Options for Europe – Part 20

The title is my current working title for a book I am finalising over the next few months on the Eurozone. If all goes well (and it should) it will be published in both Italian and English by very well-known publishers. The publication date for the Italian edition is tentatively late April to early May 2014.

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Structural fiscal balance is about full employment not ‘normality’

Already this morning I have received several E-mails asking me to comment on the latest article in the Sydney Morning Herald (February 3, 2014) – Budget a matter of timing and nerve – by its economics editor Ross Gittins. I prefer not to write a full blog about this because it will distract me from my Eurozone book that is running to a tight deadline before publishing. But I will make a short comment on what I see as symptomatic among financial and economics journalists – a laxity in their terminology, which either deliberately supports or involuntarily plays into the hands of those who seek to redefine full employment as something that allows austerity to look acceptable.

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