Tag Archives: Germany

Germany’s Credit Fuelled Growth – Facts and Incomplete Recommendations

Posted on December 5, 2014 by fmpdea

Some time ago, I came across this European Voice article by Adair Turner, senior fellow at the Institute for New Economic Thinking and at the centre for financial studies in Frankfurt. He argues that German growth has been fuelled by foreign … Continue reading →

Posted in Economic Concepts, European History, European Integration, Sovereign debt Crisis, Uncategorized, Visions of the Political Future of Europe | Tagged 1923, Adair Turner, Competitive Devaluation, current account, Debt Monetisation, ECB, Euro-Zone Crisis Management, Euro-Zone exit, George Soros, Germany, Germany's credit-fuelled growth, Hyper-inflation, Leverage, Moral Hazard, Optimum Currency Area, Ruhr, Savings, Seignoriage, Unit Labour Costs, Weimar Republic, Zimbabwe | Leave a comment

3 Accounts of Euro-Zone Crisis Management

Posted on November 21, 2014 by fmpdea

If you are interested in EU integration and if you’ve been following the Euro-Zone crisis for the last 5 years, then last week would have definitely registered the publication of the following blog post by Peter Spiegel on the FT’s Brussels … Continue reading →

Posted in A € for your Thoughts, ECB, European History, European Integration, European National Politics, Finance, Media Coverage, Sovereign debt Crisis, Visions of the Political Future of Europe | Tagged Deauville, Debt haircut, Discord, Draghi, EFSF, Euro-Zone Crisis Management, European Leadership, France, Geithner, Germany, Greece, Ireland, Matt Persson, OMT, Peter Spiegel, Sovereign debt crisis negotiations, Tony Barber | Leave a comment

Economic Growth and Military Expenditure: R&D, Consumption, Capture – What Future for Europe?

Posted on April 24, 2014 by fmpdea

Before anything else, I want to start by acknowledging the fact that the focus of this article represents a relatively narrow section of what is an enormously interesting, fertile and relevant field of economics with much to contribute to societal welfare and … Continue reading →

Posted in Economic Concepts, European History, European Integration, Political Concepts, Visions of the Political Future of Europe | Tagged Acemoglu et al. (2010), Atomic energy, Barro and Redlick (2011), Bionics, CERN, CFSP, China, Computers, Economies of Scale, European Military Integration, Exoskeletons, Fiscal Multipliers, France, Funding Government Spending, Germany, Ilzetzki et al (2010), Internet, Military Capture, Military coups, Military R&D, Missiles, Patents, Quantum Computing, R&D and Economic Growth, Research and Development, Returns to scale, Robotics, Ruttan (2006), Touchscreens, USA, World Wide Web, WWW | Leave a comment

German Elections – Voter Intention Polls and FDP Blunders

Posted on September 20, 2013 by fmpdea

This post reviews the recent voter intention polls in Germany, the trends over the last 4 years, the loss of popularity of the FDP and the pyrrhic success of the Greens.

Posted in Current Events, European National Politics, Sovereign debt Crisis, Uncategorized | Tagged CDU, CSU, Euro-Zone Sovereign Debt Crisis, FDP, German Elections 2013, Germany, Greens, Japan Tsunami 2011, March 2011 Regional Elections Germany, Merkel, SPD, Voter intention polls, Voter intention surveys | Leave a comment

How Will Europe’s Crisis End? And When?

Posted on September 13, 2013 by fmpdea

This post is based on a report I wrote some time ago about the future of the Euro-Zone crisis. It is divided in four parts: The first offers a recap of the crisis until May 2013. No details as to … Continue reading →

Posted in European Integration, Finance, Risk Scenario Analysis, Sovereign debt Crisis, Uncategorized, Visions of the Political Future of Europe | Tagged Crisis, Cyprus, ECB, EU, Euro-zone, Euro-Zone breakup, European Central Bank, European Fiscal Federalism, European Union, EZ, Fiscal Federalism, France, Future of the Euro-Zone, Germany, Greece, How Will Europe’s Crisis End?, Ireland, Italy, Portugal, Sovereign debt, Sovereign Debt Crisis, Sovereign debt Yields, Spain, Stealth Mutualisation, When will the Euro-Zone Crisis end? | Leave a comment

Elections in Europe 2013: Calendar and Voter Intention Surveys – France, Greece, Italy, Austria and Germany

