internal devaluation – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Tariffs, vendor financing and beggar thy neighbor trade policy

Running through Greek eurozone exit scenarios again

Daily Comments: 2013-06-06 – European economy

Leaked Greek bailout document: Expansionary fiscal consolidation has failed

Chart of the Day: Eurozone wage growth, pre-crisis

Roubini: “Greece should default and abandon the euro”

German economist: ‘There is no alternative but Greece’s euro zone expulsion’

Massive Iceberg Ahead for the European Monetary Union

Can Greece Survive?

Replacing Economic Democracy with Financial Oligarchy