Austerity ends in Eurozone, Germany is isolated

Thank god it will not be any more the economists to set the course of economic policy in Eurozone but the people and the politicians. Whatever bad things one may think about politicians, there is one thing that nobody can deny; they can hear the people. In this case the theory of Reinhart – Rogoff proposing […]

EU Commission: Growth first then fiscal consolidation

  The European Commission, the EU’s executive body, released yesterday its spring forecast for the economic prospects of the Union in 2013-2014. There are three issues to watch in the released text and also in what Olli Rehn, Commission Vice-President for Economic and Monetary Affairs had to say in a press conference in Brussels. Firstly […]

Why Eurozone’s problems may end in a few months

After Manuel Barroso, President of the European Commission, questioned loudly last Monday the one-sided character of the severe austerity policies currently applied in a number of Eurozone countries, yesterday it was the turn of Commission’s vice President Ollie Rehn, directly responsible for this tough strategy, to argue openly and clearly in favour of a relaxation. […]