The market confidence bugaboo

A specter is haunting Europe – the spectre of “market confidence.”

It may have been fear of communism that agitated governments when Karl Marx penned the opening line of his famous manifesto in 1848, but today it is the dread that market sentiment will turn against them and drive up the spreads on their bonds. Governments all over are being forced into premature fiscal retrenchment, even though unemployment remains very high and private demand shows few signs of life. Many are driven to undertake structural reforms that they don’t really believe in – just because it would look bad to markets to do otherwise.

Read the rest here.

Comments

[wholesale mac cosmetics]

I am apreciating it very much.I have never read such a lovely article and I am coming back tomorrow to continue reading.

[cheap mac makeup]

The article written by you very good, I like it very much. I will keep your new article.

[discount jordan shoes]

More please, this information helped me consider a few more things, keep up the good work.

[cheap jordans shoes]

my friend told me that this blog is competitive. i will read more.

[air max nike]

Thank you very much. I am wonderring if i can share your article in the bookmarks of society，Then more friends can talk about this problem.

[ed hardy]

Your article very interesting, I have introduced a lot of friends look

at this article, the content of the articles there will be a lot of

attractive people to appreciate, I have to thank you such an article.

[ed hardy]

I really enjoyed the blog. I have just bookmarked. I am reguler

visitor of your website i will share it with my friends
Thanks

[[email protected] Calorie Counter]

Communism?Nobody ever likes to experience that ever!

[Biomedical calibration service]

thank you .....

[Kimmy0606]

We really should do more of these, while some of our jokes are meant for a more "adult" crowd (still safe for work and not vulgar or anything) - we'd like to post some jokes catered more towards are younger readers.[url=http://www.thehandbags.us/4-dior-handbags/]Replica dior-handbags[/url]Barbara Bui Handbags Specifically, short and simple jokes that kids can remember [url=http://www.thehandbags.us/]Replica Gucci handbags[/url]and tell their friends for a quick laugh.Dr. Smith recently got his doctorate in psychology and his first assignment was to visit the community loony bin retirement home for the patient's monthly mental examination[url=http://www.thehandbags.us/6-hermes-handbags/]Replica Hermes handbags[/url].An aspiring young lawyer was sitting in her office late one night, when Satan appeared before her. The Devil told the lawyer "I have a proposition for you..."

[replica watches]

A real and factual article that readers really enjoy.

[jordans shoes]

 I am so interested in it!

[cheap designer handbags]

The article written by you very good, I like it very much. I will keep your new article.

[bag reviews]

Great article,I think its very useul.

[free web directory]

Great article,I think its very useul.

[free web directory]

Great article,I think its very useul.

[bagsok reviews]

Great article,I think its very useul.

[create a free blog]

Great article,I think its very useul.

[Acronym List]

Great article,I think its very useul.

[jordan sneakers]

A real and factual article that readers really enjoy.

[running new balance]

Great article,I think its very useul. so much

[cezille]

Competitive in terms of discussion is it?

[Zach]

Looking forward to your upcoming book, Professor Rodrik! Can you give us any hints on the territory you are emphasizing, vis a vis your other discussions/writings? Globalization is a broad topic...

And I was hoping that you would address the recent comments by Andy Grove (on industrial policy) in your recent debate at the Economist online. However, I didn't notice anything...would you post something on that here? He really has some interesting thoughts on promoting the capacity to scale, and he certainly speaks from a lifetime of experience.

Thanks

[http://www.bagsok.com]

Marvelous http://www.restaurantusa.info/ Must-Haves

[http://www.bagsok.com]

Pick Cutest http://www.bagsok.com for Yourself!

[cheapest generic viagra]

A real threat depending on fiscal growth of market sharing..!!

