The IMF has dropped a big shoe before the Greek government has passed any of the legislation required as part of its pending bailout. But if this development leads to more wrangling, that means an even longer delay before Greek banks get any liquidity, which means continued strangulation of the Greek economy.
Read more...The tentative deal deal with Greece and its creditors is simply vicious.
Read more...How Greece, and in particular, Yanis Varoufakis, grossly misunderstood German interests and how that led Greece to destroy itself and further German rule.
Read more...Solving the mystery of how a hotel guest’s bill in Greece came to be (briefly) denominated in drachmas.
Read more...Will China’s renminbi transition smoothly to reserve currency status, or not? And should it?
Read more...Reporting on the Libor criminal trial in the UK ranges from lame to non-existent.
Read more...Microsoft illustrates the real-world fallout of letting corporate executives, either out of desperation or out of finding deal making more fun than the grind of making businesses perform better, follow the siren song of M&A mavens.
Read more...New evidence shows that when the financial sector grows more quickly, productivity tends to grow disproportionately slower in industries with either lower asset tangibility or in industries with higher research and development intensity. It turns out that financial booms are not, in general, growth-enhancing.
Read more...Greek journalist Michael Nevradakis and US investigative journalist Greg Palast have a different take on the Greek ‘No’ vote against Europe’s cruel austerity demands.
Read more...If the ECB does not give Greek banks more funds under the ELA today, the Greek economy is going to start to suffer lasting damage.
Read more...Why the Greek government and Greek citizens recognize that a Grexit is a terrible idea for them.
Read more...A detailed explainer on how card systems work and what the impact of a drachma re-introduction would be for them.
Read more...Describes the many ways that the Trade in Services Agreement would make it virtually impossible to implement and strengthen financial regulations.
Read more...It’s hard to find an official who is comporting himself very well in the wake of the Tsipras surprise announcement of a referendum on July 5 for a then-defunct bailout offer.
Read more...The ECB has decided to lower the boom on Greece.
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