Posts - Karl Whelan

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 […]

There has been a marked increase in the number of European politicians talking about a Greek exit from the euro.

Jean-Claude Juncker, Luxembourg prime minster and head of the Eurogroup of finance ministers has said that he believes that a Greek exit

After Mario Draghi’s hints that the ECB is getting ready to purchase large quantities of Spanish and Italian bonds, expect to read

Some useful links and readings from this week.

My thoughts on today’s ECB Governing Council announcements are here.

Here‘s a link to my speaking notes for a talk that I gave tonight at the McGill Summer School. The

Everyone knows central banks are powerful. When I used to visit Alan Greenspan’s office back when I worked for the

The byzantine complexities of the IBRC’s promissory note-emergency liquidity assistance arrangements are such that it is inevitable that even the

In this piece, Daniel Gros argues that Ireland and Spain should just be seen as Europe’s Nevada and California. I