Euro area is back on the brink of recession

#1

Post by 0xedb » Tue, Jan 22, 2019, 10:11 PM UTC

Euro area is back on the brink of recession
economist.com

Re: Euro area is back on the brink of recession

#2

Post by adamnemecek » Tue, Jan 22, 2019, 10:50 PM UTC

Common currency without a common monetary policy, who would have thunk that this was a bad idea?

Re: Euro area is back on the brink of recession

#3

Post by offsetr » Tue, Jan 22, 2019, 10:53 PM UTC

And to think the comission was making speeches just a few months ago touting a faster than US growth rate.

Re: Euro area is back on the brink of recession

#4

Post by RECESSI0N » Tue, Jan 22, 2019, 10:55 PM UTC

Recession.

Re: Euro area is back on the brink of recession

#5

Post by gricardo99 » Tue, Jan 22, 2019, 10:55 PM UTC

adamnemecek wrote: post #2

Common currency without a common monetary policy, who would have thunk that this was a bad idea?

uh, the ECB sets the eurozone monetary policy[1]

1 - https://en.wikipedia.org/wiki/European_Central_Bank

Re: Euro area is back on the brink of recession

#6

Post by draw_down » Tue, Jan 22, 2019, 10:55 PM UTC

adamnemecek wrote: post #2

Common currency without a common monetary policy, who would have thunk that this was a bad idea?

If a recession means that a particular economic setup is a bad idea, would love to know what a good idea looks like

Re: Euro area is back on the brink of recession

#7

Post by isostatic » Tue, Jan 22, 2019, 10:57 PM UTC

gricardo99 wrote: post #5

adamnemecek wrote: post #2

Common currency without a common monetary policy, who would have thunk that this was a bad idea?

uh, the ECB sets the eurozone monetary policy[1] 1 - https://en.wikipedia.org/wiki/European_Central_Bank

There's a lot of FUD about the EU, especially in America

Re: Euro area is back on the brink of recession

#8

Post by rconti » Tue, Jan 22, 2019, 11:02 PM UTC

gricardo99 wrote: post #5

adamnemecek wrote: post #2

Common currency without a common monetary policy, who would have thunk that this was a bad idea?

uh, the ECB sets the eurozone monetary policy[1] 1 - https://en.wikipedia.org/wiki/European_Central_Bank

I'm guessing parent meant fiscal policy.

Re: Euro area is back on the brink of recession

#9

Post by cm2187 » Tue, Jan 22, 2019, 11:02 PM UTC

That I think is the saving grace of Brexit. Investor confidence in Italian public debt will evaporate sooner or later, and I don’t see Germany allowing and paying for a bailout of Italy, given how they reacted to the bailout of Greece. The UK will likely look like a safe heaven for capitals when that happens.

Re: Euro area is back on the brink of recession

#10

Post by NicoJuicy » Tue, Jan 22, 2019, 11:02 PM UTC

isostatic wrote: post #7

gricardo99 wrote: post #5

Earlier quoted context omitted.

uh, the ECB sets the eurozone monetary policy[1] 1 - https://en.wikipedia.org/wiki/European_Central_Bank

There's a lot of FUD about the EU, especially in America

Don't get me started about the American companies that rate other countries.