tag:blogger.com,1999:blog-25064447.post625941136442946122..comments2013-09-12T06:30:06.298+02:00Comments on Spain Economy Watch: Serious Problems Emerge For The F-UK-De Group Of CountriesUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-25064447.post-59393649451754918002010-03-18T14:05:47.000+01:002010-03-18T14:05:47.000+01:00The big problem today is how to stabilize economie...The big problem today is how to stabilize economies that need devaluation of their currencies, but are under restrictive rules of foreign economical or political institutions. <br />There are moments when only deficit and devaluation can solve acumulated imbalances. This is basic economy, the rest is new architeture.<br /><br />And new architecture requires architects, not reporters of basic economy.<br /><br />The challenges are big, and only a big-pig country can accept it. The lesson later will be for everyone that want to learn new economy science.<br /><br />The rest will be taught as economy for dummies = devaluation of your own currency.Miguel Angelnoreply@blogger.comtag:blogger.com,1999:blog-25064447.post-90661227753301794322010-03-17T12:12:45.924+01:002010-03-17T12:12:45.924+01:00So, if i understand correctly, we are bunch of FUK...So, if i understand correctly, we are bunch of FUKDe PIIGS wallowing in the muck of past misdemeanors. I dread to think what will happen if we start adding other European countries to the acronym! <br /><br />My Spanish fiancée was very happy to hear an acronym for my home country, me having delighted rather foolishly in the one for hers.<br /><br />On a serious note, thanks for your efforts in this blog. It is great to get some objective economic opinions on what is happening, here in spain, rather than propoganda obfuscating the real situation.Unknownhttps://www.blogger.com/profile/04452492299838664831noreply@blogger.comtag:blogger.com,1999:blog-25064447.post-56274767386901769862010-03-16T10:44:09.450+01:002010-03-16T10:44:09.450+01:00Excellent post, once more.
In Spain (Greece or Ire...Excellent post, once more.<br />In Spain (Greece or Ireland), both domestic and public sector cannot de-leverage at the same time, unless a sizeable current account surplus is achieved. This is basic macroeconomics. And what is more, this cannot be achieved if all countries try to do it at the same time, and the surpplus generating countries (Germany, China), do not<br />admit to lose their hard-earned surpluses. <br />Apparently, only Ms Lagarde seems to understand it. It takes two to tango, one country´s deficit is another one´s surplus.<br /><br />Apart from this, it´s march 2010 and both spanish government and opposition keep acting as if nothing were happening. Despairing.<br /><br />JHAnonymousnoreply@blogger.com