Ongoing European Debt Crisis:

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2601 Quag1530th Jan 2014 11:20:18 AM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
Turkey must be feeling glad for not have joined the EU.
Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2602 storyyeller30th Jan 2014 04:15:27 PM from Appleloosa , Relationship Status: RelationshipOutOfBoundsException: 1
More like giant cherries
The Economist has been warning that Turkey was a currency crisis waiting to happen for ages. I guess the difference is that now there's a political crisis too (well it started last summer but it hasn't gotten better).
Life is simple: it has no nontrivial normal subgroups.
2603 Fighteer31st Jan 2014 12:39:32 PM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
Inflation in the Eurozone is low. Way too low, in fact. As Krugman notes, with charts, core Eurozone inflation is so low that it's driving real interest rates negative and worsening the liquidity trap. Inflation is desperately needed to clear the overhang of debt, both at the consumer and national level.

Much more of this and Europe will cross the line into actual deflation, like Japan already did.
2604 DeviantBraeburn2nd Feb 2014 01:13:01 PM from Dysfunctional California
Wandering Jew
Everything is Possible.

But some things are more Probable than others.
JEBAGEDDON 2016

2605 Ramidel2nd Feb 2014 06:56:43 PM , Relationship Status: Above such petty unnecessities
2606 Quag152nd Feb 2014 07:13:01 PM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
[up][up] They say that "third time's the charm", but I doubt the expression will come true.

Also, what do you guys think about Portugal's current situation? Will my country have an exit Irish-style or will my country need a cautionary program (or whatever it's called)?
Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2607 Fighteer2nd Feb 2014 07:31:48 PM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
Do you have details or links? I'm able to understand most econoblogs but I'm hardly an analyst myself.
2608 Quag152nd Feb 2014 07:39:15 PM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
BNP Paribas report/small analysis.

Portugal will head to debt markets in early 2014.

Portugal May Need Precautionary Aid Package, French Finance Minister Moscovici Says.

Some people call it precautionary program, while others only refer to it as precautionary credit line. But I assume it's pretty much the same thing.

edited 2nd Feb '14 7:40:35 PM by Quag15

Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2609 RadicalTaoist5th Feb 2014 03:43:26 PM from the #GUniverse
scratching at .8, just hopin'
Cross-posting from the U.S. Politics thread, a bit of Charlie Pierce! Bankers from the Anglo-Irish bank put on trial. Ireland has the right idea.

2610 Greenmantle22nd Feb 2014 02:00:17 PM from Greater Wessex , Relationship Status: Hiding
Double-N
"It's been a long, hard road but you must carry on"
2611 Fighteer22nd Feb 2014 03:44:51 PM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
I don't know, Greenmantle. Which do you think I'm more concerned about — being correct or having Europe recover from its slump?
2612 DeviantBraeburn26th Mar 2014 03:07:19 PM from Dysfunctional California
2613 Greenmantle10th Apr 2014 08:07:12 AM from Greater Wessex , Relationship Status: Hiding
Double-N
"It's been a long, hard road but you must carry on"
2614 Fighteer11th Apr 2014 08:10:47 AM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
Speaking of Greece and Europe in general, apparently some measures of economic growth have ticked up slightly lately, giving more fuel to the austerians' cries of "Success!"

As Krugman notes [1] [2], a quarter of slightly-up after a long decline does not mean you're magically all well again, and the uptick in Britain is seemingly correlated to the relaxation of austerity policies, not their continuation.

It's the old analogy of the baseball bat — beating yourself with it may seem like the moral thing to do, and how do you know it's worked? Because it feels so good when you stop.
2615 Quag154th May 2014 11:32:41 AM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
Greece seeks to open debt relief talks with creditors.

It feels like an exercise in pointlessness.
Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2616 Achaemenid4th May 2014 11:46:08 AM from Teutoburger Wald , Relationship Status: And here's to you, Mrs. Robinson
ROMANI ITE DOMVM
If they get it, it's something.
Quintili Vare, legiones redde!

Give it up.
2617 Fighteer5th May 2014 07:07:54 AM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
Like bailing out the Titanic, it's just a way to keep the broken engine of the Eurozone limping along a little longer. Still, if it helps alleviate the suffering of the Greek people, it's at least worth trying.
2618 DeviantBraeburn7th May 2014 07:56:55 PM from Dysfunctional California
2619 Quag158th May 2014 07:35:34 PM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2620 Fighteer9th May 2014 07:28:27 AM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
"Eurozone Fiscal Myths" — Krugman's done the work, and the repeated cries of "irresponsibility" in the debtor nations that fuel the story that they deserve the austerity that's being inflicted on them are true for one and only one of those nations: Greece. The others were models of fiscal responsibility pre-crisis; their problem was a bond-fueled housing bubble, not excessive government spending.

edited 9th May '14 7:28:42 AM by Fighteer

2621 Quag1511th May 2014 07:10:28 AM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
They saved the eurozone; they just forgot to save the people.

Yeah, they're just enslaving the people...

edited 11th May '14 7:10:48 AM by Quag15

Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2622 Quag1511th May 2014 11:20:17 AM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2623 Fighteer11th May 2014 11:27:07 AM from the Time Vortex , Relationship Status: Dancing with Captain Jack Harkness
Geronimo!
They're talking about a Lost Generation in the U.S. as well, and anywhere else affected by this austerity epidemic.
2624 Quag1511th May 2014 11:35:21 AM from Portugal , Relationship Status: Chocolate!
Portugal according to Hetalia
[up]True, but I'm sure the U.S's unemployment doesn't have as large as the numbers my country, Spain or Greece has.
Those who are free from common prejudices acquire others.- Napoleon Bonaparte

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2625 GeekCodeRed11th May 2014 02:38:48 PM from City of the Damned , Relationship Status: I made a point to burn all of the photographs
What's the trope for skin contact magic?
Lost Generation? Please, until the Celtic Tiger, Ireland practically lost every generation. There's a reason why St. Patrick's Day is celebrated globally: There's more Irish outside of Ireland than inside it.

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