To BOT, Or Not?

How Italy could issue its own local currency to avoid EU-imposed austerity in return for ECB loans. If it looks like money and behaves like money then it is money. The picture here shows a mocked-up, Italian mini-BOT (Buono Ordinario del Tesoro), the proposed parallel currency that the Italian government is threatening to introduce to … More To BOT, Or Not?

Themes-16: EMU-Euro

A précis of previous posts on this theme In June 2015 the presidents of the five major divisions of the European Union, led by Jean-Claude Juncker, President of the European Commission, published their report, titled Completing Europe’s Economic and Monetary Union. We reviewed the report in three posts, the second of which covered economic and … More Themes-16: EMU-Euro

Themes-15: Democracy

A précis of previous posts on this theme Over the three years we’ve been writing this blog democracy has been close to the centre of our attention. The issue of democracy highlights, perhaps more than any other theme, the gap between the values that the EU declares it holds and the absence of such values … More Themes-15: Democracy

Enlightenment

The idea for a union that would bring peace, cooperation and prosperity to Europe was a great one but the present EU plan and structure has brought none of these things. When we were young we believed in ‘enlightened’ political theories, since then we have taken better notice of what was revealed during The Enlightenment … More Enlightenment

Party Politics

Whatever the outcome of a second Referendum it is unlikely to be so decisive that it resolves the national divide on Brexit. A General Election would at least change a few bottoms on the green benches at Westminster but how do voters choose given that it could change a lot of things apart from EU … More Party Politics