The financial crisis of 2008, and Great Recession that followed it, was the most serious economic crisis since the Great Depression in the 1930s. The economies of the developed nations have never really recovered since the 2008 crash and weaknesses in the financial system, low investment, high unemployment and low growth have persisted. The […]
A few thoughts about what's going on
Featured Articles
Rethinking the European Union: Part One
What is happening in China?
Cheap oil and the political economy of Russia
Global debt and the great rebalancing
Thinking about China
One bank to rule them all: The ECB and European democracy
Can Europe rely on large primary surpluses to solve its debt problem?
Ordoliberalism and the European Project
Why the German trade surplus is a big problem
Too big to bail – how the banks crashed the eurozone
Reasons to be cheerful
Germany’s Role in the Eurozone Crisis
The Feckless and the Prudent: or why your surplus is the same size as my deficit
Email me
-
Recent Posts
- What is Islamism – in their own words 28/10/2024
- A few thoughts about the Palestinian – Israeli conflict 28/10/2024
- The Black Wave 28/10/2024
- Are we in the midst of a Volcker Shock 2? 21/10/2022
- God Save the King and all that 19/09/2022
- Where did Putin come from? 04/04/2022
- COP26 has come to an end and many key players seem very disappointed 15/11/2021
- If you are interested in climate change then you really should watch this video. 01/11/2021
- COP26 Predictions 23/10/2021
- A critical view of Critical Race Theory and BLM 11/02/2021
- Trump support is strong – the future of the Republican Party remains uncertain 15/01/2021
- Fixing the broken American political system 13/01/2021
- Is the Bank of England implementing a policy based on Modern Monetary Theory? 05/01/2021
- “Climate Change Is Not the End of the World” 13/07/2020
- Post-Covid EU divisions – a map 13/07/2020
- The culture wars are bad for the Left and good for the Right 05/07/2020
- Why are Eurobonds so difficult? 25/05/2020
- China probably won’t rescue the global economy as it did in 2008 27/03/2020
- COVID-19: A few thoughts and a few links 22/03/2020
- The EU in the rear view mirror 27/02/2020
- The strange death of social democracy in Western Europe 19/12/2019
- What just happened? Part One: There is no working class anymore 16/12/2019
- What just happened? Part Two: The persistent illusion of class conflict as the primary driver of politics 16/12/2019
- From 1997 to 2019 15/12/2019
- A few thoughts about Boris, Brexit and the New Tory Party 04/09/2019
- Italy is the eurozone’s weak link 24/04/2019
- A Plea for Some Healthy Scepticism 08/04/2019
- Who has the UK been negotiating with? 18/11/2018
- A few thoughts about the Brexit negotiations 13/11/2018
- Varoufakis’s proposal for an International New Deal 23/09/2018
- Can radical social democracy save us? 17/02/2018
- Labour and the new terrain of politics 13/02/2018
- Trump, Russia and missing the point 22/01/2018
- Leaked plans for an EU austerity machine 14/12/2017
- Yanis Varoufakis – Debtors’ Prison, John Maynard Keynes & the Double Standards of the EU 07/12/2017
- Greek pensions and the question of social democracy in the EU 06/12/2017
- Yanis Varoufakis on Brexit Negotiations, Ireland, Greece 29/11/2017
- The post-Brexit Irish border – a brief summary 25/11/2017
- Fake news for a good cause is still a bad thing 01/10/2017
- One diagram that explains the 2017 UK election result 16/09/2017
- The bailout costs ten years after the crash 25/08/2017
- The truth about the Irish recovery 20/08/2017
- The probability of a fourth Greek bailout 09/08/2017
- Some recent items of interest 04/08/2017
- Running out of steam? 01/07/2017
- Caution: European Narrative. Handle with Care 26/06/2017
- Handy chart summarising Brexit options 26/06/2017
- What just happened? 17/06/2017
- Victory for Schaeuble at the Eurogroup means no relief for Greece 17/06/2017
- Yanis Varoufakis on the state of Europe and the Euro 14/06/2017
- I was wrong about Jeremy Corbyn 13/06/2017
- A state of political disrepair: Varoufakis on Brexit, the EU, and trashing the establishment 13/06/2017
- The scale of the EU’s achievements in Greece 13/06/2017
- After the euphoria wears off…. 11/06/2017
- Paris hot air 03/06/2017
- Rethinking the European Union: Part Two 31/05/2017
- Rethinking the European Union: Part One 28/05/2017
- Chinese over-investment: Metro building 23/05/2017
- A snapshot of global economic imbalances 21/05/2017
- Macron’s victory in charts 08/05/2017
- The UK local authority property bubble 30/04/2017
- Europe’s other single currency 24/04/2017
- The French first round 24/04/2017
