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Making Swiss Cheese Of The Euro?

IMG Auteur
Steve Keen
Debt Deflation
Published : January 19th, 2015
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Category : Opinions and Analysis

In the oth­er­wise for­get­table movie Cock­tail, when Tom Cruise’s char­ac­ter Brian Flana­gan abruptly splits with his date Bon­nie, she pleads with him not to let their rela­tion­ship end badly. He replies “every­thing ends badly: oth­er­wise it wouldn’t end.”

The tur­moil in for­eign exchange mar­kets caused by Switzerland’s abrupt end­ing of its Euro peg may be such a bad moment for the Euro—and it comes fig­u­ra­tively moments before another likely bad moment, the elec­tions in Greece on Jan­u­ary 25th that will in all like­li­hood bring the anti-austerity party Syriza to power. Will the Euro, like Flanagan’s rela­tion­ship in Cock­tail, end badly—and abruptly—soon?

 

Data and Statistics for these countries : Greece | Switzerland | All
Gold and Silver Prices for these countries : Greece | Switzerland | All
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Steve Keen is associate professor at the University of Western Sydney School of Economics and Finance. As an economist, he does something very unusual : he treats money seriously, and as a result he gets a very different result on how the economy operates.
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