Category Archives: European unemployment

Spanish austerity misguided policy

Posted on July 11, 2012 by haroldchorneyeconomist

The government of Spain despite its horrible 24 % plus unemployment rate continues to implement further austerity policies . This guarantees a deeper and profound recession that damages the life chances of  a quarter or more of the Spanish population. … Continue reading →

Posted in austerity, classical economics, deficit hysteria, European debt crisis, European unemployment, Spain, treasury view, Uncategorized | 1 Comment

Eurozone unemployment rises to 11.1 %.A major stimulus is required.

Posted on July 2, 2012 by haroldchorneyeconomist

Eurostat has released their latest unemployment data and it is ugly. Unemployment has risen again to 11.1 % overall for the Eurozone led by a rise in Spain as well as a small rise in France. Only a major co-ordinated … Continue reading →

Posted in austerity, business cycles, deficit hysteria, deficits and debt, European debt crisis, European unemployment, France politics+economy, Greek sovereign debt crisis, Italian debt crisis, Spain, Uncategorized, unemployment | 1 Comment

Eurozone allows stabilization fund to inject capital into private banks: Spain, Italy and France win partial victory

Posted on June 29, 2012 by haroldchorneyeconomist

After late night negotiations it has been decided to permit the European stability fund to purchase directly the assets offered by banks in Spain and and Italian sovereign bonds and by so doing permit European funds to be injected directly … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European financial stability fund, European unemployment, France politics+economy, Greek sovereign debt crisis, quantitative easing, Spain, Uncategorized | 1 Comment

Supreme Court upholds Obama Care; Europe continues to debate how to rescue economy from bond market blackmail

Posted on June 28, 2012 by haroldchorneyeconomist

The Supreme Court in a 5 to 4 decision with Chief Justice Roberts siding with the majority has upheld most of the Affordable Care Act by ruling its provisions constitutional under the federal powers of taxation. Four of the liberal … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European financial stability fund, European unemployment, France politics+economy, Greek sovereign debt crisis, Italian debt crisis, monetary policy, quantitative easing, Uncategorized, unemployment | 1 Comment

François Hollande a Supply Sider ? Oh M.Hollande SVP Say it ain’t So .Victor Hugo Would Not Approve.

Posted on May 16, 2012 by haroldchorneyeconomist

Well it didn’t take long. Its not even 24 hours since François Hollande has assumed the Presidency of France and already some insiders are claiming, perhaps accurately although in my view its still too early to say definitively that M.Hollande … Continue reading →

Posted in austerity, deficit hysteria, European debt crisis, European unemployment, France politics+economy, Uncategorized | Tagged , , | 2 Comments

Greek talks appear to fail:New elections very likely;anti-austerity a growing movement

Posted on May 13, 2012 by haroldchorneyeconomist

According to the latest reports from Greece the talks among the three leading party leaders and the Greek president have failed to reach an agreement essentially because Syriza is sticking to its position and refusing to agree to enforcing  extreme … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Greek sovereign debt crisis, Mr.Papandreou and democracy, Uncategorized, unemployment | Tagged , , , | Leave a comment

Mélenchon challenges Le Pen in her Pas de Calais assembly seat; Greece new election very likely

Posted on May 12, 2012 by haroldchorneyeconomist

Jean Luc Mélenchon , the left wing anti-austerity candidate for the French presidency has announced that he will be a candidate against Marine Le Pen, the right wing National Front Presidential candidate who holds a national Assembly seat in the … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Greek sovereign debt crisis, Uncategorized | Tagged , , | Leave a comment

Coalition building in Greece:A coalition may require Pasok &New Democracy party factions to co-operate with the left.

Posted on May 8, 2012 by haroldchorneyeconomist

The head of the the second most sucessful party , Syriza , the coalition of the Left , Alexis Tipras has now been given the task of trying to form a government around an anti austerity position, after New Democracy … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European financial stability fund, European unemployment, France politics+economy, Greek sovereign debt crisis, Mr.Papandreou and democracy | Leave a comment

Triple witching hour for austerity:Hollande wins in France, Labour in Britain, anti-austerity in Greece.

Posted on May 6, 2012 by haroldchorneyeconomist

A small but significant earthquake has occurred over the past few days in Europe. The victory of the Socialist party in the Presidential race combined with the election results in Greece along with the drubbing of the Conservative and Liberal … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, France politics+economy, Greek sovereign debt crisis, Mr.Papandreou and democracy, progressives, treasury view, UK local elections, Uncategorized, unemployment | Leave a comment

François Hollande Wins:Exit Polls claim;Greece votes to repudiate austerity

Posted on May 6, 2012 by haroldchorneyeconomist

François Hollande has won the French Presidential election with 51.9 % of the vote according to French exit polls. Nicholas Sarkozy has obtained 48.1 % of the vote according to these exit polls. It is an historic victory for the … Continue reading →

Posted in European debt crisis, European unemployment, France politics+economy, Greek sovereign debt crisis, Uncategorized | Leave a comment