[MBT Shoes]

Fitness shoes of MBT and Vibram Five Fingers are collected at our website.on sale.MBT Shoes Clearance You will find high-quality brand shoes at low prices. Fitness shoes of MBT and Vibram Five Fingers are collected at our website.on sale.MBT Shoes Clearance You will find high-quality brand shoes at low prices. http://www.pickmbtshoes.com/

[Herve Leger]

Dunno why I had to make a second wordpress account herve leger to leave a comment to your blog but anyways xD

Thx for the responses. The “vuvuzela-powered lazer beam” thing herve leger clothing and your last answer made me laugh out loud

I wanted to ask you this for quite some time now. I would herve leger dresses appreciate it if you replied. What’s actually harder, making a record or trying to name it?

[lucifershanbin721]

licy) in your recent debate at the Economist online. However, I didn't notice anything...would you post something on that here? He really has some[url=http://www.watcheslux.com/versace-watches.html]Versace replica watches[/url]

[ed hardy t-shirts]

The 66-year-old Garrett has been the Trojans’ athletic director for 17 years, but he received caustic criticism for his handling of USC’s scandals. The school didn’t say whether Garrett retired or had been fired.

Both Garrett and Haden are former USC football players. Garrett won the Heisman Trophy in 1965, while Haden was the Trojans’ starting quarterback for three years in the 1970s under coach John McKay.

http://www.ed-hardy.cc/ed-hardy-clothing.html ed hardy clothes

[Buy WoW Gold]

I am glad to talk with you and you give me great help! Thanks for that， I am wonderring if i can contact you via email when i meet problems?

[superflatiron]

A real and factual article that readers really enjoy.

[Herve Leger]

Dunno why I had to make a second wordpress account [URL=http://www.buyherveleger.net]herve leger [/URL] to leave a comment to your blog but anyways xD

Thx for the responses. The “vuvuzela-powered lazer beam” thing URL=http://www.buyherveleger.net]herve leger clothing [/URL] and your last answer made me laugh out loud

I wanted to ask you this for quite some time now. I would URL=http://www.buyherveleger.net]herve leger dresses[/URL] appreciate it if you replied. What’s actually harder, making a record or trying to name it?

[Weighing Equipment]

Rim grip drum handler, crane slung drum rotator, automatic drum tongs, fork mounted drum grab, drum pincer and drum clamps can all be found in our drum lifting attachments section

[buy Office 2007]

http://www.software-shops.com/ buy office 2007
http://www.software-shops.com/microsoft-office Office 2010 sale

[jordan shoes]

do you like sports? are you a basketball player? are you a fans of Michael jordan?
"yes ,you are!" you said.so hveing a pair of jordan shoes is a urgent need for you.now a shop selled jordan shoes can well satisfy for your requirements. go here there are many kinds jordan shoes for you,More important, those good quality and beautiful jordan shoes all Sold cheaply.and also, joran shoes are popular around the youngers.
so, do not hesitate.please catch the chance.just buying one shoes ，For you or for your children.

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com

[womens uggs]

The article written by you very good, I like it very much. I will keep your new article.

[acuvue oasys]

I think the economies of the past and those of today literally are influenced within seconds. Communication outlets these days can send the world markets tumbling or rocketing on certain pieces of news, good or bad.

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

[lachou]

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

[cheap louis vuitton]

niece good luck to you

[Accessory reviews]

Why are governments taking up such structural reforms just because it will look bad to the market place? Won't this keep us in a recession, or worse in the long-haul? Debt is skyrocketing because of this spend-our-way-out-of-trouble attitude.

[Roxana Wild]

Hi, i read now you'r Blog a very long time but did not yet found a way to get News by Mail then RSS, if im to stupid i would be happy to hear from you or add my E-Mail adress to your Newsletter list. Thanks for your Help and greetings Roxana

[ghd straighteners]

As we know, now GHD are loved by more and more people, which will save up to 45%.welcome to http://www.ghdoutlet-au.com/.

[Nancy Liao]

I am translating your book-THE GLOBALIZATION PARADOX: DEMOCRACY AND THE FUTURE OF THE WORLD ECONOMY into Chinese for Renmin University publishing in China. It is a lot of work, although it is also very interesting. Nancy

[designer clothes]

Dani Rodrik.......Thanks for your good post.....I am your honest reader.

