Category Archives: European unemployment

Euro area unemployment rises to 10.9 %

Posted on May 3, 2012 by haroldchorneyeconomist

According to Eurostat unemployment has increased in the Euro area to 10.9 %. This is a clear sign that austerity policies do not result in lower unemployment. Below I reproduce courtesy of Eurostat part of their press release. March 2012 … Continue reading →

Posted in austerity, European unemployment, Uncategorized | Leave a comment

Schiller talks of negative impact of ‘new age of austerity’:Spain contracts again GDP falls 0.3%

Posted on April 30, 2012 by haroldchorneyeconomist

Yale university economist Robert Schiller is featured on CNBC’s Squawk Box Europe arguing that house prices may not yet have hit bottom and the new age of austerity was promoting recessionary lack of confidence. Schiller who is a very creative … Continue reading →

Posted in austerity, European debt crisis, European unemployment, Spain, U.S., unemployment | Leave a comment

Spanish unemployment 24.4 %;U.S. GDP up 2.2%:austerity not working.

Posted on April 27, 2012 by haroldchorneyeconomist

This mornings news is anything but positive. U.S. growth is still positive but it would have been 0.6 % greater had  government cuts not subtracted from the total, leaving U.S. growth in the first quarter still positive but only modestly … Continue reading →

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

French unemployment rises for 12th consecutive month:austerity a bad bet

Posted on April 26, 2012 by haroldchorneyeconomist

Again no surprise but painful to report nonethess unemployment in France continues to rise for the 12th consecutive month as reported by INSEE. In metropolitan France it is now 9.7 % with the overall national rate even higher at just … Continue reading →

Posted in austerity, European unemployment, France politics+economy, Uncategorized, unemployment | Leave a comment

France votes:Hollande 28.5 %; Sarkozy 27.1%;Le Pen 18.2%;Mélenchon 11.1%;Bayrou 9.1%;Joly 2.3%

Posted on April 22, 2012 by haroldchorneyeconomist

France the bastion of democracy has voted in the first round of the Presidential elections. As the polls suggested François Hollande of the Parti socialiste has finished just ahead of the President Nicholas Sarkozy of the UMP. In third place … Continue reading →

Posted in austerity, European unemployment, France politics+economy, Uncategorized, unemployment | Leave a comment

Eurozone Unemployment rises to 10.8%, 17.134 million unemployed.

Posted on April 2, 2012 by haroldchorneyeconomist

Eurostat has released the latest unemployment data for the Eurozone 17. It does not make for pleasant reading. Because of the foolish contractionary  austerity policies being implemented there, as expected unemployment is rising. It is now  10 % in France, … Continue reading →

Posted in austerity, business cycles, deficit hysteria, European unemployment, full employment, Uncategorized, unemployment | Leave a comment

After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

Posted on June 3, 2011 by haroldchorneyeconomist

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading →

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | 4 Comments