Varoufakis’ Keynote on the Future of Greece Last Night in Berlin
Varoufakis was part of a panel discussion on the future of Greece within the EU last night, organised by the IMK.
Read more...Category Archives: Macroeconomic policy
Syriza Commits to Deep Austerity in Its Proposal to Creditors
Greece has already offered to continue with a program of significant austerity. No wonder the creditors are close to agreeing to that part of the government’s proposal.
Read more...Greece’s Creditors Meet to Prepare Offer (Updated – Creditors Agree on Uncompromising Terms)
Greece’s creditors met to agree on a last-ditch offer. But it turns out “last ditch” reaffirmed their current position and removed IMF’s debt relief proposal.
Read more...Greece’s Shortening Negotiating Runway and Possibly Erroneous Assumptions
Le Monde published a defiant op ed by Alex Tsipras over the weekend. The wee problem is that Greece is well past the point where political appeals will work.
Read more...Why a Greek Default is Likely to Strengthen the Hand of Austerians
Many fear that a Greek default would lead voters elsewhere in Europe to favour default over austerity. In contrast, this column argues that it is more likely to have the opposite effect
Read more...A Unifying Approach to Preventing Asset Price Bubbles
An integrated regulatory approach with a common leverage ratio for debt-based financing across the financial system would prevent bubbles
Read more...Wolf Richter: When Betting on QE Suddenly Goes Wrong
Central banks think they’re omnipotent – until they aren’t.
Read more...Greece: An Endgame Finally in Sight?
The noose continues to tighten on Greece.
Read more...A Parallel Currency for Greece: Part II
Yves here. I’m quite interested in reader reactions to this scheme. My big reservation is that the amount of the scrip devised by the authors, the TCC, has to be limited to the an amount of discount of future tax payments that is deemed to be credible. Given that Bill Mitchell has estimated that Greece […]
Read more...Are The IMF and the EU at Loggerheads Over Greece?
An overview of the history of the economic dispute between the IMF and the Eurozone creditors over Greece, and what that means for the ongoing negotiations.
Read more...Bill Black: Krugman is Half Right
Paul Krugman’s latest column fingers some valid targets but lets way too many other equally deserving ones off.
Read more...Greece’s Hot Summer
Figures confirm the pattern already observed last month, with a marked improvement in the primary balance achieved mostly via expenditure cuts and a more limited improvement in revenues.
Read more...Wolf Richter: Afraid of Losing Trillions, Wall Street Fights Fed Rate Hikes
Wall Street working up to another tantrum to head off a rate hike from the Fed. Will it work again?
Read more...Ilargi: Will Austerity Be the Straw that Breaks the EU AND the UK?
Cameron thinks he’s riding a major victory, and he will now be called upon to deliver on his election promises, which just so happen to include a deepening and acceleration of austerity measures.
Read more...UK Elections Today: Unpredictable, But Depressingly Little Room Between the Parties on Austerity
By David Dayen, a lapsed blogger. Follow him on Twitter @ddayen While in this country somebody’s probably writing up an early analysis of the 2024 elections, for UK elections they do quick-strike campaigns only lasting a handful of weeks. And today voters cast their ballots in an election most observers agree will really get interesting […]
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