[ugg classic]

Ugh, I liked! So clear and positively.
Have a nice day

[louis vuitton]

I am translating your book-THE GLOBALIZATION PARADOX

http://www.louisvuitton4love.com

[lousi vuitton handbags]

Ugh, I liked! So clear and positivel
http://www.louisvuitton4love.com/

[Ninja Pas cher]

Make persistent efforts. Emperor it pays off.

[Nike Air Max Classic]

Elegant writing!!! Exquisite remarks above!!!

[wholesale jardan shoes]

I am apreciating it very much.I have never read such a wholesale Jordan Shoes lovely article and I am wholesale jeans coming back.

[Coach handbag]

your artical is very interesting, and i also have a brilliant website to share with you. http://www.worthmall.com . thanks. you won't be a loss to visit it. maybe you can get something you are favorite.

[Wholesal Tiffany]

welcome to http://www.wholesalesite.net. there is many kind of goods for you to choose, such as clothes, shoes, watches, bracelet

and so on. there is various items to choose from. thanks for your support. have a good day.

[r4 ultra]

i knows a site, it makes me excited!if you have time,you can view the site! http://www.r4fords.co.uk/

[fake chloe handbags]

what is the "bugaboo" mean from "The market confidence bugaboo"? any one could tell me ?

[replica versace handbags]

this article about market confidence is so clear and powerful.

[fake versace handbags]

what a nice article,i like it very much ,thank you.

[China Wholesale]

China Wholesale
I have never read such a wonderful article and I am coming back

tomorrow to continue reading.

[China Wholesale]

China Wholesale
I have never read such a wonderful article and I am coming back

tomorrow to continue reading.

[louis vuitton abbesses]

And I was hoping that you would address the recent comments by Andy Grove (on industrial policy) in your recent debate at the Economist online. However, I didn't notice anything...would you post something on that here? He really has some interesting thoughts on promoting the capacity to scale, and he certainly speaks from a lifetime of experience.

Thanks

[air jordan 2010]

how to do the SEO? how to get more PR for you site?

[william]

Thank you for this article it's very informative

[links jewellery]

thanks for sharing.I have good time.

[classic cardy]

Water Lillies brought out the essence of life. http://www.uggsbailey.co.uk/sitemap.html

[mbt shoes sale]

I just want to say the spirit is positive,but the content is simply.

[Cheap Digital Shop]

like it very much. I will keep your new article.

GreatWin-Win Mall
http://greatwin-win.com

[Cheap Digital Shop]

GreatWin-Win Mall
http://greatwin-win.com

niece good luck to you.
Thanks for sharing this topics as good as ones about mobile phones.
everyone has his perspetives about digital camera and netbook | laptop. online stores http://greatwin-win.com, http://www.alipeak.com of electronics:
have all the best images and stories about creative products. Feel free to use it anytime. it is full of passion. If you would like to suggest a good source of Discount electronics. please share it with me.

[cluburbanclothing]

Looking for Air Jordans? They can be difficult to find. But now there's help.
This list of online retailers will help you find used, new, retro, on-sale, large-sized, men's,
women's and children's authentic Air Jordans -- and probably any other kind of Jordans you're looking for.
Check out this big list of retailers of http://www.guccishoesmall.com

[replica mac cosmetics]

Here is the newest coupon code for a free sample of replica mac cosmetics Zoom

Lash mascara with any purchase. You will also get free shipping on your order. Just enter promotional code LASH510 at checkout at

http://www.maccosmeticsreplica.com. Keep in mind that these offers expire after a period of time.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[jordan shoes for sale]

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

[authentic jordans]

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day because you have interesting entries that I look forward to. Here’s hoping there’s a lot more great material coming!

[authentic jordans]

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day because you have interesting entries that I look forward to. Here’s hoping there’s a lot more great material coming!

[cheap jordans]

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day because you have interesting entries that I look forward to. Here’s hoping there’s a lot more great material coming!

