EconoMonitor

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  • Spain – The Recession May Be Ending But The Crisis Continues

    What follows is an interview I did over the summer with the Madrid based publication The Local. Let’s start with the basics: what are Spain’s current economic problems? Spain’s economic problems are a knock-on effect of the end of Spain’s property boom. The collapse of the property market led to a drop in incomes, depressed […]

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  • The Czech Economy That Didn’t Bounce?

    The Czech republic has been making the news recently. On the one hand the country has been on the receiving end of massive, devastating floods, while on the other the country’s government was brought to the brink of collapse (and beyond)  by the resignation  of Prime Minister Petr Necas following the arrest of one of his most trusted aides on corruption charges. After the […]

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  • The Second Battle Of Thermopylae

    According to legend and some historians, by making a stand in the Thermopylae pass 300 brave Spartans valiantly saved the day for the entire Greek army in the face of a Persian force of overwhelming strength and manpower. More than 2,000 years later some 11 million Greeks might be considered to have carried out a rather similar operation […]

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  • The Real Experiment That Is Being Carried Out In Japan

    The future never resembles the past – as we well know. But, generally speaking, our imagination and our knowledge are too weak to tell us what particular changes to expect. We do not know what the future holds. Nevertheless, as living and moving beings, we are forced to act. – John Maynard Keynes Discussions of […]

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  • Does Portugal Have Its Own “Shortage Of Japanese” Problem?

    In a number of posts recently I have highlighted the impact of declining workforces on economic growth (here, for example, or here, or here) and the way the policies persued to address the Euro debt crisis are having the impact of  accelerating the movement of young people away from the periphery and towards the core (here, […]

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  • The Suitcase Mood

    Suitcase mood is a Russian website with travel and tourism content. The term is also a popular expression widely used within Russian culture to describe the state of mind which grips a voyager on the brink of a journey. The mood is often associated with a ritual which involves the departing person sitting, sometimes accompanied by family […]

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  • The A-b-e Of Economics

    And the world said “Let Shinzo Abe be”, and all was light. A new craze is sweeping the planet. Known by the title “Abenomics” over the last couple of years it has been steadily gathering adepts in financial markets across the globe. Despite the fact Abe’s move fits comfortably within the austerity vs growth policy […]

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  • Beyond Their Ken?

    Spain’s economic problems now form part of such a complex web of cause and effect, action and reaction, that it is getting increasingly difficult for laymen, journalists and politicians alike to get to the core of what is actually happening. “To a herd of rams, the ram the herdsman drives each evening into a special […]

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  • Does Emigration Put Spain’s Health and Pensions System At Risk?

    According to the Economist’s Buttonwood, “desperate times require desperate measures”. I am sure this is right, times in Spain are certainly getting desperate and many of the measures being implemented in Brussels, far from representing radical and innovative solutions look much more like continually closing the barn door after the horse has bolted. The issue […]

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  • When Is A Promise Not A Promise?

    Mario Draghi is proving to be a man of his word. He said he would do whatever he needed to do to hold the Euro together, and – so far so good – he has. Up to now of course some would say his will has not been truly tested, since all he has had […]

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