Euro Pressures Mount–Necessary for Eventual Resolution | Credit Writedowns<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Germany is using this crisis to tighten its hegemony in Europe. It needs to close the fiscal loopholes. Many have recognized that this was a necessary birth defect in EMU\u2013monetary union without fiscal union. A fiscal union\u2013where countries, especially those that struggle to adhere to the Stability and Growth rule, have to cede a greater … <\/p>\n
Continue reading “Euro Pressures Mount–Necessary for Eventual Resolution | Credit Writedowns”<\/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":[962,1236,1295,1407,1414,1547],"class_list":["post-2363","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-emu","tag-euro-zone","tag-fiscal-consolidation","tag-fiscal-reform","tag-germany"],"yoast_head":"\nEuro Pressures Mount-Necessary for Eventual Resolution | Credit Writedowns - 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=\"Euro Pressures Mount-Necessary for Eventual Resolution | Credit Writedowns - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Germany is using this crisis to tighten its hegemony in Europe. 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Rather than ECB bond buying\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2564,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/06\/buiter-no-politically-feasible-route-to-sustained-growth-for-many-years-to-come-credit-writedowns\/","url_meta":{"origin":2363,"position":1},"title":"Buiter: no politically feasible route to sustained growth for many years to come | Credit Writedowns","author":"ColinTwiggs","date":"December 6, 2011","format":false,"excerpt":"Citigroup chief economist Willem Buiter: There really is no politically feasible route back to sustained economic growth through monetary and\/or demand stimulating policies for the EA, the UK, the US and Japan, for many years to come. As regards demand stimulus, expansionary fiscal policy will not be punished by the\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1607,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/europes-punishment-union-ambrose-evans-pritchard\/","url_meta":{"origin":2363,"position":2},"title":"Europe\u2019s Punishment Union \u2013 Ambrose Evans-Pritchard","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"As Sir John Major wrote this morning in the FT, this does not solve EMU\u2019s fundamental problem, which is the 30pc gap in competitiveness between North and South, and Germany\u2019s colossal intra-EMU trade surplus at the expense of Club Med deficit states. It is therefore unlikely to succeed. It means\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1080,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/03\/nein-nein-nein-and-the-death-of-eu-fiscal-union-telegraph-blogs\/","url_meta":{"origin":2363,"position":3},"title":"NEIN, NEIN, NEIN, and the death of EU Fiscal Union \u2013 Telegraph Blogs","author":"ColinTwiggs","date":"October 3, 2011","format":false,"excerpt":"Bundestag president Norbert Lammert said yesterday, lawmakers had a nasty feeling that they had been \"bounced\" into backing far-reaching demands. This can never be allowed to happen again. He warned too that Germany's legislature would not give up its fiscal sovereignty to any EU body. .....Something profound has changed. Germans\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2380,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/26\/euro-zone-weighs-plan-to-speed-fiscal-integration-wsj-com\/","url_meta":{"origin":2363,"position":4},"title":"Euro Zone Weighs Plan to Speed Fiscal Integration – WSJ.com","author":"ColinTwiggs","date":"November 26, 2011","format":false,"excerpt":"BERLIN\u2014Euro-zone countries are weighing a new plan to accelerate the integration of their fiscal policies, people familiar with the matter said, as Europe's leaders race to convince investors they can resolve the region's debt crisis and keep the currency area from fracturing. Under the proposed plan, national governments would seal\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1833,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/09\/america-and-china-must-crush-germany-into-submission-ambrose-evans-pritchard\/","url_meta":{"origin":2363,"position":5},"title":"America and China must “crush” Germany into submission \u2013 Ambrose Evans-Pritchard","author":"ColinTwiggs","date":"November 9, 2011","format":false,"excerpt":"Having followed the German political scene closely for the last five months, it is clear to me that almost the entire German political establishment is out of its depth, ideological, sometimes smug, apt to view the EMU debt-crisis as a Calvinist morality tale, and lacking in deep understanding of what\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & 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\/2363","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=2363"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2363\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}