Category Archives: Eurozone Crisis

This is a series of 3 notes which purpose is to explain in simple terms the causes of the European sovereign debt crisis.

The Eurozone on the Verge of its Dismembering. My Attempt at Explaining the Drama in Europe in Simple Words – Part 3 & 4

Part 3: Disappearance of Currency Risk & the Animal Spirits One Unified Rock Solid Currency Across Heterogeneous Economies In addition to the factors explained in Part 1 and 2 of this note, one should note the role that the disappearance … Continue reading

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The Eurozone on the Verge of its Dismembering. My Attempt at Explaining the Drama in Europe in Simple Words – Part 2

Part 2: The Mercedes and the Feta Cheese As we have seen in part 1, debt in the periphery of the Eurozone has climbed to allegedly unsustainable levels as a consequence of the crisis more than as a cause of it. So … Continue reading

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The Eurozone on the Verge of its Dismembering. My Attempt at Explaining the Drama in Europe in Simple Words – Part 1

Setting the Frame The Global Financial Crisis that started in 2008 and shook the world is now considered one of the longest since the Great Depression of the 1930’s. While the US are experiencing a mild growth which is making … Continue reading

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