Spain puts itself in Handcuffs

David Lizoain

George Irvin and Andrew Watt have already pointed out the folly of the debt brake for Europe in general and Spain in particular. We shall see if Spain’s proposal to limit its structural deficit to 0,4% GDP will hold up until 2020 (when it is supposed to take effect). We shall see if the Spanish [...]

Swedish Labour Movement Think Tank elected new Board

ats logga

At the AGM on Monday the Swedish Labour Movement Think Tank (Arbetarrörelsens tankesmedja) elected a completely new board. The board is now composed solely of women. Kerstin Alnebratt who has a PhD in Gender Studies and is director of the Swedish National Secretariat for Gender Research at the University of Gothenburg was elected president. Between 1994-2002 she [...]

Rising unemployment: please not 1995/96 all over again

EA unemployment absolute and changes, in thousands

To see why the renewed rise in unemployment in the euro area, by 150,000 in the last three months, is so worrying, it is useful to look at the experience of the last two major downturns and the subsequent recoveries – or failed recoveries. The chart shows the level of unemployment in the euro area [...]

150,000 more reasons why the ECB was wrong to raise interest rates

watt

The ECB raised interest rates on 13 April and again on 13 July. That that was a mistake was evident at the time (here and here). We have since seen  how the predicted worsening of the situation for peripheral countries has indeed come to pass. As of today we have 150,000 more reasons to protest [...]

On the Young having nowhere to Escape

zygmuntbauman

In the report under the title “Pas de rentrée pur les ‘Ni-Nis’”, Le Monde tells the story of 17-years old Yetzel Decerra living with his parents in the North of Mexico and one of the activists of the “Movement of the Excluded from Higher Education”, founded in 2006. “No place for me in public education, [...]

Will a eurobond save the euro?

Irvin

Instead of writing about needing a plan C (where C = catastrophe), I am going on holiday until the third week of September, but this excellent piece by Wolfgang Münchau (FT 28 Aug 2011, ‘Even a joint bond might not save the euro’; http://on.ft.com/q5W1dH) admirably sums up the situation in the Euro Area. I would [...]

New book by Dean Baker

Dean baker book cover

The indefatigable Dean Baker, one of America’s most stimulating economic commentators, has a new e-book out, entitled The end of loser liberalism: making markets progressive. It can be downloaded for free as a pdf here. It is written primarily for an American audience: the ‘liberalism’ of the title refers to what Europeans would call ‘the [...]

9/11 – A Duty to Remember, but What?

Bradley Evans

The violence witnessed ten years ago was spectacularly horrifying. Mass death quite literally broadcast “live”. Many images of that fateful day still linger. We still recoil at the moment the second plane impacted, the point at which we knew this was no accident. Our memories can still recall that frozen transience, the same experienced shared [...]

On Glocalization coming of Age

zygmuntbauman

One is tempted to say: social inventions or re-inventions (as the newly invented/discovered possibility of restoring to the city square the ancient role of the agora on which rules and rulers were made and unmade) tend to spread “as forest fire”. One would say that, if not for the fact that globalization has finally invalidated [...]

Swedish Social Democratic Women elected intellectual

Untitled

On Saturday The National Federation of Social Democratic Women in Sweden (S-kvinnor) elected Lena Sommestad as its new president. Sommestad was proposed by a unanimous nominating committee earlier this summer and won against the sitting president Nalin Pekul with 64 votes against 34 at the biannual conference in Luleå in northern Sweden. Lena Sommestad became known [...]

Joseph Stiglitz on the Deficiencies of Macroeconomics

stiglitz

Joseph Stiglitz gave this interesting talk at a meeting of economics Nobel Laureates in Lindau:

Danish elections to be held in three weeks

Jansson

A few days ago I wrote about an opinion poll in Denmark. Now Prime Minister Lars Løkke Rasmussen has announced that parliamentary elections will be held on September 15th. That is only three days after the Norwegian voters go to the ballot boxes in the local elections. These are two important dates if you want [...]