March 31, 2020 | On 15 June, as part of the Häring vs. Hessischer Rundfunk case, the European Court of Justice will rule on the conditions under which governments may restrict the use of the legal tender of the euro area. There is a lot at stake, not only for my campaign to obstruct the campaign to abolish cash, but also for the survival of the European Monetary Union.
Continue reading “What Haering vs. Hessischer Rundfunk Will Imply for the Legality of a Parallel Currency”
EU-Budget Rules Need Reform: Reference to Nonsense Output Gaps Keeps Economy Down
February 12, 2020 | There is a much needed discussion in European policy circles about simplifying the budgetary surveillance process. One possible and much needed reform is to do away with the reference to „structural“ budget deficits, as the „campaign against nonsense output gaps“ has shown. Its protagonists have just issued another damning paper. …
Continue reading “EU-Budget Rules Need Reform: Reference to Nonsense Output Gaps Keeps Economy Down”
How monetary union is sacrificed on the altar of competitiveness
European Economic & Monetary Union (EMU) is in permanent crisis. The economic strengths of the participating nations are drifting apart instead of converging. This creates great frustration among the governments of countries being left behind and fierce disputes between them and Brussels and governments of core countries.
Continue reading “How monetary union is sacrificed on the altar of competitiveness”
The permanent state of emergency
By Eric Bonse, Brussels.* The EU is moving further and further away from its ideals. Not only in Greece or Turkey, in Hungary or Poland – but also in France and Germany. The permanent state of emergency threatens.
Continue reading “The permanent state of emergency”
A Greek conspiracy: How the ECB crushed Varoufakis’ plans
A central bank governor in Athens conspires with the President of the Republic to sabotage the negotiation strategy of his government to weaken it in its negotiations with the European Central Bank. After the government has capitulated, this governor, who is a close friend of the new finance minister and boss of the finance ministers wife, and the President of the Republic travel together to the ECB to collect their praise and rewards. This is not an invention, this is now documented.
Continue reading “A Greek conspiracy: How the ECB crushed Varoufakis’ plans”
“Syriza did not expect to stand alone in the negotiations” Interview with Athanase Contagyris
Anasthase Contagyris is a French and Greek economist living in Athens. He is Co-Founder of Attac-Greece, CEO of Dialogos Ltd, an Athens Startup coaching and export facilitation consultancy he founded in 19887. He is a member of the Truth Committee on Public Debt of the Greek Parliament, which recently issued a preliminary report. We met in Frankfurt. He is well conneted, though not a member, to Syriza.
Continue reading ““Syriza did not expect to stand alone in the negotiations” Interview with Athanase Contagyris”
Anti-Greek Media Propaganda Will Come Back to Haunt Germany – A Dire Warning From 2011
In June 2011, Spiegel Online conducted and published a remarkable interview with Albrecht Ritschl. Ritschl is one of Germany’s most renowned economic historians, teaching at the London School of Economics. Already for years ago, he warned that Germany, being the worst debt offender in history, would ultimately regret it, if it insisted on behaving like the tough taskmaster of Athens and the rest of Europe. What Ritschl predicted is
Continue reading “Anti-Greek Media Propaganda Will Come Back to Haunt Germany – A Dire Warning From 2011”