The Long Run Blog

Critical Thinking on Money, Finance, and Economics

European Follies

In case you were inclined to believe the rumors that Eurocrats have solved their problems, consider this quote from today’s WSJ:

After a day marked by a brawl among Italian lawmakers, debating cutbacks in the country’s pension system, Italian Prime Minister Silvia Berlusconi took time out from the Brussels summit to call into a popular television show shortly after midnight, criticizing the European Central Bank and dismissing reports he plans to call for early elections.

October 26, 2011 Posted by | Credit Crisis, Markets | Leave a Comment

A sign of the times

Apparently, Hallmark now has unemployment cards:

Click for large view

And in another, even sadder, sign of the times, Hallmark has ID theft cards too:

Click for large view

October 14, 2011 Posted by | Personal Finance | Leave a Comment

Some thoughts on Greece

So, I recently heard a joke about the situation in Europe. It goes like this (my apologies to whoever came up with it, I can’t remember where I heard it):

Q: How many European finance ministers and bureaucrats does it take to change a light bulb?

Wait for it…… Read more »

October 4, 2011 Posted by | Econ Policy | , , | Leave a Comment

   

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