MADRID | By JP MarÃn Arrese |Â Those longing for a growth strategy to invigorate their ailing economies delude themselves in thinking that Ms Merkel might prove to be more tractable once she is re-elected.
All posts by JP Marin Arrese
Austerity falls into disgrace
MADRID |Â The prospect France, not to mention Italy or Spain, will flatly fail to meet their targets stands as a more plausible explanation of the realisation that austerity alone will not work.
Is austerity to blame?
MADRID |Â Cuts and tax rises cannot be considered by all means as negligible. Bur their real impact on disposable incomes does amount to a rather modest share, on average.
Are Euro zone debt levels sustainable?
MADRID | Forcing peripheral economies to sacrifice growth leads nowhere except to future tempests should their debt sustainability come under suspicion once again.
Bail-in ring-fences German taxpayers
MADRID | Being a policy issue prominently underlined in all main German parties’ manifestos, the full safeguard bank creditors have enjoyed under past bail-out schemes seems doomed in future.
Risk immunity leads to banking abuse
MADRID |Â Any economy, save for a Soviet one, is run under the healthy guiding rule that smart decisions are rewarded and wretched ones get penalised by the market.
The painful sequels of the Cyprus bailout
MADRID |Nicosia played with fire for a long time. And Europe has proved again its inability to prevent risky situations and handle them without pulling the trigger.
Cyprus lose-lose plight
So long stiff capital control measures are in place the economy will enter into a free-fall. But as soon as they are lifted, the run on accounts might likely lead to a banking collapse.
The Cyprus mess
MADRID | Was it necessary to impose such a hard medicine for a bail-out amounting to roughly €10 billion? The only plausible answer lies in the forthcoming German general elections bound to banish all common sense for future months.
Political instability weighs on Spain’s agenda
MADRID | The Spanish government has suddenly disappeared from Europe’s scene. In the midst of a deep recession it crosses fingers hoping the German general elections’ aftermath might break the current deadlock on financial mutualisation and help to reconstitute the Southern front.
