Jeroen Dijsselbloem

One-eyed Economists may not see so much depth

Imagine you work for Dijsselbloem at the Dutch treasury. Your pay has been frozen for four years,so over those years you lost some 8% purchasing power to inflation. But currently inflation is at 3% and rising; you’ll lose even more income this year. Your house lost 40,000 euro in value but your mortgage of course …

One-eyed Economists may not see so much depth Read More »

Cypriot hubris

Cyprus is a country of 800.000 people. How are they going to manage having a professional bureaucracy that can supervise a couple of world class banks? They can’t. Iceland was far smaller and couldn’t either. Cyprus is lost in hubris. Its previous President and conspiracy-theorist in chief Dimitris Christofias was a true and unabrogated communist. …

Cypriot hubris Read More »