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Ongoing European Debt Crisis
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Ongoing European Debt Crisis:

 2601 Quag 15, Thu, 30th Jan '14 11:20:18 AM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
Turkey must be feeling glad for not have joined the EU.
We are the robots.

Especially you!
 2602 storyyeller, Thu, 30th Jan '14 4:15:27 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 Fighteer, Fri, 31st Jan '14 12:39:32 PM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
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.
Neoclassicism, AKA the Tinkerbell school of economics.
 2604 Deviant Braeburn, Sun, 2nd Feb '14 1:13:01 PM from Dysfunctional California
Wandering Jew
Germany preparing third financial rescue for Greece.

Everything is Possible.

But some things are more Probable than others.
JEBAGEDDON 2016

 2605 Ramidel, Sun, 2nd Feb '14 6:56:43 PM Relationship Status: Above such petty unnecessities
 2606 Quag 15, Sun, 2nd Feb '14 7:13:01 PM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
[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)?
We are the robots.

Especially you!
 2607 Fighteer, Sun, 2nd Feb '14 7:31:48 PM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
Do you have details or links? I'm able to understand most econoblogs but I'm hardly an analyst myself.
Neoclassicism, AKA the Tinkerbell school of economics.
 2608 Quag 15, Sun, 2nd Feb '14 7:39:15 PM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
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

We are the robots.

Especially you!
 2609 Radical Taoist, Wed, 5th Feb '14 3:43:26 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 Greenmantle, Sat, 22nd Feb '14 2:00:17 PM from Failing Britannia Relationship Status: [TOP SECRET]
Carry On
Senior German official brands country's trade surplus 'unfair': Music to your ears, Fighteer?
"To strive, to seek, to find, and not to yield" — Alfred, Lord Tennyson
 2611 Fighteer, Sat, 22nd Feb '14 3:44:51 PM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
I don't know, Greenmantle. Which do you think I'm more concerned about — being correct or having Europe recover from its slump?
Neoclassicism, AKA the Tinkerbell school of economics.
 2612 Deviant Braeburn, Wed, 26th Mar '14 3:07:19 PM from Dysfunctional California
 2613 Greenmantle, Thu, 10th Apr '14 8:07:12 AM from Failing Britannia Relationship Status: [TOP SECRET]
Carry On
Car bomb explodes outside Greek central bank building, no one hurt
"To strive, to seek, to find, and not to yield" — Alfred, Lord Tennyson
 2614 Fighteer, Fri, 11th Apr '14 8:10:47 AM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
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.
Neoclassicism, AKA the Tinkerbell school of economics.
 2615 Quag 15, Sun, 4th May '14 11:32:41 AM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
Greece seeks to open debt relief talks with creditors.

It feels like an exercise in pointlessness.
We are the robots.

Especially you!
 2616 Achaemenid, Sun, 4th May '14 11:46:08 AM from the dear green place. Relationship Status: You can be my wingman any time
Ein kleines Blümelein
If they get it, it's something.
 2617 Fighteer, Mon, 5th May '14 7:07:54 AM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
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.
Neoclassicism, AKA the Tinkerbell school of economics.
 2618 Deviant Braeburn, Wed, 7th May '14 7:56:55 PM from Dysfunctional California
 2619 Quag 15, Thu, 8th May '14 7:35:34 PM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
Time to relax austerity? Candidates for EU's top job divided.
We are the robots.

Especially you!
 2620 Fighteer, Fri, 9th May '14 7:28:27 AM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
"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

Neoclassicism, AKA the Tinkerbell school of economics.
 2621 Quag 15, Sun, 11th May '14 7:10:28 AM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
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

We are the robots.

Especially you!
 2622 Quag 15, Sun, 11th May '14 11:20:17 AM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
Home is where the hardship is: Europe's lost generation.
We are the robots.

Especially you!
 2623 Fighteer, Sun, 11th May '14 11:27:07 AM from the Time Vortex Relationship Status: Dancing with Captain Jack Harkness
They're talking about a Lost Generation in the U.S. as well, and anywhere else affected by this austerity epidemic.
Neoclassicism, AKA the Tinkerbell school of economics.
 2624 Quag 15, Sun, 11th May '14 11:35:21 AM from Portugal Relationship Status: Chocolate!
Everyone will become one with me (^し^)
[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.
We are the robots.

Especially you!
 2625 Geek Code Red, Sun, 11th May '14 2:38:48 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.
"Punch divorces are the best divorces." edvedd
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