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  • Happy Anniversary To The All-Time Highs [View article]
    Only QEx is putting a bottom in the stock market.
    But if doesn't hold, I fear a full-blown crash.
    Oct 10, 2012. 05:05 PM | 2 Likes Like |Link to Comment
  • Spain: 2 Recent Developments With Long-Term Consequences [View article]
    One of the biggest problems in Spain is the astonishing lack of knowledge of the English language.
    When you visit Spain and you try to communicate in English most of them are even insulted.
    When my company schedules a meeting my Spanish colleagues are almost never invited, just because they don't understand English.
    This general lack of knowledge of the English language has huge devastating consequences. There is almost no migration or travel to non-Spanish speaking area's , and hence a lot of opportunities are missed.
    My Marshall plan for Spain would be: offer the Spanish youth an intensive English language course in an native English speaking area. On TV: broadcast the original versions with subtitles in Spanish, ...
    Apr 30, 2012. 06:36 AM | 2 Likes Like |Link to Comment
  • Why Germany Should Leave The Eurozone [View article]
    I agree with one sentence: "The Euro is a political currency".
    All other speculations are nonsense !

    The ECB can stop this crisis in a blink.
    The whole brouhaha is to finally convince the German electorate that intervention by the ECB and euro bonds are necessary to save the euro.
    Jan 5, 2012. 11:12 AM | 3 Likes Like |Link to Comment
  • Why Europe's Debt Crisis Is Taking So Long [View article]
    Excellent Article.
    It gives a very correct interpretation of the current situation in the eurozone.
    The eurozone is a political project and the current problems can only be solved by politicians.
    Nov 11, 2011. 08:16 AM | Likes Like |Link to Comment
  • European Crisis Postponed; Investors Face Momentous Decision [View article]
    Do not forget that the eurozone is in the first place a political project. Merkel wants to realize a treaty modification in the Member States of the eurozone. Real solutions, such as eurobonds and unlimited interventions of the ECB will only come on the very strict and enforceable rules specified by Germany.
    Oct 27, 2011. 10:30 AM | 1 Like Like |Link to Comment
  • Stocks hit as Greece tries to convince creditors [View article]
    " Angela Merkel's government suffered a big electoral defeat in Berlin, which more or less wiped out her FDP coalition partners."

    Actually, this is a very hopeful sign from the German voters, who have clearly DISAPPROVED the euro-sceptical hard and unrealistic attitude of the FDP.
    In Germany, many are now even talking about " the insolvency of the FDP ".

    Sep 19, 2011. 08:01 AM | Likes Like |Link to Comment
  • German vice chancellor: no to eurobonds [View article]
    "We must all hang together, or assuredly we shall all hang separately" (Benjamin Franklin)
    Aug 20, 2011. 12:17 PM | 1 Like Like |Link to Comment
  • Going Dutch: One Possible Solution to the Euro Debt Crisis [View article]
    The politicians (also the Germans) KNOW that the ECB must play it's role as lender of last resort in order to stabilize the eurozone.
    The only problem is how to "sell" this to the voters.

    The solution is just to let the situation ESCALATE in that way that finally the politicians can explain to their voters that this decision (ECB lender of last resort, Eurobonds, Euro Government ,...) was the last option to save the Euro.

    Aug 17, 2011. 01:01 PM | 2 Likes Like |Link to Comment
  • SNB Fails to Meet Market Expectations; EUR/CHF Drops [View article]
    Switzerland actually has only one valid option: joining the EU and the eurozone.
    Aug 17, 2011. 12:46 PM | Likes Like |Link to Comment
  • “European Leaders Have Failed” [View instapost]
    The analysis of professor De Grauwe has the merit that it explains in simple words what is going wrong in the Eurozone.

    Politicians now need to act quickly: the ECB must be allowed to play it's role of lender of last resort.

    Also there must come a quick end to the always escalating debts of governments, and this ensured by binding rules.
    Aug 14, 2011. 01:37 PM | Likes Like |Link to Comment
  • No quick exit for eurozone from debt crisis [View article]
    If you really want to understand what is going on in the eurozone, please read the excellent analyses of professor Paul De Grauwe in his online available document
    "The governance of a fragile Eurozone. CEPS Working Document No. 346, May 2011".

    Aug 11, 2011. 04:46 PM | Likes Like |Link to Comment
  • Heading for the Cliff [View article]
    Democracy itself has to be modernized: having two or more institutions (the Senate , the House, the President, ...) each with blocking powers is actually the problem.
    Jul 29, 2011. 12:49 PM | Likes Like |Link to Comment
  • Mission Impossible: How Can Greece Exit the Euro? [View article]
    The Euro-zone is a political project. A one way ticket, with on purpose no exit strategy to underline the will to stay together, in good and bad days !
    Therefore the question " How can Greece exit the Euro?" is irrelevant.
    It will not happen. You could compare it with California leaving the US Dollar zone.
    The high tension is maintained to press the Greeks to make the necessary reforms and to become a modern nation.
    But even if the austerity program is rejected, some political solution will be found.
    Jun 28, 2011. 04:03 PM | 1 Like Like |Link to Comment
  • EMU May Not Be Cooked in Greece [View article]
    The problems in Greece and else in the world are actually a flaw in the democratic rules.
    Following sentence should be added to the constitution:

    "As from a GDP of 60% all new public loans are obligatorily and proportionally assigned to all natural tax payers, at an interest rate of 1%."

    Politicians, as well as voters would think twice before crossing the debt limit.
    Without such a limitation, politicians are often encouraged by their voters to distribute unsustainable advantages.
    Jun 21, 2011. 10:39 AM | 1 Like Like |Link to Comment
  • Why Germany Shouldn't Leave the Euro [View article]
    None of the countries will leave the euro-zone. The EU and the Euro are political projects. They are here to stay.

    The current turmoil is only maintained as 1) a weaker Euro is better for the export b) Greece is kept under pressure to fulfill it's austerity path.

    If necessary, further measures could be taken:
    1) a (partly) nationalization of the Greek dept: Greek tax payers would be forced to accept state debt, at a low interest percentage.
    2) if Greece shows it's willingness to cut spending, the EU will finally issue real euro-bonds

    A lot of economists think the Euro will not survive.
    They are wrong: the EU is just learning, inventing the rules how to handle correctly the euro zone.
    Actually, after all this turmoil will be settled, the Euro might become the embryo of a world currency. Not in the sense that it will replace the dollar as reserve currency, but in showing how countries can work together with a common currency.

    A stable world currency would be a blessing for us all.
    Only forex traders would miss their gamblings.
    May 26, 2011. 03:44 PM | Likes Like |Link to Comment