The overview: “They argue that rather than spending time revising rules that have already been agreed, alternatives should be considered to make the guarantee schemes as effective as possible.” Translation: “Time to go back to the drawing board.”
Read more...Some more reasons why Deutsche Bank looks like one to avoid
Read more...Michael Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia, and how jockeying among the big power players is becoming more visible and higher stakes.
Read more...Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.
Read more...Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...Strauss-Kahn demonstrates that even tarnished brand names can still be monetized.
Read more...A new story at the New York Times on the global debt overhang is an economically warped account that omits important policy options.
Read more...Focusing on German wage “moderation,” as in restriction, leads to a neat, plausible, and wrong tale of what caused the Eurozone crisis.
Read more...Why Grexit is likely to be back on the table by summer.
Read more...Data in Sweden shows that even with generous support for refugees, the costs are not high.
Read more...Italian banks’ extend and pretend game may be coming to an end.
Read more...The reign of neocons, as symbolized by State Department Victoria Nuland’s “Fuck the EU” remark, may be past its sell-by date.
Read more...Even though the former chief economist of the BIS calls for a debt jubilee, it’s only part of the medicine needed to get the economy out of the ditch.
Read more...Explaining the reasons for Europe’s gridlock on its migration crisis.
Read more...Yves here. This post is more important than it seems for several reasons. First, it reveals one of the dirty secrets of modeling: if you tweak assumptions within plausible ranges, you can come up with wildly different outcomes. Second, it identifies what some of these assumptions are in the now-hot-topic of whether letting more migrants […]
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