Greece

Highlights The US dollar is broadly mixed today.  Details of the funding facility for Greece have spurred strong gains in the euro, lifting European currencies in general.  However, the greenback is holding its own against the…

Well, it seems the EU leadership have finally been able to take a decision on what to lend and what to charge (see original post here). According to initial press reports the German government has decided in principal to participate in…

Angela Merkel is a Chemist. In her doctoral thesis - entitled "Untersuchung des Mechanismus von Zerfallsreaktionen mit einfachem Bindungsbruch und Berechnung ihrer Geschwindigkeitskonstanten auf der Grundlage quantenchemischer und…

Intel demos software that reads your mind | Cutting Edge – CNET News FT.com – Merryn Somerset Webb: Debt debacle is not going to go away Polish President, Bank Chief in Plane Crash, Reports – Bloomberg.com East Germany's…

I would love to have gone to the Institute of New Economic Thinking (INET) conference in Cambridge, but the timing was wrong for me.  The effort, sponsored by George Soros, is a much needed collaboration of ideas to help prevent a…

In honour of Greece, I present you a little Greece Lightning. Let's hope this is what European policy makers are using this weekend. Why this country could be automatic It could be systematic, hydromatic, ultramatic Why it could be…

Fitch, the ratings agency, has decided enough is enough and has downgraded Greece to BBB-.  This is still investment grade despite obvious signs that Greece is no longer an investment grade risk.  Not only are the Greeks now…

Media reports suggest that a recent article in German daily Frankfurter Rundschau are what have triggered the latest selloffs in Greek sovereign debt (See the Telegraph's account here; hat tip Swedish Lex). This article leaked portions of a…

Highlights The US dollar is again being broadly supported by heightened concern that Greece’s debt/deficit issues are soon to reach a climax.  The pressure on Greece is clearly spilling over to the other Mediterranean…

Peter Boone and Simon Johnson have just written a post "Greece And The Fatal Flaw In An IMF Rescue," at Baseline Scenario which outlines three scenarios for the Greek economy going forward. True Fiscal Austerity... We…