This is a continuation of my thoughts from two weeks ago on Europe. Rather than continue using the new Credit Writedowns Post Framework, I want to to use the news flow to bring this one together.
I have a slew of European articles for the links that I will use here instead to tie together the overarching themes dominating the European landscape. The dominant theme is that the economy of Europe is in tatters and this is causing a re-think of the policy course. In my view, the political space for the re-think is limited and will ultimately entail some tacked-on growth policies and relaxed deficit target timetables. However, the prevailing economic paradigm will remain the same, fiscal consolidation to prevent sovereign default.
As fiscal consolidation is a deflationary policy, I expec...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.