eurozone - Economics Students Society of Australia

eurozone

A collection of 13 posts

A bitter summer: Greece on the precipice

A bitter summer: Greece on the precipice

Well then. Here we are once more. The next Greek debt payment to the IMF is due. Except this time, Alexis Tsipras and Yanis Varoufakis, Greece’s prime minister and finance minister respectively, seem to have decided that enough is enough. That there will be no more lurching from interest

A tale of two economies: From Australia to Europe – Part 2

In my previous article, I described my experiences travelling through Italy on the 2015 International Study Program in Banking and Finance, which is managed by Monash University. Following this experience, I moved further north and crossed the Swiss Alps. Switzerland, I have come to learn, also has much stricter immigration

Germany and the Euro

Germany and the Euro

Since the Eurozone descended into despair in the aftermath of the Global Financial Crisis, Germany has awarded itself the position of chief economic lecturer. They have been quick to suggest and even quicker to impose deflationary and austere policies on countries in the region such as Greece, Italy and Spain,

Fear of deflation re-ignites in the Eurozone

Fear of deflation re-ignites in the Eurozone

The ominous threat of deflation has haunted the Eurozone ever since the global financial crisis in 2008. Recently, fear of an uncontrollable deflationary spiral has re-emerged as prices in many of the largest European economies continue to decline. In February consumer prices in Ireland had fallen by .1% for the

Lessons learnt from the EU crisis: looking forward

Lessons learnt from the EU crisis: looking forward

This article was featured as part of ESSA’s annual Equilibrium publication. The EU crisis has been painful for EU citizens and policy-makers alike. However, it’s not necessarily all bad news. With a long-term outlook, it is possible that the Eurozone could be stronger for the crisis. More specifically,

Has austerity failed? ESSA Debate primer

Has austerity failed? ESSA Debate primer

This Friday night, teams from Melbourne and Monash will go head to head in ESSA’s annual economic debate. This year’s debate will revolve around austerity. Unless you’ve spent the last ten years in some sort of fiscal wilderness, it’s probably a term you’ve heard. But,

Monash versus Melbourne: The blow by blow

Monash versus Melbourne: The blow by blow

As students from Monash and Melbourne converged on the heart of Clayton campus for the inaugural ESSA Monash versus Melbourne Economics debate, the tension crackling in the air was palpable. For the Melbourne team, losing to the new kids on the block would be an irrevocable stain on their self-perception.

The joy of debating economics ... Seriously!

The joy of debating economics ... Seriously!

In an affirmation of the natural order of things, on Thursday night out at Monash University, the University of Melbourne team (composed of myself, 1st-year student Emad, and the incomparable Prof. Jeff Borland) took out a closely fought debate to determine whether the Eurozone has been a success or a

The BitCoin: 'In no one we trust'

Last year I wrote a few articles discussing the origins of money and how its development arose from the need to have some sort of commonly accepted medium for storing and exchanging value, led by governments who could enforce and guarantee the value of currency. More generally, this is the

Small country, so what’s the big deal?

Small country, so what’s the big deal?

This past Tuesday (March 19th), the German-led Eurozone finance ministers and International Monetary Fund (IMF) offered Cyprus a €10 billion bail-out package. The catch is, this plan requires Cyprus to raise approximately €5.8 billion (almost one-third of Cyprus’ GDP) as its share of the bailout, by Monday (March 25th)

Eurozone Problems Intensify as Italy Rejects 'Austerity Cage'

Eurozone Problems Intensify as Italy Rejects 'Austerity Cage'

The recent Italian elections saw the majority lower house vote go to Pier Luigi Bersani, leader of the centre-left bloc. The lack of the requisite majority in the upper house has left the election outcome uncertain. However it is clear that Bersani’s promise to end the crush of austerity

The Euro Crisis (Continued): Time to make a choice?

The Euro Crisis (Continued): Time to make a choice?

It is now July 2012, almost three years since the chain of events that set in motion what is now called the Euro Crisis and surprisingly enough, the world is still waist deep in the middle of it. In my previous article I attempted to diagnose what was causing the

The Euro Crisis: Why Greece is broke but Germany won't do anything about it

The Euro Crisis: Why Greece is broke but Germany won't do anything about it

Anyone reading the news lately would’ve surely caught on that something is amiss in Europe: The so called ‘PIGS’ (Portugal, Ireland, Greece and Spain), and especially the Greeks have been on the edge of default for months, causing rumours that the Euro may be headed to the scrap heap.