All You Wanted to Know About TARGET2 But Were Afraid to Ask
I’ve written a new paper on TARGET2. This post introduces and links to the paper.
Central Banks, Euro Crisis
Euro Crisis
Euro Crisis
It’s Official: The Eurozone is in Recession
CEPR’s Business Cycle Dating Committee has declared the euro area economy as being in recession since 2011:Q3. Links and discussion
Central Banks, 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
Euro Crisis
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
Euro Crisis, Irish Economy
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.
Euro Crisis
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
Euro Crisis
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
Euro Crisis
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
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.