EU politics
Ashoka Mody: Greek bonds now yield less than Treasurys, and that’s as irrational as it was in 2007
Today’s cheer in eurozone financial markets obscures a steadily weakening economic foundation Read here
Ashoka Mody
EU politics
Ashoka Mody – “The ECB has reached the end of its rope, leaving the eurozone with few options”
It seems a puzzle why, at its March 7 meeting, the European Central Bank indulged in sedate tinkering despite the mounting risk of a damaging eurozone recession. The puzzle has a simple answer. The ECB […]
Economics
Ashoka Mody – The ECB has reached its political limits. Its consequences in eight charts
The problem with the European Central Bank is that it has a neo-liberal mandate. It cannot and will not serve the interests of EU citizens because that is not its job. See its role in […]
Economics
Ashoka Mody: Germany is a diminished giant, and that spells trouble for Europe
Slower Chinese growth and the woes of Germany’s auto industry are sending the economy into recession. Read here
Economics
Ashoka Mody – On the euro’s 20th birthday, Draghi’s tribute perpetuates long-refuted myths”
The problem with the EU and Euro is that they are based on lies under the presumption that if repeated often enough, they will become reality. This worked well for a while, but as Abraham […]
Economics
Ashoka Mody – The Euro’s Inherent Flaws
Mody discusses the currency’s inherent flaws and its uncertain future — a topic that’s made headlines in recent days. Listen here
Austerity
Ashoka Mody – The Euro: a mindless idea
Ashoka Mody on the arrogant delusion of the architects of the EU. Read here
EU politics
Ashoka Mody – Britain has always felt awkward in the EU, so its exit is sure to be bitter and chaotic
The Brexit induced trauma is but an act in an evolving drama. Read here
EU politics
Ashoka Mody: Germany’s Economy Will Be Europe’s Problem
If people aren’t prospering, they won’t support integration. Read here
Austerity
Ashoka Mody: Fall of the eurozone’s saviours: Why Emmanuel Macron is following Matteo Renzi’s path to political oblivion
They inherited poorly performing economies that bred widespread social and political discontent, argues Ashoka Mody, and both leaders unwisely followed the traditional European recipe of ‘labour reforms’ Read here