The end for a paper tiger

Posted by Florian Pantazi on 23/11/10

For over two decades now, we got used to being force-fed by the English-speaking media with regular upbeat stories about Ireland, EU’s own “tiger”. Thus for the first time in the young republic’s history, “the luck of the Irish” fatalism had given way to optimism and to the widely shared belief that Ireland had finally made it. [...]

Recovery choices for “the lawyers’ republic”

Posted by Florian Pantazi on 22/11/10

A few days before President Obama’s departure for Lisbon, two prominent Democrats exhorted him in the columns of Washington Post to announce publicly that he would not run for a second term in office. Having been seen as the best hope for the Democrats’ election chances in decades, President Obama is regarded these days as [...]

Why the US decided to start a currency war

Posted by Florian Pantazi on 17/11/10

For a few months now we are bombarded with news about an impending currency war as a result of the Chinese reluctance to allow their currency to appreciate against the dollar. The US, as the promoter of the latest round of China-bashing, has even enlisted the help of some of the EU’s high representatives. Not surprisingly, [...]

Q3 Eurostat data – bad news for EU

Posted by Florian Pantazi on 15/11/10

The third quarter Eurostat statistics prove beyond a doubt that the recession is back. Even Germany, which in the second quarter managed 2.3 percent economic growth, is now down to 0.7 percent growth. The average growth in the third quarter for the EU as a whole is a paltry 0.4 percent. Draconian austerity measures hit [...]

Austerity, QE2 and the global economy

Posted by Florian Pantazi on 02/11/10

Last week’s top-level political meetings which took place in Brussels and Hanoi ended up with similar calls on the US to avoid stimulating the American economy by printing more dollars. Trying to stimulate growth by flooding the American banking system with liquidity is only of marginal importance to the US economy’s woes. Yet this is [...]

G20 ministerial meeting, a mere photo opportunity

Posted by Florian Pantazi on 26/10/10

The G20 finance ministers’ meeting which took place last weekend in Gyeongju, South Korea, did not do much to ease fears of a potential currency war between developed and developing nations. The only worthwhile achievement was an IMF-brokered decision to increase India, China and Brazil’s clout and voting power on the IMF board. Geithner’s initiative for reducing trade imbalances, squarely aimed at China, [...]

The euro: tough sanctions not the answer

Posted by Florian Pantazi on 24/10/10

The recent Merkel-Sarkozy compromise regarding penalties against EU states which ring up big budget deficits has been attacked by German coalition partners, experts and the press for being too mild on offenders. In an article published on Europe’s World (“Designing a new institutional architecture for the eurozone”), Mr. Jurgen Stark, executive board member of the [...]

IMF 2010: Agreeing to disagree

Posted by Florian Pantazi on 12/10/10

The IMF’s semi-annual meeting in Washington this weekend has failed to produce concrete proposals aimed at avoiding a currency war. The unrealistic pressure put on China to allow the yuan to suddenly appreciate by 20 percent has been strongly resisted by Zhou Xiaochuan, the Chinese central bank’s governor. He had good reason to do that: a big rise [...]

Krugman on Eurozone Economies

Posted by Florian Pantazi on 15/05/09

In the first quarter of 2009, eurozone economies have contracted for the first time in 60 years by around 2.5 percent. Unemployment is expected to rise to around 10 percent of the workforce by 2010, while consumption of goods and services has decreased accordingly. All across the continent, car makers, builders and exporters are feeling [...]

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    • Le pape François et "l'économie des retombées" May 18, 2014
      L'Eglise romano-catholique a toujours été concernée avec les aides pour les pauvres, leur éducation et leur bien-être. Les derniers trente ans, toutefois, la plus puissante église chrétienne du monde a pris congé de ce devoir millénaire, sous les pontificats des papes Jean Paul II et Benoît XVI. Pendant cette période, le problème de la pauvreté et les p […]
      Florian Pantazi
    • L'Europe à la traîne February 23, 2014
      Dans une enquête de 68 pages publiée récemment, la Croix Rouge Internationale révèle que, à la suite de la crise financière et en lien direct avec les politiques d'austérité, plus de 120 millions d'européens risquent de basculer dans la pauvreté et que 40 millions ne peuvent déjà pas manger à leur faim. La secrétaire générale de la Federation Inter […]
      Florian Pantazi
    • The fight against poverty in France February 15, 2014
      When right-wing politicians are talking poverty these days, they like to blame people down on their luck for their problems and stigmatize them as “lazy”, prone to cheat the social security system and more interested in getting handouts from the government than look for a job. This kind of political attitude is more widespread within the UMP, the great loser […]
      Florian Pantazi

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