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Letters from Europe

URL: http://euroletters.wordpress.com/

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Latest posts
We’ve moved! NEW
Letters from Europe 1 Year, 10 Months, 3 Days, 7 Hours, 19 Minutes ago
This is a “last call” for anyone who would have missed the fact that I’ve moved my writing to the sleek, new bilingual English/French blog at www.craigwilly.info (en français ici). This old blog still passively gets 20-50 clicks a...
Will the prophet Putin be proven right? NEW
Letters from Europe 2 Years, 1 Month, 3 Weeks, 1 Day, 36 Minutes ago
Last November, when the euro-shit really started to hit the fan, Vladimir Putin – with his habitual freedom of expression – predicted the European Central Bank would need to intervene to the tune of €1.5 trillion. Mario Draghi, who beca...
Will the prophet Putin be proven right? NEW
Letters from Europe 2 Years, 1 Month, 3 Weeks, 1 Day, 36 Minutes ago
Last November, when the euro-shit really started to hit the fan, Vladimir Putin – with his habitual freedom of expression – predicted the European Central Bank would need to intervene to the tune of €1.5 trillion. Mario Draghi, who beca...
Draghi : L’équilibre budgétaire passe exclusivement par des réductions de dépenses NEW
Letters from Europe 2 Years, 1 Month, 3 Weeks, 5 Days, 19 Hours, 36 Minutes ago
Mario Draghi, le président de la Banque centrale européenne, a été appelé dans le magazine Foreign Policy « L’homme ennuyeux le plus important du monde ». En effet, dans le contexte actuel de crise financière et budgétaire, la BCE est pe...
Draghi : L’équilibre budgétaire passe exclusivement par des réductions de dépenses NEW
Letters from Europe 2 Years, 1 Month, 3 Weeks, 5 Days, 19 Hours, 36 Minutes ago
Mario Draghi, le président de la Banque centrale européenne, a été appelé dans le magazine Foreign Policy « L’homme ennuyeux le plus important du monde ». En effet, dans le contexte actuel de crise financière et budgétaire, la BCE est pe...
Draghi: Balanced budgets to be achieved through spending cuts alone NEW
Letters from Europe 2 Years, 1 Month, 3 Weeks, 6 Days, 5 Hours, 57 Minutes ago
Mario Draghi, president of the European Central Bank, has been called “The world’s most important boring man”. Indeed, in this context of financial-fiscal fiscal crisis, there is perhaps no more powerful institution in Europe than that which he...
Draghi: Balanced budgets to be achieved through spending cuts alone NEW
Letters from Europe 2 Years, 1 Month, 3 Weeks, 6 Days, 5 Hours, 57 Minutes ago
Mario Draghi, president of the European Central Bank, has been called “The world’s most important boring man”. Indeed, in this context of financial-fiscal fiscal crisis, there is perhaps no more powerful institution in Europe than that which he...
The Economist discovers life not fair NEW
Letters from Europe 2 Years, 2 Months, 6 Days, 6 Hours, 8 Minutes ago
The leading magazine of the global politico-economic elite - The Economist – has an article on the recent controversy over bankers’ pay warning of “The death of meritocracy”. I guess it’s noteworthy for this normally la...
The Economist discovers life not fair NEW
Letters from Europe 2 Years, 2 Months, 6 Days, 6 Hours, 8 Minutes ago
The leading magazine of the global politico-economic elite - The Economist – has an article on the recent controversy over bankers’ pay warning of “The death of meritocracy”. I guess it’s noteworthy for this normally la...
Eurostat: Eurozone debt actually decreasing NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 1 Day, 6 Hours, 32 Minutes ago
…last year. Between June and September 2011, the debt of eurozone governments as a percentage of GDP fell from 87.7% to 87.4%. The recovery’s combination of GDP growth, rising revenue, and falling unemployment meant debt was falling at an annuali...
Eurostat: Eurozone debt actually decreasing NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 1 Day, 6 Hours, 32 Minutes ago
…last year. Between June and September 2011, the debt of eurozone governments as a percentage of GDP fell from 87.7% to 87.4%. The recovery’s combination of GDP growth, rising revenue, and falling unemployment meant debt was falling at an annuali...
Raymond Aron on Europe, Israel, and dual loyalty NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 2 Days, 8 Hours, 13 Minutes ago
Raymond Aron, it is no secret, is my favorite French intellectual of the twentieth century. He was not a Great Philosopher, nor did he create an all-encompassing system, but I think if one had to read one single author to … Continue reading ...
Raymond Aron on Europe, Israel, and dual loyalty NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 2 Days, 8 Hours, 13 Minutes ago
Raymond Aron, it is no secret, is my favorite French intellectual of the twentieth century. He was not a Great Philosopher, nor did he create an all-encompassing system, but I think if one had to read one single author to … Continue reading ...
German official ‘simply doesn’t understand’ rest of world NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 4 Days, 7 Hours, 40 Minutes ago
Gideon Rachman of the FT has great run-down of his recent conversations with German officials and diplomats. There is considerable impatience with the Davos-led, Lagarde-Cameron-Geithner line that Germany has to throw more money at the problem, by bu...
German official ‘simply doesn’t understand’ rest of world NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 4 Days, 7 Hours, 40 Minutes ago
Gideon Rachman of the FT has great run-down of his recent conversations with German officials and diplomats. There is considerable impatience with the Davos-led, Lagarde-Cameron-Geithner line that Germany has to throw more money at the problem, by bu...
Eurozone, the Unravelling (III): The Fake Jobs & Growth Plan NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 6 Days, 19 Hours, 8 Minutes ago
I’ve been reading Molly Ivins so I almost put “like heartless, dumb bastards” but that wasn’t quite in keeping with the style of the publication: Was it the fact that both the IMF and the World Bank warned that the … Con...
Eurozone, the Unravelling (III): The Fake Jobs & Growth Plan NEW
Letters from Europe 2 Years, 2 Months, 2 Weeks, 6 Days, 19 Hours, 8 Minutes ago
I’ve been reading Molly Ivins so I almost put “like heartless, dumb bastards” but that wasn’t quite in keeping with the style of the publication: Was it the fact that both the IMF and the World Bank warned that the … Con...
Europe on Autopilot: How Krugman predicted the euro-mess in… 1998 NEW
Letters from Europe 2 Years, 2 Months, 3 Weeks, 5 Days, 5 Hours, 21 Minutes ago
I came across a December 1998 article in Fortune magazine by the indomitable Liberal economist and Nobel prize winner in which he takes a critical look at the monetary union the Europeans were creating. It’s quite amazing how much has not cha...
Europe on Autopilot: How Krugman predicted the euro-mess in… 1998 NEW
Letters from Europe 2 Years, 2 Months, 3 Weeks, 5 Days, 5 Hours, 21 Minutes ago
I came across a December 1998 article in Fortune magazine by the indomitable Liberal economist and Nobel prize winner in which he takes a critical look at the monetary union the Europeans were creating. It’s quite amazing how much has not cha...
More Anglo-Saxon conspiracy NEW
Letters from Europe 2 Years, 3 Months, 4 Days, 20 Hours, 58 Minutes ago
Eurocrats want you to know the crisis has nothing to do with the flaws inherent in the eurozone system. No, prominent (and normally pro-U.S.) German MEP Elmar Brok  calls it akin to a “currency war” in pursuit of “Anglo-American in...