Posted on January 30, 2013 by fmpdea

In the following lines I provide a brief calendar of the relevant elections ahead. Following this, I summarise the likely outcome of these elections in light of the present and past voter intention surveys. Much will change in the next … Continue reading →

Posted in European National Politics | Tagged 2013. Austrian Elections 2013, Beppe Grillo, Berlusconi, Bulgaria, Calendars, CDU, Czech Republic, Der Linke, Elections, FDP, France, Germany, Greece, Hollande, Italy, Lithuania, Merkel, Monti, New Democracy, Papademos, PASOK, Pirate Party, Slovakia, Slovenia, SPD, Voter intention polls, Voter intention surveys | Leave a comment

The European Banking Union Negotiations – Supervision

Posted on December 9, 2012 by fmpdea

The banking union is a particularly important item in the long term reform agenda of the EU/Euro-Zone, and one that has often been neglected. In a crisis that is characterised by the linkages between public finances and the banking sectors, … Continue reading →

Posted in Banking, ECB, European Integration, European Interdependences, Finance, Inflation, Sovereign debt Crisis, Week Ahead | Tagged Banking Union, Denmark, ECB, European Bank Deposit Guarantee, European Bank Deposit Guarantee Scheme, European Banking debt resolution, European Banking Supervision, European Banking Union, European Banking Union Negotiations, Financial Stability, France, Germany, Landesbank, Landesbanken, Price Stability, Scope of supervision, Spain, Sweden, UK, Voting rights | Leave a comment

A Brief Review of the Eurosystem’s TARGET2 Imbalances

Posted on November 5, 2012 by fmpdea

This post is a long overdue look at the infamous TARGET2 (im)balances, which are yet another symptom of the ongoing malaise in the Euro-Zone. I do not claim to make any new contribution in this post, whose motivation was exclusively … Continue reading →

Posted in Aides Memoire, Banking, ECB, Economic Concepts, Finance, Indicators, Inflation | Tagged Accounting, Assets, Balance of Payments, Banking Union, Banks, Buiter, Capital Flight, Central Banks, Clearing, Core, Corporates, Current Account Deficits, Deposit Facility, Deposit Flight, ECB, ECB Longer Term Refinancing Operations, ECB's Main Refinancing Operations, Equity, Euro, Euro-zone, Euro-Zone Banking Union, Eurosystem, Foreign deposit flight, Former Soviet Union Republic, Former Soviet Union Republics, FSURs, Germany, Households, ISA, Koning, Liabilities, LTRO, MRO, OMTs, Outright Monetary Transactions, overdrafts, Periphery, Ruble-Zone, Seignioreage, Settlements, Sinn, SOMA, Spain, Target2, TARGET2 imbalances | 5 Comments

On Banking Unions – Concepts, their Status, Proposals & Examples

Posted on June 29, 2012 by fmpdea

The point of this post is to summarise existing information about banking unions. This is a very vague term that incorporates several concepts. Therefore clarifying this seems quite timely, in light of ongoing discussions. This is briefly described in the … Continue reading →

Posted in Banking, Economic Concepts, European Integration | Tagged Bank Insolvency Resolution and Restructure System, Bank Insolvency Resolution System, Bank Insolvency Restructure System, BIS, Deposit Guarantee Schemes, Deposit Guarantee Schemes (DGS), DGS, ECB, EU legislation, European Banking Union, European Commission, European Union, Existing EU legislation, Financial markets, Financial Supervision, Germany, IMF, MRO Cut, Nowotny, Praet, Proposed EU legislation, Single Market, UK Parliament, World Bank | Leave a comment

Divergence in the Euro-Zone: Famous, Obscure and Predictable Facts

Posted on June 26, 2012 by fmpdea

In a previous post about the theory of optimum currency areas (OCA), asymmetric shocks, structural problems and the intrinsic need that this creates for the institution of a fiscal union, I argued that incomplete by monetary unions (i.e.: lacking a … Continue reading →

Posted in Economic Concepts, Euro-zone Update, European Interdependences, Uncategorized | Tagged Divergence, Euro-zone divergence, France, GDP, Germany, Government Bond Yields, Greece, Inflation, Ireland, Portugal, Potential GDP, real Exchange Rate, Spain, ULB, Unemployment, Unit Labour Costs | Leave a comment