Articles by Desmond Lachman
- 10 Lessons from Cyprus Thursday, April 25, 2013
- Here are the likely lessons future historians will draw from Cyprus’s sorry experience in the euro.
- Cyprus’s Imminent Collapse Wednesday, March 27, 2013
- Any calm bought by the IMF-EU bailout package for Cyprus will be short-lived. Cyprus is all but certain to experience an economic collapse over the next two ...
- The Biggest Loser: Europe and the Global Currency War Monday, February 11, 2013
- One can only hope global policymakers wake up to the risks of a strengthening euro before it is too late.
- Angela Merkel’s Cypriot Headache Wednesday, January 16, 2013
- German Chancellor Merkel will want a quick resolution of the Cypriot economic and financial crisis so that a bailout does not become a domestic political issue ...
- No Easing in the European Crisis Wednesday, January 2, 2013
- Far from fading, it is all too probable that the European crisis will intensify over the course of the coming year.
- Gushing about America’s Energy Future Monday, December 3, 2012
- A triumph of market forces rather than government planning.
- Don Quixote Is Alive and Well and Living in Spain Wednesday, October 17, 2012
- Spain is the euro area’s fourth-largest economy. Bad government policy threatens the whole euro project and the global economy.
- An Own Goal in Portugal Saturday, September 22, 2012
- The Portuguese economy will be in for the roughest of rides in 2013 if the government goes forward with a proposal to change corporate social security ...
- President Obama’s Ticking Greek Time Bomb Wednesday, August 15, 2012
- Developments in Athens suggest matters are spiraling out of control.
- Groundhog Day in Europe Friday, July 6, 2012
- European policymakers have to be concerned that the half-life of their band-aids is getting shorter and shorter while resistance to these measures gets ...
- The Predictable European Summit Ritual Wednesday, June 27, 2012
- At the upcoming summit, Europe’s northern countries will again reject southern countries’ proposed solutions to the European debt crisis, and the euro crisis ...
- Does Greece’s Election Really Matter? Friday, June 15, 2012
- The election will just postpone Greece’s inevitable default on its official debt and its unavoidable euro exit by a month or two.
- Who Lost Greece? Wednesday, June 6, 2012
- A relatively insignificant southern European country threatens the very survival of the euro in its present form. How did we get here, and what lessons does ...
- Europe’s Future on the Ballot Tuesday, May 1, 2012
- Depending on what happens this weekend, Europe should start bracing itself for a renewed intensification of its sovereign debt crisis.
- The Next and More Serious Phase of the European Crisis Monday, April 23, 2012
- Two upcoming political events could usher in a new, worse phase of the European debt crisis.
- Europe’s Financial Maginot Line Tuesday, April 3, 2012
- Europe’s proposed financial firewall around Spain and Italy will likely prove as effective in protecting those countries from another market onslaught as was ...
- Time for Greece to Leave the Euro Tuesday, March 20, 2012
- It is difficult to overstate how badly the Greeks were misled by the IMF and EU. Greece’s only path forward is to reintroduce its own currency.
- Binds and Bonds: Why the EU Should Break Up Friday, February 10, 2012
- Europe’s core countries should take preemptive action to form a smaller and more enduring currency union.
- Merkel’s Moment Wednesday, November 23, 2011
- If past is prologue to the future, there is little reason to believe that Merkel will allow the ECB to provide unlimited support to the periphery.
- It’s Europe’s Economic Growth, Stupid Thursday, November 17, 2011
- European policymakers are clinging to the forlorn hope that the eurozone crisis can readily be defused by putting in place national unity governments in Greece ...
- No Lehman on the Aegean Thursday, October 20, 2011
- Can we be spared a Lehman-style crisis when Greece’s hard default occurs?
- Obama’s European Economic Time Bomb Monday, August 8, 2011
- A wave of defaults is coming. This will badly damage Obama’s reelection chances.
- A Tale of a Euro Exit Foretold Tuesday, July 5, 2011
- Whether through bailout fatigue, austerity fatigue, or a full-blown bank run, Greece’s exit from the euro is now inevitable.
- Ms. Lagarde’s Poisoned Chalice Tuesday, June 7, 2011
- The front-runner to replace the disgraced Dominique Strauss-Kahn as IMF chief will inherit Europe on the brink of disaster.
- Greece’s Unhappy Anniversary Thursday, May 12, 2011
- One year after having received a $150 billion bailout package from the International Monetary Fund and European Union, Greece is back at the public trough ...
- Repeating Europe’s Charade? Sunday, March 20, 2011
- There is every indication that markets will soon force Portugal to follow Greece and Ireland and request a bailout from the International Monetary Fund.
- Till Debt Do Us Part Thursday, February 17, 2011
- The European marriage between its peripheral and core countries shows all the signs of the parties having irreconcilable differences.
- No Recovery for the American Worker Saturday, January 29, 2011
- The present U.S. economic recovery will be difficult to sustain without a meaningful increase in labor incomes, yet scant attention is being paid to how little ...
- What Might Trigger the Euro’s Demise Friday, December 3, 2010
- The Greek, Irish, Portuguese, and Spanish governments already have tenuous holds on power. A deepening in their economic crises could give rise to populist ...
- Europe Confronts Stein’s Law Thursday, November 18, 2010
- If something cannot go on forever, it will stop. This aphorism appears particularly apt for the current Eurozone.