finanzmarkt

The Irish Lesson, or: it’s Competitiveness, Stupid!

A guest commentary by Henry Kaspar Ryan Avent, economics correspondent for the Economist, has written a puzzling reply to our host Kantoos in which Avent insists on blaming (mostly) Germany for the lack of a solution to the euro crisis. Puzzling is thereby less the blame, but the disconnect between Avent’s nuanced analysis of the crisis in the article’s first part …

It’s Not Just the ECB / es ist nicht nur die EZB

A guest commentary by Henry Kaspar [with update] Paul Krugman and other commentators are singing the euro’s swan song, treating the disorderly break-up he euro area as a quasi fait accompli. Moreover, Krugman writes a first draft for the history books: Let’s just say that the euro was an inherently flawed idea that can work only given a strong European economy and …