[cheap jordans]

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day because you have interesting entries that I look forward to. Here’s hoping there’s a lot more great material coming!

[cheap jordans]

I feel like I’m often looking for interesting things to read about a variety of subjects, but I manage to include your blog among my reads every day because you have interesting entries that I look forward to. Here’s hoping there’s a lot more great material coming!

[Replica Bags]

Hello this is a good post. I'm going to e-mail this to my buddies. I came on this while searching on yahoo I'll be sure to come back. thanks for sharing.

[designer handbags]

Ugh, I liked! So clear and positively.
Have a nice day

[NFL Football Jerseys]

If I speak in the Cheap Authentic NFL Jerseys tongues of men and of angels, but have not love, I am only a resounding gong or a clanging cymbal. If I have the gift of prophecy and can fathom all mysteries and all Official NFL Jerseys knowledge, and if I have a faith that can move mountains, but have not love, I am nothing. If I give all I possess to the poor and surrender my USA Jerseys Shop body to the flames,but have not love, I gain nothing.Love is patient, NFL Jerseys love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it NHL Jerseys keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always MLB Jerseys hopes, always perseveres.Love never NHL Hockey Jerseys fails. But where there are prophecies, they will cease; where there are tongues, they will be stilled; where there is knowledge, it will pass away. For we know in part and we prophesy in MLB Baseball Jerseys part, but when perfection comes, the imperfect disappea. When I was a child, I talked like a child, I thought like a child, I reasoned like a child. When I became NBA Basketball Jerseys man, I put childish ways behind me. Now we see but a poor reflection as in a mirror; then we shall see face to face. Now I know in part; then I shall know fully, even as I am fully known.And now these three remain: faith, hope and NFL Football Jerseys love. But the greatest of these is love. http://www.jersey-usa.com/sitemap.html LIJ

[NFL Football Jerseys]

If I speak in the Cheap Authentic NFL Jerseys tongues of men and of angels, but have not love, I am only a resounding gong or a clanging cymbal. If I have the gift of prophecy and can fathom all mysteries and all Official NFL Jerseys knowledge, and if I have a faith that can move mountains, but have not love, I am nothing. If I give all I possess to the poor and surrender my USA Jerseys Shop body to the flames,but have not love, I gain nothing.Love is patient, NFL Jerseys love is kind. It does not envy, it does not boast, it is not proud. It is not rude, it is not self-seeking, it is not easily angered, it NHL Jerseys keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always MLB Jerseys hopes, always perseveres.Love never NHL Hockey Jerseys fails. But where there are prophecies, they will cease; where there are tongues, they will be stilled; where there is knowledge, it will pass away. For we know in part and we prophesy in MLB Baseball Jerseys part, but when perfection comes, the imperfect disappea. When I was a child, I talked like a child, I thought like a child, I reasoned like a child. When I became NBA Basketball Jerseys man, I put childish ways behind me. Now we see but a poor reflection as in a mirror; then we shall see face to face. Now I know in part; then I shall know fully, even as I am fully known.And now these three remain: faith, hope and NFL Football Jerseys love. But the greatest of these is love. http://www.jersey-usa.com/sitemap.html LIJ

[coach handbags]

Nike air max 2010,air max 2009,air max shoes on sale.Buy nike air max shoes on http://www.nikeairmax-1.com low at $62,especially [url=http://www.nikeairmax-1.com/]air max 2010[/url],[url=http://www.nikeairmax-1.com/]air max 2009[/url],BOSE products include BOSE headphones,BOSE mobile in-ear, Bose earphones headphones [url=http://www.headphoneonsales.com/]cheap bose headphones[/url][url=http://www.headphoneonsales.com/]bose headphones[/url]

[Bi Sadong]

Really interesting ideas. Thank you very much.

[ouyang]

One day i went shopping outside,and in an jerseys store, I found some kinds of:http://www.nfljerseyspub.com

[VRS]

He really has some interesting thoughts on promoting the capacity to scale!

[buy wow gold]

Great article,I think its very useul. so much