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  • Budget 2018: The Most Disappointing Budget Ever March 14, 2018
    Premier Pallister’s Trump-esque statement that budget 2018 was going to be the “best budget ever” has fallen a bit flat. Instead of a bold plan to deal with climate change, poverty and our crumbling infrastructure, we are presented with two alarmist scenarios to justify further tax cuts and a lack of decisive action: the recent […]
    Canadian Centre for Policy Alternatives
  • 2018 Federal Budget Analysis February 14, 2018
    Watch this space for response and analysis of the federal budget from CCPA staff and our Alternative Federal Budget partners. More information will be added as it is available. Commentary and Analysis Some baby steps for dad and big steps forward for women, by Kate McInturff (CCPA) An ambition constrained budget, by David Macdonald (CCPA) Five things […]
    Canadian Centre for Policy Alternatives
  • CED in Manitoba - The Video January 29, 2018
    Community Economic Development in Manitoba - nudging capitalism out of the way?
    Canadian Centre for Policy Alternatives
  • With regional management BC’s iconic forest industry can benefit British Columbians rather than multinational corporations January 17, 2018
    Forests are one of the iconic symbols of British Columbia, and successive governments and companies operating here have largely focussed on the cheap, commodity lumber business that benefits industry. Former provincial forestry minister Bob Williams, who has been involved with the industry for five decades, proposes regional management of this valuable natural resource to benefit […]
    Canadian Centre for Policy Alternatives
  • Community Economic Development in Manitoba - a new film January 16, 2018
    Cinameteque, Jan 23.  7:00 pm - Free event Film Trailer CCEDNET-MB, CCPA-MB, The Manitoba Research Alliance and Rebel Sky Media presents: The Inclusive Economy:  Stories of Community Economic Development in Manitoba
    Canadian Centre for Policy Alternatives
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The ECB and the Euro Crisis

Here is an excellent commentary by Andrew Watt on the new ECB commitment to buy bonds without limit to reduce interest rates on the government debt of troubled members of the Euro zone. While an important and necessary step, this still means that deflationary austerity will continue, and that there will be no offsetting stimulus in surplus countries. And he notes that the ECB has set no target for interest rate spreads.

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Comment from Roy McPhail
Time: September 8, 2012, 1:59 pm

I admit that I am not a formally trained economist, although I have been an avid student of macroeconomics since 2008, and do have much training and experience in engineering forensics. I disagree with the ECB’s latest round of treatments, which is based on a flawed diagnosis of the source of the crisis. Steve Keen makes the most sense both with his diagnosis (too much private debt), and with his suggested treatments (e.g. – modern debt jubilee).

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