Monthly Archives: February 2012

Greek debt a better alternative is possible:ECB needs to buy 100 billion Euros of Greek sovereign debt +temporarily expand M2 by 1.15 %

Posted on February 17, 2012 by haroldchorneyeconomist

The situation in Greece continues to fester as wrangling continues as to the precise terms and the degree of severe austerity demanded by the EU troika that has been negotiating the bailout. Although precise data is difficult to obtain it … Continue reading →

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Greek politicians reach deal on further austerity in exchange for latest bailout unemployment over 20 %

Posted on February 9, 2012 by haroldchorneyeconomist

Despite the Greek economy suffering over 20 % unemployment and 48% youth unemployment ,the European union negotiators have persuaded the Greek political leaders in the coalition government led by technocrats to accept further rollbacks including cuts in government spending amounting … Continue reading →

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U.S. unemployment falls to 8.3 % Canadian unemployment rises to 7.6 %.

Posted on February 3, 2012 by haroldchorneyeconomist

There was some welcome news on the U.S. unemployment front this morning as the U.S.Bureau of Labour Statistics released the latest unemployment data for the previous month. Unemployment fell from 8.5 % to 8.3 % . Since January of 2011 … Continue reading →

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