Ezra Klein surveyed 18 economists for their charts of the year. Here’s my candidate, courtesy of Spiegel Online: This chart illustrates the end of euro complacency. Investors once acted as though the euro eliminated not just currency risk but sovereign credit risk. All nations–from Greece to Germany–could borrow at the same low rates. No longer. [...]
Posts Tagged ‘Europe’
The Most Important Economic Chart of the Year
Posted in Budget, Economy, Finance, International, tagged Europe, Graphics, Interest Rates on December 21, 2011 | 2 Comments »
The Latest Sovereign Debt Meme? Going Big
Posted in Budget, International, tagged Budget, Debt, Deficit, Europe on September 16, 2011 | 2 Comments »
The developed world is awash in sovereign debt. Greece stands on the precipice of painful (and inevitable) default. Italy and Spain struggle to convince markets that their debts are good. Portugal and Ireland hope to get in the lifeboat with Italy and Spain, rather than drown with Greece. And then there’s the United States. Much further from a sovereign crisis than many Euro nations, [...]
Ode to Germany, a Mini-Song by Merle Hazard
Posted in Economy, International, tagged Europe, Germany, Humor on January 27, 2011 | Leave a Comment »
Mini is apparently the new thing in popular economics. Tyler Cowen’s new mini-book is getting lots of attention from the blogosphere. And econ-crooner Merle Hazard has released a set of mini-songs about the European debt crisis. Best so far is Ode to Germany: For more, click on over to Paul Solman’s page at the PBS [...]
The Spectre of Creative Bookkeeping
Posted in Budget, International, tagged Accounting, Budget, Debt, Deficit, Europe, Greece on February 22, 2010 | 3 Comments »
A spectre is haunting Europe — the spectre of creative bookkeeping. In an article in this morning’s Wall Street Journal (“Debt Deals Haunt Europe“), Charles Forelle and Susanne Craig provide more examples of the “aggressive” bookkeeping that European nations have deployed to satisfy the deficit and debt targets of the Growth and Stability Pact. Greece, [...]


