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 […]
Euro Crisis
Euro Crisis
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
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
Central Banks, Euro Crisis
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
Euro Crisis, Banking
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
Banking, Euro Crisis
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