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Geography Archives: Ireland

Impoverishing Europe

  The crisis is not relinquishing its grip on Europe.  From autumn 2008 to early 2009 the world market experienced the deepest slump in economic output since the Second World War.  This is a global crisis.  Even in emerging economies like China, Brazil, or India economic growth declined and could not compensate for the recession […]

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Tough on Euros, Weak on Nazis

Hurray!  Merkel won the day!  It took a long night of backroom bargaining, but except for that Tory, David Cameron, all European Union members agreed to save the euro, save the economy, save the world!  It had been on the brink of disaster, Sarkozy warned on the eve of the meeting: unless we reach agreement […]

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Debunking the Greek (and European) Crisis Narrative

In a recent debate the candidates for the Republican presidential nomination treated cutting the deficit as the panacea that would address the European crisis and prevent the United States from having a similar fate.  This diagnosis is wrong but it is unfortunately not unique to the Republicans in this country.  In fact, it is this […]

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The Irish Presidential Election

The Irish presidency is a peculiar thing.  For an almost powerless political position, the presidential election is usually quite a hard fought one.  The presidency is nothing more than a ceremonial office for whoever gets it, but the upside to it is that they get to live rent-free for seven years in a big house […]

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Can BRICS Help Europe?

Last week Brazilian Finance Minister Guido Mantega proposed that the BRICS countries offer help to Europe, either through the International Monetary Fund (IMF) or by buying up European bonds.  I can understand the sentiment: The European authorities have created a financial crisis that is already slowing the world economy and could potentially have even worse […]

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Why the Euro Is Not Worth Saving

The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs.  This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy.  With a two-trillion dollar economy and $2.45 trillion in debt, Italy is […]

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