I normally don't post at the weekend these days but I came across two links that I wanted to comment on today.
The first is from an article in German daily Die Welt about the situation in Greece. While the article's tone takes a fairly dim view of Greece's printing money, it states that Greece could in an emergency situation do just that without Germany or any other euro zone state being able to stop them. Here are the key bits I have translated:
This instrument [the ELA] gives a nati...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.