spain

The bailout of Spain’s banks shows the heart of our problem

By / 17 Comments / 12 November 2017

Summary:  The US and Europe have not recovered from the 2008-09 crash in part because we applied first aid, but squandered the time those measures bought for us (at great cost).  An essential aspect of post-crash reforms is fixing our financial systems.  The bailout of Spain’s banks — expensive for Spain’s people, easy money for …

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The periphery of Europe – a flashpoint to the global economy

By / 16 Comments / 30 July 2012

Introduction:  This is the fourth in a series of dashed off speculative opinions.  Normal procedure on the FM website for these topics would be 3 thousand word posts, supported by dozens of links.  I dont’ have the time to finish them, and too many of these outlines have accumulated in my drafts file.  Perhaps these will spark useful debate …

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