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Archive for January, 2010

Will Greece’s default bring down the Euro?

… or will the Euro bring down Greece?

(That second question, which by and large I will equally deny, will be more thoroughly dealt with in a future post.)

In an interview in today’s Frankfurter Allgemeine Zeitung, probably Germany‘s most prestigious daily newspaper, titled “Helping Greece would be against the law“, professor of European Law Dr. Matthias Ruffert states unmistakably that each and every European Union treaty that established the European Currency Union and the European currency called the Euro prohibits any form of bailout of the Greek republic, its government or its bonds, be it via direct subsidies, by co-guaranteeing its debt or in any manner conceivable: Read more…

What’s wrong with Economics?

2010-01-23 3 comments

This article is a prerequisite to understanding many of the arguments put forth on this blog in the future and therefore probably one of the most important if not the most important one. It is, as many of CrisisMaven’s posts, rather lengthy, however, compared to so many trillions lost in paper money, what are a few hours spent reading “between friends”? Read more…

1929 and 2007: two crises, similar causes, similar effects?

2010-01-21 9 comments

There are by now probably hundreds of thousands of media articles and blog posts around the world that deal with the current economic crisis and many of which refer to the “Great Depression” of the 1930s as an aftermath of the stock market crash in 1929. Most mainstream media give room to opinionated articles and columns that, while likening some of the causes of today’s crisis to that of 1929 onwards, most maintain the view that today is different because not only are all world currencies off the gold standard but also has economic science made great progress in analysing previous “mistakes” and providing sure-fire remedies and recipes for central banks and public policy. Read more…

The very first post

2010-01-20 1 comment

Rather than post the past we here try sometimes to be first past the post.

If you can identify with quips such as “It takes a child to raze a village” and have read the “About” then enjoy and feel free to comment.

Comments will be moderated and may take a while before they’re approved as in general I have little time but will try to do everyone justice as much as is in my power.

(See more statistical material in our References section!)

Categories: General
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