Category: Eurozone Debt Crisis

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Brexit

I meant to have thoughts about Brexit this morning. And then I started reading things, and realised that trying to think all those thoughts in a single morning was definitely optimistic. In the interim, here is a summary of the arguments from the Economist: My summary for the “Let’s Stay” Crowd: Everything will be more expensive if […]

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Blackmailing Greece

I wasn’t quite ready to write this post – but given the deadlocks and failed meetings and Monday deadlines (aren’t we all just so tired of all these deadlines?) – I thought that I’d better get in there one more time, in case Monday is a complete blowout. First off, Greece is still going. I was […]

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ECONOMIES ARE NOT HOUSEHOLDS. The bad paradigms must stop.

As Greece approaches what might well be her final hour (in a long string of last-minutes and ultimatums and bluffs), I wanted to write something more about it. And add to the already long-winded catalogue: Germany: History has more lessons that just inflation (because the Germans have lost their minds). Grexit: The Costs and Impossibilities (because […]

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What Yanis Varoufakis’ Dad Said

I’ve spent the last hour or so whirling around the bookmarks on my internet browser, doing a catch-up of the opinion and news pieces that I missed over the long weekend. And this was my favourite: Varoufakis Gets Defended By Dad – Other Finance Ministers Are Just Being Jealous There has apparently been some progress in […]

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Grexit: The Costs and Impossibilities

Lots of costs. Some impossibilities - but only really in theory.

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Syriza, Are You Actively Trying To Get Greece Kicked Out?

Sometimes, it's cooler to be thrown out... Includes a graph, a video clip, and a picture of Varoufakis playing chess.

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Syriza, turning Left, and is there any evidence for it?

Growing up as a baby economist, you learn very quickly that the world is split into two types: The economists that turn right; and The crazies that went away after the Soviet Union fell. Although there are still some left in China. And obviously, the Obama government. Then you enter adolescence, and you either become […]

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Germany: History has more lessons than just inflation #GreekElections

Dear Germany I know that you’re a bit concerned about Alexis Tsipras and his election win in Greece. There’s lots of rhetoric floating around about all the debt that Greece won’t be paying under his stewardship, and that doesn’t sit well with (mostly) yourselves. The other members of the Eurozone as well – but especially […]

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Mario Draghi gives the Eurozone QE. And look at Denmark, dancing.

In case you missed the full announcement, here’s the link: Mr Draghi gets caught in a broken lift, arrives late, and  announces Quantitative Easing for the Eurozone. Here is the key paragraph: [The Governing Council of the ECB] decided to launch an expanded asset purchase programme, encompassing the existing purchase programmes for asset-backed securities and covered […]

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Eurozone Quantitative Easing: The Man on the Street (?) Summary

Today, the world is expecting Mario Draghi to announce a formal round of Quantitative Easing in the Eurozone. And I say “formal” because actually, it’s already been sort of happening through the ECB’s purchases of “peripheral bonds”*. *That is: buying the government debt of the peripheral Eurozone countries, like Cyprus, Greece, Italy, Portugal, etc. These bond […]

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