Title of article in the Journal des Libertés
This is the article that has been published in the Winter 2023/4 edition of the Journal des Libertés and which is based on my address to the IES-IREF Summer University in Aix-en-Provence.
You can download the full article here.
Its major topic is InvestEU, the scheme arranged by the European […]
How the ESM now backstops the SRF
– First published by IREF Online –
Published on 27th November 2023
Introduction
The European Stability Mechanism (ESM) will now be backstop-of-last-resort to the Eurozone banking system, in addition to backstopping the Eurozone member states and the currency itself. Its resources have not been increased, though, despite its credibility and firepower already […]
Daily Express headline
Published on 27th November 2023
Eurozone unemployment is an average and disguises wide variations, with youth unemployment being unacceptably high in several Club Med countries.
That is the problem with making important policy decisions at several levels removed from economic units whose characteristics widely diverge.
The fact that this is the situation is a testament to […]
Published on 12th September 2023
I had an interview with John Butler on the state of creditworthiness amongst Eurozone governments and banks – not good!
Blog published on 11th September 2023
Article as published in the Daily Express on 31 August 2023
With the Eurozone’s money supply shrinking for the first time since 2010, a banking expert has said Europe’s economy has been damaged by what he called “incoherent financial vandalism”.
Bob Lyddon also believes the situation is being exacerbated by members of […]
My book, upon which all is based
Published on 7th September 2023
After my presentation at the IES-IREF Summer School in Aix-en-Provence about the European Stability Mechanism and its dependency on France’s retaining its AA-rating, the French business website contrepoints.org asked me a series of follow up questions, and here are the answers in English.
Here is a […]
Collapsing Euro is riskier than ‘gambling on Bitcoin’
Published on 6th September 2023
The Express reinforced my Comment piece themselves the following day:https://www.express.co.uk/news/politics/1800197/collapsing-euro-bitcoin-gambling-debtA leading economist has warned that the Euro is only being sustained because the credit rating agencies have not downgraded Germany yet.
Writing for Express.co.uk Bob Lyddon, has warned that investing in the currency is now less safe than “gambling on bitcoin” […]
Keeping the flag flying for the euro
Published on 2th September 2023
This piece appeared as a Comment in the Daily Express. It is about the implications of the European Stability Mechanism being so weak, given that it is the main backing for the euro:https://www.express.co.uk/comment/expresscomment/1799489/EU-latest-news-euro-against-pound-euro-collapse
Digital currencies – bitcoin, stablecoin, Britcoin et al – makes your head spin. […]
Published on 5th September 2023
The Daily Express picked up on my article pubished through IREF about the European Stability Mechanism:
https://www.express.co.uk/news/politics/1797868/eurozone-euro-eu-france-credit-rating
The ESM’s firepower – to back the debts of Eurozone member states and thereby to act as the backstop for the currency itself – depends upon its having backers of sufficient size and with high enough […]
Bruges Group book summary
Published on 5th September 2023
The Campaign for an Independent Britain published this piece that the UK’s debt is not larger than the EU’s as the Daily Telegraph had claimed, if the EU member states’ shadow debts and contingent liabilities are factored in:https://cibuk.org/eurozone-debt-dwarfs-that-of-the-uk/
My figures on the EU are drawfrom my book ‘The shadow […]