Mikenormaneconomics.blogspot.com

Greece is back in the news as the IMF, the Germans and the European Commission slug it out pretending to talk tough and propose solutions to the Greek tragedy. There is no solution of course. All the debate about whether the primary surplus target should...

The eurozone crisis is a perfect example of the damage done when people in high places make basic mistakes. The following is an excerpt from the new book Failed: What the 'Experts' Got Wrong about the Global Economy by Mark Weisbrot (Oxford University...

Highlights The European Semester is a yearly process of the European Union to improve economic policy coordination and ensure the implementation of the EU’s economic rules. Each Semester concludes with recommendations for the euro area as a whole and...

Andre Tartar and Jill Ward of Bloomberg report, Brexit’s Biggest Fans Face New 115 Billion-Pound Pension Hole: Turning 65 in the U.K. used to mean mandatory retirement and a future of endless holiday. But in 2016 it has come to signify a very different...

The European Union (or at least its periphery) is a big, sick patient that so far has been treated with robust injections of fiscal austerity. This seemed to be the right course of action to cure the “debt crisis” disease. The patient, however, has...