The ECB’s Secret Letter to Ireland: Some Questions
By announcing it is only willing to purchase Spanish and Italian government bonds if these governments apply for funding from […]
Central Banks
Euro Crisis
Europe Needs to Change Its Disastrous Policy on Greece: Here’s Why and How
There has been a marked increase in the number of European politicians talking about a Greek exit from the euro.
Euro Crisis
Would A Greek Exit Really Be Manageable?
Jean-Claude Juncker, Luxembourg prime minster and head of the Eurogroup of finance ministers has said that he believes that a Greek exit
Central Banks, Euro Crisis
Is the ECB Risking Insolvency? Does it Matter?
After Mario Draghi’s hints that the ECB is getting ready to purchase large quantities of Spanish and Italian bonds, expect to read
Central Banks, Euro Crisis
ECB : We’ll Do What It Takes. Kinda. Sorta. Later.
My thoughts on today’s ECB Governing Council announcements are here.
Euro Crisis, Irish Economy
McGill Summer School Talk on Debt, Austerity and Growth
Here‘s a link to my speaking notes for a talk that I gave tonight at the McGill Summer School. The
Central Banks, Euro Crisis
The Secret Tool Draghi Uses to Run Europe
Everyone knows central banks are powerful. When I used to visit Alan Greenspan’s office back when I worked for the
Banking, Central Banks, Irish Economy
Ireland Debt Negotiations: Not About Interest Rate on Promissory Note
The byzantine complexities of the IBRC’s promissory note-emergency liquidity assistance arrangements are such that it is inevitable that even the
Euro Crisis
Are Ireland and Spain Just Europe’s Nevada and California?
In this piece, Daniel Gros argues that Ireland and Spain should just be seen as Europe’s Nevada and California. I