euro

Inefficiencies within Greek economy

Inefficiencies within Greek economy

Over Christmas and the New Year I visited Greece – landing at Athens airport then hiring a car to Kalamata. After writing many articles on the economic troubles of Greece, it was interesting to visit in person. Whilst enjoying a holiday, I was always aware – in the back of my mind – the Greek economic crisis and I was looking for signs or anecdotal evidence of why Greece has struggled from…

Mistakes of the EU

Mistakes of the EU

The EU has many achievements of which it can rightly claim.Long period of peace and prosperity, unrivalled in European history. Secured transition to democracy for countries such as Spain and post-Communist countries in Eastern Europe Free trade and free movement  has helped improve economic growth and living standards. Working on European wide problems, such as environment and over-stockingHowever, despite these considerable achievements, the EU has become more unpopular amongst the electorate of member states, with many feeling the EU has lost its way and made several mistakes that…

Cost and benefits of EU in perspective

Cost and benefits of EU in perspective

I wrote a while back that I was a rather unenthusiastic supporter of remaining in Europe, and perhaps it wasn’t that important. In recent weeks, I have become more committed to staying in Europe, and feeling leaving the EU would be a regressive step. Bigger perspective The EU was formed out of the Second World War and a continent continually fighting amongst itself. The EU has played a role in changing the European continent for the better. It’s easy to take this for granted, but it is quite an achievement. The second…

Why does Vote Leave insist on using incorrect statistics?

Why does Vote Leave insist on using incorrect statistics?

I was listening to a political programme yesterday when a member of UKIP (David Carswell I believe) made a short video saying every week we send £350m to the EU.This is wrong, the UK doesn’t send £350m a week to the UK. Because as Sir Andrew Dilnot of UK statistics authority states: “As we have made clear, the UK’s contribution to the EU is paid after the application of the rebate. We have also pointed out that there are payments received…

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Should UK stay in EU or leave? (personal view)

A few readers have asked me about where I stand on UK, EU and Brexit. These are some personal notes – not necessarily economic (or coherent!)I will probably vote Remain, though not with any particular enthusiasm. I do identify as both British and European. I would like to see Britain act closely with European countries to help deal with global issues, such as the environment. Post war Europe has been a great success story. Compared to the turmoil that went before 1945, Europe has come along way and the…

Economics effects of the UK leaving the European Union

Economics effects of the UK leaving the European Union

Abstract. A look at the economic effects of Britain leaving the European Union. Summary. The UK has been a member of the European Union since 1973. The European Union gives many economic benefits to member countries. These include free trade, inward investment from European companies, free movement of labour, harmonisation of regulations and qualifications and the stability of being in world’s largest trade block. However, critics argue that the European Union  imposes unnecessary costs on business and hampers the UK ability to grow. Leaving the EU could enable the UK…

Impact of falling oil prices on the Euro

Impact of falling oil prices on the Euro

Readers Question: Sorry I’m really confused on how the weak oil prices affects EUR/USD currency. I’ve tried searching for articles but there are really different arguments. For EURO – Weak oil prices worsens Eurozone inflation therefore European bank ,to prevent deflation and boost economy will continue with their negative interest rates and Quantitative easing which increase in money supply > hence causes EURO currency to depreciate . However for US – I’m quite confused..I know that oil prices are denominated in US dollars. However,how does…

Tight monetary policy in the EU

Tight monetary policy in the EU

Tight monetary policy implies the Central Bank is trying to reduce the demand for money and limit the pace of economic expansion. A tightening of monetary policy, could involve an increase in interest rates. – Higher interest rates increase the cost of borrowing and discourage investment and consumer spending. A tightening of monetary policy would be appropriate in a period of positive economic growth and rising inflation, above the inflation target. Europe has neither. The Eurozone is facing an inflation rate…