- Meanwhile in Greece the beatings continue but moral fails to improve 19/04/2017
- Accession shock, the rise of UKIP and Brexit 14/04/2017
- The German and Chinese trade surpluses 05/04/2017
- “The left is paying the price for its conservative discourse on the currency union.” 04/04/2017
- The delusions of Mr Dijsselbloem 26/03/2017
- Making sense of it 16/11/2016
- Against pessimism 09/11/2016
- The Mountain to Climb 28/09/2016
- Berlin blinks 31/07/2016
- What is Trump? 30/07/2016
- Some recent items of interest 29/07/2016
- Austerity may be over – for the Eurozone banks 27/07/2016
- The rise of western populist movements explained in one graph 25/07/2016
- The pain in Spain 19/07/2016
- The European Court of Justice may have rescued Italy’s banks 19/07/2016
- The Great Hargeisa Goat Bubble 13/07/2016
- Understanding the jargon of Brexit 13/07/2016
- The wider implications of the Italian banking crisis 12/07/2016
- Devil’s advocate 09/07/2016
- The Italian banking crisis is escalating 08/07/2016
- Wynne Godley was right 07/07/2016
- Perspectives on the Chinese economic adjustment 07/07/2016
- The Japanese economy is in uncharted territory 04/07/2016
- Pro EU parties could face big losses in the next election 03/07/2016
- Brexit aftershocks and the roadmap for negotiations 03/07/2016
- Italy’s weird bank rescue deal 01/07/2016
- Article 50 road map infographic 30/06/2016
- Are we there yet? 30/06/2016
- This is the end – or is it? 28/06/2016
- The other vote wasn’t good either 28/06/2016
- The only place Scotland can go is over a cliff 26/06/2016
- Brexit – what does it mean? 25/06/2016
- A note on the post referendum legal and diplomatic situation 25/06/2016
- How will Brexit effect the way the EU works? 24/06/2016
- Where is the Labour Party? 23/06/2016
- YouGov data on referendum voter intentions 21/06/2016
- A visual guide to what could happen if we vote for Brexit 20/06/2016
- Who is the Remembrancer? 19/06/2016
- Will Brexit lead to Frexit? 14/06/2016
- UK government borrowing has never been cheaper 12/06/2016
- QE makes UK public debt calculations absurd. Its almost as absurd as the gold standard 08/06/2016
- What is England? 06/06/2016
- New poll shows Unidos Podemos 5 points in front of PSOE 05/06/2016
- Zombies-To-Be and the Walking Dead of Debt 05/06/2016
- Can Podemos Win? Interview with Pablo Bustinduy 04/06/2016
- Three maps showing UK referendum regional voting intentions 03/06/2016
- The rise of nationalism in Europe: results of most recent national elections 02/06/2016
- A documentary about Jeremy Corbyn 02/06/2016
- Some recent items of interest 31/05/2016
- The IMF caves in on Greek debt relief 25/05/2016
- Greece is the only country in the eurozone that doesn’t get massive debt relief 24/05/2016
- The Commission lets Italy off the hook 18/05/2016
- 2008 changed the the concentration of global finance capital 14/05/2016
- Where Did The Greek Bailout Money Go? 10/05/2016
- Pensions are cut for most Greeks 10/05/2016
- Germany plans 5-year benefit ban for jobless migrants 06/05/2016
- ‘The Wall Street Economy Has Taken Over The Economy’ – Michael Hudson 06/05/2016
- Spanish banks and the anti-evictions struggle 01/05/2016
- Long term unemployment in Europe 01/05/2016
- In China the good news is really bad 23/04/2016
- Is the financial sector fit for purpose? 22/04/2016
- The dangers of the Chinese property bubble 19/04/2016
- Oh dear …. this probably won’t end well 18/04/2016
- Yanis Varoufakis says ‘Europe is staring into the abyss’ 15/04/2016
- Blimey, it could be Brexit! 14/04/2016
- Some recent items of interest 11/04/2016
- Italian zombie banks 09/04/2016
- Things are getting better 02/04/2016
- The Ed Miliband effect 02/04/2016
- London is a migrant mega city 02/04/2016
- The Chinese adjustment and the UK steel industry 01/04/2016
- Signs of global economic distress 29/03/2016
- Europe’s orphan: The future of the euro and the politics of debt 26/03/2016
- 35 Years of the World’s Economy Evolving as a Living Organism 26/03/2016
- Is Greece on the Verge of Another Debt Crisis? 25/03/2016
- Catalonia dances with default 23/03/2016
- Some recent items of interest 17/03/2016
- Stormy weather ahead 13/03/2016
- The Economics of Brexit: Vince Cable and Norman Lamont Debate 09/03/2016
- Some recent items of interest 05/03/2016
- Germany’s flawed plans for Europe 01/03/2016
- Some recent items of interest 27/02/2016
- The EU’s banking union is a recipe for disaster 25/02/2016
- European solidarity Greek style 20/02/2016
- IMF admits it got it wrong on Greece 20/02/2016
- Some recent items of interest 17/02/2016
- The Funniest Papers in the History of Economics 15/02/2016
Click to go back to top