Steven Hill: Chancellor Angela Merkel’s foreign policy of engagement towards Russia and her personal relationship with President Vladimir Putin lie in tatters.
ardly a day goes by without a new headline screaming about the scandal of youth unemployment, which has been pinned at the outrageous levels of 50 percent in Spain and Greece and above 20 percent in the eurozone. There’s just one problem – those numbers are derived from a flawed methodology, which misrepresents the true […]
Steven Hill: The key is having a prolonged period of peace and stability so that the slow march toward prosperity can gather steam. Fortunately the European Union provides that space for Romania, despite the current challenges of the eurozone.
Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.