Archives for posts with tag: euro

Blog Report: MERKEL STILL CLINGS TO AUSTERITY LIKE TO BARRY MANILOW COVER SONG? By Ambassador Mo
Preaching austerity like mom urging abstinence to child off to college?— Germany’s Chancellor Angela Merkel may already be on her way out via election defeat next year but she still controls the purse strings of Germany & thus most key joint Eurozone/EU institutions. Merkel hangs to the old scheme of austerity with only limited concessions to the calls for more growth and jobs. –More–
http://diplomaticallyincorrect.org/blog_post/merkel-still-clings-to-austerity-like-to-barry-manilow-cover-song/52740Image

UNdiplomatic TV Blog Report: YAWN AT G-8 – WHERE IS CARLA AT CAMPFIRE? By Ambassador Mo
Carla Bruni is alone back home with her guitar & ex-President husband. Carla Bruni at Camp David to sing love songs around the campfire might have been a welcome pick-me-up for this uneventful, no, boring G-8 Summit? All of the leaders do not miss her husband Nicolas Sarkozy, well except Angela Merkel who had become very cozy with him politically as the other pillar of austerity. –More–
http://diplomaticallyincorrect.org/blog_post/yawn-at-g-8-where-is-carla-at-campfire/52462Image

Blog Report: GREECE UNZIPS & AUSTERITY COMES UNDONE, By Ambassador Mo
Germany’s Angela Merkel & advocates of austerity have more to worry about even than Greece if the latter unzips from the Euro. Most of the rest of Europe had hoped to first bandage & then isolate Greek economic pain. It was an open secret that most were ready to unmoor Greece from the Euro but all in due time when the process would not put at risk bigger European banks/investors. –More–
http://diplomaticallyincorrect.org/blog_post/greece-unzips-austerity-comes-undone/52157Image

MONEY BUZZ Report: FINANCIAL MARKETS APPROVE END TO AUSTERITY? By Ambassador Mo
Francois Hollande defeating Nicolas Sarkozy may not have been much of surprise, but how about the reaction of investors and the financial markets which normally hate uncertainty? The traditional media are still holding to the old storyline that the markets are shaken by the victory of Hollande, but is that so clear or even accurate? –More–
http://diplomaticallyincorrect.org/blog_post/financial-markets-approve-end-to-austerity/51735Image

MONEY BUZZ Report: IS EURO OVERVALUED? By Ambassador Mo
 The news only seems to get worse for the Eurozone. The ECB (European Central Bank) Chief Mario Draghi just indicated that the area’s economic prospects have deteriorated recently. From Greece to Spain to the presumably more healthy economies, there is greater doubt that they will be able to meet fiscal discipline targets just adopted around the turn of the year. –More–
http://diplomaticallyincorrect.org/blog_post/is-euro-overvalued/51630Image

MONEY BUZZ Report: EUROPE’S POLITICAL WALKING DEAD – AUSTERITY’S ZOMBIES? By Ambassador Mo
Is this the fruit of austerity? – employment spikes & economic activity recedes across the Eurozone, and it is not just Spain or Greece. New Eurozone unemployment rate hit another high of 10.9% (it is much worse for the young) in last several years since global financial crisis. Meanwhile, the PMI (Purchasing Managers Index) dropped below 50 (45.9)which indicates a receding economy. –More–
http://diplomaticallyincorrect.org/blog_post/europes-political-walking-dead-austeritys-zombies/51503Image