Tag Archives: EU

Three cheers for the IMF, the EU, and the ratings agencies!!!

Hungary’s new constitution came into force on January 1.  This was not good news. Engineered by Prime Minister Viktor Orbán’s Fidesz party, the new constitution has a number of unsavory elements. The Constitutional Court, which serves as a check on … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , | 1 Comment

Europe’s Articles of Confederation

In his Financial History of the United States (1879), Albert Bolles wrote “Thought but little more than a century has passed since the first Continental Congress met, in September, 1774, the financial history of the United States during the subsequent … Continue reading

Posted in Financial Crisis | Tagged , , , , , , | Leave a comment