Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Political Economy
Shock And Awe – European Version
I am rushing so I will only point to the relevant pieces from Bloomberg. Perhaps the most significant thing for me will that the ECB will now be buyers of real assets (albeit that these bids will be sterilised). No. 1 from Bloomberg ...…
The Soft Depression in Germany and the Rise of Euro Populism
This is the third in a series of posts on the origins of the Euro crisis. "The roots of the European sovereign debt crisis go back thirty years" and "How Belgian debt, Italian anarchy and Greek profligacy lead to economic…
The ECB Sticks To Its Playbook …
It thus appears that those hoping that that the market turmoil would be confined to Europe were proven wrong today as global stocks entered a veritable rout most likely triggered by the lack of any sort of meaningful action by part of the…
Hugh Hendry talking Greek and euro banker bailout on CrossTalk
Last week I was on RTTV's CrossTalk talking about the Goldman Sachs Senate hearings with two other guests. This week, on the latest edition of CrossTalk, Peter Lavelle asks his guests who is being bailed out: Greece or the bankers. The…
How Belgian debt, Italian anarchy and Greek profligacy led to economic chaos in Europe
I am going to describe the beginnings of the Euro from a German point of view. I apologize if this post seems unduly harsh. It is meant to give you a more caricaturised view of the breakdown in the euro-zone which dominates the German…
Slovakia first euro-zone nation to reject Greek aid package
The Slovaks have apparently balked at the Greek aid package hammered out in crisis this past weekend. While they have not formally rejected the package, the Slovak Prime Minister has said he cannot grant Greece a loan before it…
Markets Give Thumbs Down on Greece Aid
While Angela Merkel is off trying to sell the Greek aid package to German voters in the run-up to a crucial regional election in Germany, the markets have already voted on the 110 billion Euro EU/IMF deal: thumbs down. Win Thin of Brown…
Greece: Something will give, austerity or growth or both
The results are in from the poll on Greek sovereign bond default. To the question of "Will Greece default?" a plurality said "Yes, but they will stay in the euro-zone after a managed restructuring." Another 26% answered…
Down with ‘Too Big to Fail’: Angry Americans march on Wall Street
Check out nine-year old Sam talking about Wall Street pulling a reverse Robin Hood. That's either one smart or one well-rehearsed young man.