{"id":1617,"date":"2011-10-27T17:24:07","date_gmt":"2011-10-27T21:24:07","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1617"},"modified":"2011-10-27T17:24:07","modified_gmt":"2011-10-27T21:24:07","slug":"eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/","title":{"rendered":"Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post"},"content":{"rendered":"<p>Eurozone leaders are as far as ever from finding a lasting solution to the bloc\u2019s underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis&#8230;&#8230;<\/p>\n<p>\u201cThis is another step in the right direction, but it is not enough to get us to the end game,\u201d said Stephane Deo, chief European economist at UBS. \u201cIt buys time but it does not address the fundamental problem of the sovereign debt crisis.\u201d<\/p>\n<p>via <a href=\"http:\/\/business.financialpost.com\/2011\/10\/27\/euro-zone-debt-deal-tackles-symptoms-not-cause\/\">Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurozone leaders are as far as ever from finding a lasting solution to the bloc\u2019s underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis&#8230;&#8230; \u201cThis is another step in the right direction, but it is not enough to get us to the end game,\u201d said Stephane Deo, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,1173,1295,3453],"class_list":["post-1617","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-economic-divergence","tag-euro-zone","tag-trade-imbalance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Eurozone leaders are as far as ever from finding a lasting solution to the bloc\u2019s underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis&#8230;&#8230; \u201cThis is another step in the right direction, but it is not enough to get us to the end game,\u201d said Stephane Deo, &hellip; Continue reading &quot;Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-27T21:24:07+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/27\\\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/27\\\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post\",\"datePublished\":\"2011-10-27T21:24:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/27\\\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\\\/\"},\"wordCount\":98,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"debt crisis\",\"economic divergence\",\"euro-zone\",\"trade imbalance\"],\"articleSection\":[\"UK &amp; 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\u201cThis is another step in the right direction, but it is not enough to get us to the end game,\u201d said Stephane Deo, &hellip; Continue reading \"Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2011-10-27T21:24:07+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Eurozone debt deal tackles symptoms, not cause | Investing | Financial Post","datePublished":"2011-10-27T21:24:07+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/eurozone-debt-deal-tackles-symptoms-not-cause-investing-financial-post\/"},"wordCount":98,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"keywords":["debt crisis","economic divergence","euro-zone","trade imbalance"],"articleSection":["UK &amp; 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In the eurozone, banks are vulnerable to sovereign-debt crises because they hold a lot of government bonds \u2013 frequently issued by their country of origin. Governments, for their part, are vulnerable to bank crises\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5601,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/27\/theres-no-solving-europes-debt-crisis-without-solving-the-jobs-crisis-bloomberg\/","url_meta":{"origin":1617,"position":1},"title":"There&#039;s No Solving Europe&#039;s Debt Crisis Without Solving the Jobs Crisis &#8211; Bloomberg","author":"Colin Twiggs","date":"September 27, 2012","format":false,"excerpt":"From the outside it looks like these [Eurozone] countries are faced with a debt crisis. From the inside it looks a lot more like a jobs crisis. Check out the chart below....... via There's No Solving Europe's Debt Crisis Without Solving the Jobs Crisis - Bloomberg. Hat tip to @10yearBonds","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5394,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/05\/the-work-of-john-maynard-keynes-shows-us-that-counter-cyclical-fiscal-policy-and-an-easing-of-austerity-may-offer-a-way-out-of-the-eurozone-crisis-europp\/","url_meta":{"origin":1617,"position":2},"title":"The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of the Eurozone crisis. &#124; EUROPP","author":"Colin Twiggs","date":"September 5, 2012","format":false,"excerpt":"Simon Wren-Lewis, professor at Oxford University and a Fellow of Merton College, says the ECB failed to undertake quantitative easing at the appropriate time because of mis-diagnosis of the problem: The story told by many is that the Eurozone crisis is a result of fiscal profligacy in some countries, and\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10850,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/09\/richard-koo-revitalizing-the-eurozone-without-fiscal-union-april-2012\/","url_meta":{"origin":1617,"position":3},"title":"Richard Koo: Revitalizing the Eurozone without Fiscal Union, April 2012","author":"ColinTwiggs","date":"September 9, 2014","format":false,"excerpt":"Richard Koo in a 2012 paper identifies 3 challenges facing the eurozone: The current crisis in the eurozone consists essentially of two macroeconomic problems and one capital flow problem. The first macro problem is profligate government spending, as exemplified by Greece. In such cases austerity is required: the government must\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1371,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/17\/a-leveraged-efsf-is-pure-poison-telegraph-blogs\/","url_meta":{"origin":1617,"position":4},"title":"A leveraged EFSF is pure poison \u2013 Telegraph Blogs","author":"ColinTwiggs","date":"October 17, 2011","format":false,"excerpt":"If Europe\u2019s leaders do indeed leverage their \u20ac440bn bail-out fund (EFSF) to \u20ac2 trillion or \u20ac3 trillion through some form of \"first loss\" insurance on Club Med bonds \u2013 as markets now seem to assume \u2013 the consequences will be swift and brutal. Professor Ansgar Belke, from Berlin's DIW Institute,\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1905,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/economonitor-economonitor-the-triumph-of-austerity-and-its-consequences\/","url_meta":{"origin":1617,"position":5},"title":"EconoMonitor : EconoMonitor \u00bb The Triumph of Austerity (and its Consequences)","author":"ColinTwiggs","date":"November 15, 2011","format":false,"excerpt":"FT reports: The president of Germany\u2019s powerful Bundesbank has firmly rebuffed international demands for decisive intervention in the bond markets by the European Central Bank to combat the eurozone debt crisis, warning that such steps would add to instability by violating European law. Bundesbank president Jens Weidmann told the Financial\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1617"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1617\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}