{"id":2331,"date":"2011-09-11T16:39:38","date_gmt":"2011-09-11T14:39:38","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=2331"},"modified":"2011-09-12T15:25:23","modified_gmt":"2011-09-12T13:25:23","slug":"eye-on-the-market","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/eye-on-the-market\/","title":{"rendered":"Eye on the market:The debt crisis in the European Monetary Union as seen by a 9-year old, and US recession risks"},"content":{"rendered":"<p>For the last two years, if the <em>Eye on the Market <\/em>had a single dominant theme, it was that a common monetary policy does not by itself create a durable monetary union; that European asset markets were not adequately pricing in the risk that the European Monetary Union could fail, or require massive transfers to save it; and that austerity with no FX devaluation is doomed to failure. During this time, our skepticism about the EMU and European asset markets has been rewarded at every turn.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae:\u00a0\u00a0<\/strong>J.P. Morgan<\/p>\n<p><a href=\"http:\/\/blogs.reuters.com\/felix-salmon\/files\/2011\/09\/09-06-11-EOTM-European-Minifigure-Union.pdf\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the last two years, if the Eye on the Market had a single dominant theme, it was that a common monetary policy does not by itself create a durable monetary union; that European asset markets were not adequately pricing in the risk that the European Monetary Union could fail, or require massive transfers to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37],"tags":[26,28],"class_list":["post-2331","post","type-post","status-publish","format-standard","hentry","category-18","category-37","tag-26","tag-28"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=2331"}],"version-history":[{"count":6,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2331\/revisions"}],"predecessor-version":[{"id":2340,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/2331\/revisions\/2340"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=2331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=2331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=2331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}