Tag Archives: spain

Inflate the Debt Away: Why Are Italian Interest Rates Climbing?

Italian interest rates are climbing because it’s feared that, should Greece leave the euro, Italy might follow suit, making the value of Italian bonds held by investors zero. That’s right, zero. Wolfgang Munchau at Spiegel Online explains: If Greece leaves … Continue reading

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Paul Krugman’s Advice to Italy and Spain: Inflate and Stimulate

Paul Krugman continues to think that what’s going on in Greece, Italy, and Spain says nothing—nothing!—about the political culture surrounding welfare statism in Europe and everything about the way the euro ties the hands of those making monetary policy: Japan is much more deeply … Continue reading

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For Whom the Bell Tolls: Is Spain Too Big to Fail? Are We?

The following was in the New York Times on the day before Thanksgiving, 2010. It describes with stark clarity the vicious debt whirlpool that Spain is in the grips of. I wonder what Paul Krugman would say about this. I suppose that, someday, the United States could find … Continue reading

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The Atheist Bus Ad Campaign Moves to Germany

So says Spiegel today: “There’s probably no God. Now stop worrying and enjoy your life.” The brightly colored ads were part of a provocative campaign on British buses. Spain reacted with its own string of atheist slogans, and now a … Continue reading

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