurozone and the Euro Are Both Doomed

Beneath the permanent whatever it takes “rescue” by the European Central Bank (ECB) lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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The Coming War of Central Banks

History has shifted, and we’re leaving the era of central bank convergence and entering the era of central bank divergence, i.e. open conflict. In the good old days circa 2009-2014, central banks acted in concert to flood the global banking … Continue reading

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How Greece Crisis Could Drag Oil Prices Down

The Greek tragedy is reaching its climax. The discussions between Greece and its European creditors broke down over the weekend, with the two sides still at an impasse. Greek Prime Minister Alexis Tsipras balked at deeper austerity cuts to the … Continue reading

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Failed Discipline, Failed Reforms and Grexit: Why the Euro Failed

There is no substitute for the discipline of a market that cannot be manipulated by political elites. It’s not that difficult to understand why the euro is doomed to fail. Given its structure, there is no other possible outcome but … Continue reading

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Some Thoughts on Greece’s Exit from the Euro (Grexit)

Greece has the potential to be the small domino that ends up toppling much larger dominoes. Here is a preliminary semi-random list of thoughts on Greece’s exit from the euro. 1. I make no claim to expertise in this matter–but … Continue reading

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