Yesterday’s blog entry was entitled: ‘The so-called bail-out: The EU and Ireland in a sado-masochistic relationship’. In fact the support being provided is a mixture of EU, national government and IMF support, and I used ‘EU’ as a short-cut. However, as more details of the deal emerge, it seems that the short-cut was more literally [...]
A couple of years ago I wrote a report on the Polish elections of 2005. With characters and parties such as the (since then fortunately marginalised) extremist political loony Andrzej Lepper, the racist and homophobic League of Polish Families, and the populist Kaczynski twins taking over government, I mused in a private message how such [...]
Various eminent economists – amongst them, Paul Krugman, Joseph Stiglitz and Robert Skidelsky[i] – have attacked ‘deficit hysteria’ as based on weak economic evidence and poor theory; i.e. as being ‘economically illiterate’. The right-wing of the profession – not just in Britain but in Frankfurt and Washington – has struck back, digging hard into the [...]
Frank Rich wrote in yesterday’s NYT, in an article under the telling-it-all title “Still the Best Congress Money Can Buy”: The Great Depression ended the last comparable Gilded Age, of the 1920s, and brought about major reforms in American government and business. Not so the Great Recession. Last week, as the Fed’s new growth projections [...]
After his paternity leave, Ed Miliband is now getting serious about reforming the British Labour Party. And I have to say that he is addressing exactly the right issues. The vast majority of what has been discussed on this website for over a year is reflected in the renewal process now starting to take shape. [...]
In a few days the next Climate Change Conference will start in Cancun, Mexico, and even if a comprehensive global agreement will not be signed, a package of decisions for climate protection must be delivered. After the setback in Copenhagen last year, it is of great importance to reach substantial progress to keep the climate [...]
In the wake of the Irish crisis, Timothy Garton Ash passed a damning judgment on the government of Angela Merkel: “If the eurozone falls apart, it will be because Germany did not do enough to save it” (Guardian 25 November 2010). This has a certain superficial appeal, because German inflexibility on debt management and its [...]
Watch Carmen de Paz Nieves, IDEAS Foundation, Spain, discuss issues of European political economy. [vsw id="17027019" source="vimeo" width="425" height="344" autoplay="no"] This speech was recorded at the “A Political Economy for the Good Society Conference” organised by the FES London and Compass on 18/19 November 2010.