July 2011
12 posts
El Euro a dos velocidades
En los últimos días, tanto FT Alphaville como Ambrose Evans-Pritchard han hecho mención de un estudio de HSBC donde se plantea un mundo hipotético donde el euro se hubiese dividido en dos partes para crear un Euro-core (EUC) y un Euro-periphery (EUP).
El análisis supone que el euro fuerte (EUC) tendría una dinámica parecida a la del franco suizo con respeto al dolar. Imaginan que ahora 1 EUC =...
Vicenç Navarro, "La clase social de los santos" →
“Este artículo analiza el estatus o clase social de los santos de la Iglesia Católica a lo largo de sus veinte siglos de existencia, subrayando la importancia del contexto político para determinar santidad.”
Tony Wrigley, "Opening Pandora’s box: A new look... →
A very interesting piece from VoxEU:
“Societies whose productive capacities were limited by the annual product of photosynthesis operated within severe and seemingly immovable constraints. Societies which switched to depending on the stored products of photosynthesis in the form of fossil fuels were released from these constraints, though whether the immense benefits which were thus made...
It's the economy, stupid
Joaquín Estefanía, "El juego del gallina" →
Joaquín Estefanía también emplea este concepto:
“La incapacidad de los políticos de casi todas las partes para llegar a acuerdos en este periodo de excepcionalidad económica mundial genera alarma social entre los ciudadanos. En Estados Unidos, republicanos y demócratas han peleado cada trinchera ideológica desde hace meses antes de intentar relajar el ambiente y convencer al planeta de que...
Barry Eichengreen, "General Marshall on the... →
“Since the economy needs help, here’s a novel idea: provide some. Now is the time for the European Union to come forward with a Marshall Plan for Greece.
Rather than piling more loans onto the country’s already unsustainable debt burden, the EU should offer a multi-year program of foreign aid. The Greek government and donors would decide together the projects that it financed. These could...
Una Segunda Seisachtheia
Se puede encontrar la versión original de este artículo aquí:
Jean-Claude Juncker, Presidente del Eurogrupo, confesó que “la soberanía de Grecia sera limitada masivamente”. En la clasificación de la Liga de las democracias europeas, Grecia ahora se encuentra tan sólo un peldaño por encima de Bielorrusia. Como recientemente advirtió Amartya Sen, la crisis del euro no es sólo económica, sino...
A few interesting links
From Free Exchange, a look at previous mixes of tax increases and spending cuts during fiscal consolidations: Finding the Republicans’ Golden Ratio
From Crooked Timber, a look at how austerity plans do not avoid ratings downgrades: The Catch-22 of the ratings agencies
From the Economist, a look at exposure to Greek debt: Coughs and Sneezes
Via Paul Krugman, a paper demonstrating that...
¿José María Aznar seguirá cobrando de News Corp?
José María Aznar fue nombrado directivo del News Corporation de Rupert Murdoch en 2006. En el último ejercicio cobró 171.300 euros.
News Corp es, después de Disney, el segundo conglomerado mediatico más grande del mundo. Sin duda es el más influyente. En los EEUU es el dueño del arma propagandistica del Partido Republicano, Fox News, y el Wall Street Journal. En el Reino Unido, tiene...
Leon Aron, "Everything You Think You Know About... →
This article from Foreign Policy is interesting in light of what is currently taking place in Europe:
“The role of ideas and ideals in bringing about the Russian revolution comes into even sharper relief when we look at what was happening outside the Kremlin. A leading Soviet journalist and later a passionate herald of glasnost, Aleksandr Bovin, wrote in 1988 that the ideals of...
Ted Genoways, "The Spam Factory's Dirty Secret" →
From Mother Jones: “First, Hormel gutted the union. Then it sped up the line. And when the pig-brain machine made workers sick, they got canned.”
Thomas Mayer, "The political economics of the... →
From Deutsche Bank Research:
“With political union in our view very unlikely, the best option for a stable future of EMU would be a return to the original marriage contract, the Maastricht Treaty. Without political leadership from the top, this outcome must be driven by grass-root events (e.g., a rebellion of the backbenchers in the Greek or Berlin parliament against their leaders or a bank...
