Greek Tragedy Turns to Farce
Thoughts on last night’s Eurogroup meeting are here.
Greek Tragedy Turns to Farce Read Post »
Euro Crisis
Draghi Making a Big Mistake on Greek Bonds
After supposedly clarifying their position on equal treatment in relation to their bond purchases, Mario Draghi’s comments on the ECB’s
Draghi Making a Big Mistake on Greek Bonds Read Post »
This Week’s Must-Read on the Euro Crisis
A fantastic new paper by Lee Buchheit and Mitu Gulati, as well as links to other papers by Lee and
This Week’s Must-Read on the Euro Crisis Read Post »
Germany to Spain and Ireland: Drop Dead
I haven’t been as euphoric as some commentators about Ireland’s prospects of getting a “seismic” “game-changing” deal on bank-related debt.
Germany to Spain and Ireland: Drop Dead Read Post »
Another Step Toward A Federal Europe? Talks To Expand EU Budget Could Be Watershed Moment
Newspaper reports today suggest that greater moves towards an EU fiscal union, in the form of an expanded EU budget
After the Draghi Plan: Can Germany’s Prescription for Europe Work?
I have been sensing over the past few weeks that markets have been so enthusiastic about Mario Draghi’s bond-buying plans
After the Draghi Plan: Can Germany’s Prescription for Europe Work? Read Post »
Greece: We Need to Stop Confusing Default with Exit
The debate about “Grexit” continues to confuse the question of the sustainability of Greece’s debts with the question of whether
Greece: We Need to Stop Confusing Default with Exit Read Post »
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.
Europe Needs to Change Its Disastrous Policy on Greece: Here’s Why and How Read Post »
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
Would A Greek Exit Really Be Manageable? Read Post »
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
Is the ECB Risking Insolvency? Does it Matter? Read Post »
Some Saturday Euro Crisis Readings
Some useful links and readings from this week.
Some Saturday Euro Crisis Readings Read Post »
ECB : We’ll Do What It Takes. Kinda. Sorta. Later.
My thoughts on today’s ECB Governing Council announcements are here.
ECB : We’ll Do What It Takes. Kinda. Sorta. Later. Read Post »
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
McGill Summer School Talk on Debt, Austerity and Growth Read Post »
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
The Secret Tool Draghi Uses to Run Europe Read Post »
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
Are Ireland and Spain Just Europe’s Nevada and California? Read Post »
ECB Makes Crucial Policy Change on Bank Bailouts
The Wall Street Journal is reporting that the ECB has changed its position on the need to protect all senior
ECB Makes Crucial Policy Change on Bank Bailouts Read Post »
Should Taxpayers Bail Out Spain’s Bank Bondholders?
With the release of a draft Memorandum of Understanding for Spain, it appears that the EU may be preparing to
Should Taxpayers Bail Out Spain’s Bank Bondholders? Read Post »
Euro Crisis: Holidays First, Solutions Later
Last night’s Euro group meeting failed to resolve any of the uncertainty about the ultimate liability for ESM bank recaps
Euro Crisis: Holidays First, Solutions Later Read Post »
Euro Crisis: Two Steps Forward, Three Steps Back
After some reasons to be optimistic that Europe’s leaders were ready to finally grasp the bank debt\sovereign debt nettle, the
Euro Crisis: Two Steps Forward, Three Steps Back Read Post »
Memo to Draghi: Dead Central Banks Don’t Have Credibility
Mario Draghi today effectively ruled out the idea of ESM getting a banking license. I think this was a very
Memo to Draghi: Dead Central Banks Don’t Have Credibility Read Post »
Eurosummit: Much Ado About Something?
I’ve agreed to write some posts on European issues for Forbes.com. They have a far higher readership than I get
Eurosummit: Much Ado About Something? Read Post »