European breakup

In last week's weekly newsletter, I explained why Spain was in big trouble. Today I want to present the full context euro zone-wide and why there will be more sovereign defaults to come in the euro zone. This will be a very comprehensive…

Whatever one thinks about Lord Wolfson’s euro-skeptical meddling, it certainly has been entertaining. The British baron’s offer of a £250,000 prize for the best ideas to deal with a possible breakup of the eurozone has brought all sorts of…

I like Jonathan Tepper's commentary about currency unions over the past century. His analysis says that the breakups have been feasible. The real problem in Europe's case is overindebtedness meaning that the potential exiting euro zone…

At around 9:00am London time this morning Lord Wolfson held a press conference to announce the five finalists in his economics prize contest. Naturally Lord Wolfson is not looking for just any solutions, as the initial question makes clear,…

This is a gold level post. So we've got a deal on the Greek restructuring. Everyone is talking about it. Here are the things to pay attention to.

This will be a bronze level post. Everyone is talking about the Dutch Freedom Party these days. Geert Wilders, the head of the Freedom Party, is a bit like Marine Le Pen in terms of his appeal: anti-immigrant, nationalist and right wing. He…

In this piece Variant Perception looks at the mechanics of a currency breakup and how it would happen. This piece is longer than most of their pieces and is a slightly more wonkish piece than usual, but the first two pages provide a summary…

On Tuesday night, I spoke to Amanda Lang and Kevin O'Leary about Greece. The question was whether they were going to default and leave the euro zone. My response is that the euro zone is not ready politically for a default and so I think…

This post discusses how politics and economics will interact in the Greek debt crisis and lead to default and euro zone exit.

This post is a continuation of the ideas for a Greek exit for the euro zone that I published on Friday incorporating specifics that Marshall Auerback has laid out in a separate post and demonstrating why exit is the likely option.