{"id":748,"date":"2011-09-11T20:17:50","date_gmt":"2011-09-12T00:17:50","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=748"},"modified":"2011-09-11T20:17:50","modified_gmt":"2011-09-12T00:17:50","slug":"europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/","title":{"rendered":"Europe on the Verge of a Political Breakdown &#8211; Barry Eichengreen &#8211; Project Syndicate"},"content":{"rendered":"<blockquote><p>Europe doesn\u2019t have months, much less years, to resolve its crisis. At this point, it has only days to avert the worst. It is critical that leaders distinguish what must be done now from what can be left for later.<\/p>\n<p>The first urgent task is for Europe to bulletproof its banks. Doubts about their stability are at the center of the storm. It is no coincidence that bank stocks were hit hardest in the recent financial crash.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.project-syndicate.org\/commentary\/eichengreen34\/English\">Europe on the Verge of a Political Breakdown &#8211; Barry Eichengreen &#8211; Project Syndicate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe doesn\u2019t have months, much less years, to resolve its crisis. At this point, it has only days to avert the worst. It is critical that leaders distinguish what must be done now from what can be left for later. The first urgent task is for Europe to bulletproof its banks. Doubts about their stability &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Europe on the Verge of a Political Breakdown &#8211; Barry Eichengreen &#8211; Project Syndicate&#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":[1285,1292],"class_list":["post-748","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-eu","tag-euro"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Europe on the Verge of a Political Breakdown - Barry Eichengreen - Project Syndicate - 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=\"Europe on the Verge of a Political Breakdown - Barry Eichengreen - Project Syndicate - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Europe doesn\u2019t have months, much less years, to resolve its crisis. At this point, it has only days to avert the worst. It is critical that leaders distinguish what must be done now from what can be left for later. The first urgent task is for Europe to bulletproof its banks. Doubts about their stability &hellip; Continue reading &quot;Europe on the Verge of a Political Breakdown &#8211; Barry Eichengreen &#8211; Project Syndicate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\" \/>\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=\"2011-09-12T00:17:50+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\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Europe on the Verge of a Political Breakdown &#8211; Barry Eichengreen &#8211; Project Syndicate\",\"datePublished\":\"2011-09-12T00:17:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\"},\"wordCount\":107,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"EU\",\"Euro\"],\"articleSection\":[\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\",\"name\":\"Europe on the Verge of a Political Breakdown - Barry Eichengreen - Project Syndicate - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-09-12T00:17:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/11\/europe-on-the-verge-of-a-political-breakdown-barry-eichengreen-project-syndicate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Europe on the Verge of a Political Breakdown &#8211; Barry Eichengreen &#8211; Project Syndicate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Wrong-headed policies during the first Great Depression led to trade and currency wars,\u2026","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":5298,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/19\/francois-hollandes-wrong-idea-of-france-by-brigitte-granville-project-syndicate\/","url_meta":{"origin":748,"position":2},"title":"&quot;Fran\u00e7ois Hollande\u2019s Wrong Idea of France&quot; by Brigitte Granville &#124; Project Syndicate","author":"Colin Twiggs","date":"August 19, 2012","format":false,"excerpt":"Since the euro\u2019s introduction, unit labor costs have risen dramatically faster in France than they have in Germany. According to Eurostat data published in April 2011, the hourly labor cost in France was \u20ac34.2, compared to \u20ac30.1 in Germany \u2013 and nearly 20% higher than the eurozone average of \u20ac27.6.\u2026","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":2441,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/29\/the-german-hour-jean-pisani-ferry-project-syndicate\/","url_meta":{"origin":748,"position":3},"title":"The German Hour &#8211; Jean Pisani-Ferry &#8211; Project Syndicate","author":"ColinTwiggs","date":"November 29, 2011","format":false,"excerpt":"Germany should be bold and use its leverage to offer a new contract to its eurozone partners: mutual guarantee of part of their public debt in exchange for strict debt limits and a new legal order in which a eurozone authority can veto an enacted budget even before it is\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":2660,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/","url_meta":{"origin":748,"position":4},"title":"Fragile and Unbalanced in 2012 &#8211; Nouriel Roubini &#8211; Project Syndicate","author":"ColinTwiggs","date":"December 15, 2011","format":false,"excerpt":"The outlook for the global economy in 2012 is clear, but it isn\u2019t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. ......Adjustment of relative prices via currency movements is stalled, because surplus countries are resisting\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4034,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/07\/the-big-easing-by-daniel-gros-project-syndicate\/","url_meta":{"origin":748,"position":5},"title":"&quot;The Big Easing&quot; by Daniel Gros &#124; Project Syndicate","author":"Colin Twiggs","date":"April 7, 2012","format":false,"excerpt":"The banks that are parking their money [about \u20ac1 trillion] at the ECB receiving only 0.25% interest are clearly not the same ones that are taking out three-year loans [\u20ac1.15 trillion] at 1%. The deposits come largely from northern European banks mainly German and Dutch, and LTRO loans go largely\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\/748","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=748"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/748\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}