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Cyprus Bailout Puts New Pressure on Europe's Banks - New York Times

Cyprus Bailout Puts New Pressure on Europe's Banks - New York Times | European Macro | Scoop.it
New York Times Cyprus Bailout Puts New Pressure on Europe's Banks New York Times Analysts warned that investors in Southern European banks, which already have received bailouts from local governments, could face more losses if additional funds were...
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Rescooped by Harry Burdon from Unit 2 AS Macro - Managing the Economy
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EU leaders agree budget cut deal

EU leaders agree budget cut deal | European Macro | Scoop.it
EU leaders meeting in Brussels reach a deal on the budget for 2014-20 which involves the first-ever real-terms cut.

Via Cranbrook Economics
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Cranbrook Economics's curator insight, February 8, 2013 12:06 PM

The first multi-annual budget cut since it's inception has been announced in Brussels. Less financial contributions from the UK has essentially been hailed by the coalition government as a huge success at a time when every penny saved by the government in the UK well ease austierty for the British tax payer. What do we think the consequences will be in the coming months regarding political and economic tensions in the eurozone???

Harry Burdon's comment, February 12, 2013 3:10 PM
We have to remember that Cameron was supported by market when it came to the austerity. Bring in the Norwegians, Danish and Swedish and there's not much anyone can do. The south long for investment and the people who have the potential ability to help will not. So we have a stale mate. As for consequences, I can't see many in the near future for the reasons above, the Greeks and the Spanish just do not have to political or economics influence to have an impact.
Harry Burdon's comment, February 12, 2013 3:11 PM
Cameron was supported by merkel
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Central Bank Chief Says Euro Rise Is Sign of Confidence - New York Times

Central Bank Chief Says Euro Rise Is Sign of Confidence - New York Times | European Macro | Scoop.it
CNBC.com (blog) Central Bank Chief Says Euro Rise Is Sign of Confidence New York Times FRANKFURT — The recent rise of the euro is an expression of confidence in the euro zone, the president of the European Central Bank, Mario Draghi, said Thursday,...
Harry Burdon's insight:

Confidence is what the euro needs, but to much could cause the value of the euro to rise against the dollar too much. This could cause the European exports to become real actively expensive leading to less trade with out side countries, not what the euro needs.

 

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Wall Street falls on renewed worries about Europe's economy - Reuters

Wall Street falls on renewed worries about Europe's economy - Reuters | European Macro | Scoop.it
Business Insider Wall Street falls on renewed worries about Europe's economy Reuters NEW YORK (Reuters) - Shares fell on Thursday after the euro currency dropped against the safe-haven dollar and yen, raising worries about Europe's outlook and...
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Cyprus Bailout Gives Excuse to Sell Bank Stocks - Wall Street Journal (blog)

Cyprus Bailout Gives Excuse to Sell Bank Stocks - Wall Street Journal (blog) | European Macro | Scoop.it
Wall Street Journal (blog)
Cyprus Bailout Gives Excuse to Sell Bank Stocks
Wall Street Journal (blog)
Financial stocks are the worst of the 10 S&P 500 large-cap sectors, falling more than 1%, while the KBW Bank Index recently fell 1.3%.
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High-speed rail could set Britain - and Europe - on the path to recovery

High-speed rail could set Britain - and Europe - on the path to recovery | European Macro | Scoop.it
Robert Skidelsky: The chancellor's fiscal policy has been a disaster – a growth-first strategy driven by a bond-funded HS2 could be the answer

Via Geoff Riley
Harry Burdon's insight:

veryivory interesting how the use of large scale development using short term "cheap loans" a viable solution to recovery. also the idea behind hs2 bonds is ingenious!

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Geoff Riley's curator insight, February 6, 2013 2:36 AM

A straightforward Keynesian perspective from the biographer of Keynes. Public sector investment when provate sector demand is depressed.

Mr Threlfall's curator insight, February 6, 2013 7:45 PM

Perfect for todays year 12 lesson.

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Ireland unveils ECB deal to slash bank-bailout costs and deficits, extend ... - Washington Post

Ireland unveils ECB deal to slash bank-bailout costs and deficits, extend ...
Harry Burdon's insight:

Could this really solve the ailing economies differences? Possibly, reducing the deficit is their way out of trouble but rather than reducing austerity to labour why not spend what they have now saved on infrastructure and make good use of Keynesian economics.

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