Greece’s Shortening Negotiating Runway and Possibly Erroneous Assumptions
Le Monde published a defiant op ed by Alex Tsipras over the weekend. The wee problem is that Greece is well past the point where political appeals will work.
Read more...Category Archives: Europe
Why a Greek Default is Likely to Strengthen the Hand of Austerians
Many fear that a Greek default would lead voters elsewhere in Europe to favour default over austerity. In contrast, this column argues that it is more likely to have the opposite effect
Read more...Wolf Richter: When Betting on QE Suddenly Goes Wrong
Central banks think they’re omnipotent – until they aren’t.
Read more...Greece: An Endgame Finally in Sight?
The noose continues to tighten on Greece.
Read more...Michael Hudson: Ukraine’s “Operation Vulture” and Labor Protests
Hudson’s so-called “Operation Vulture,” the strip-mining of what little is left of a functioning economy in Ukraine, comes straight out of the neoliberal playbook.
Read more...Corruptionomics in Italy
As reader Li, an international road warrior, says, “America is getting to be just like Italy, except without the attractive men.”
Read more...A Parallel Currency for Greece: Part II
Yves here. I’m quite interested in reader reactions to this scheme. My big reservation is that the amount of the scrip devised by the authors, the TCC, has to be limited to the an amount of discount of future tax payments that is deemed to be credible. Given that Bill Mitchell has estimated that Greece […]
Read more...A Parallel Currency for Greece: Part I
A review of the pros and cons of various parallel currency options for Greece.
Read more...Ilargi: Mario Draghi’s Slippery Downward Slope
Mario Draghi is more and more visibly meddling in politics, yet another reminder that central bank “independence” is a fig leaf.
Read more...The Not-Brexit Negotiations as UK Referendum Looms
While virtually no one expects a Brexit, history suggests would be naive to expect the upcoming negotiations between the UK and EU to be a cakewalk.
Read more...Are The IMF and the EU at Loggerheads Over Greece?
An overview of the history of the economic dispute between the IMF and the Eurozone creditors over Greece, and what that means for the ongoing negotiations.
Read more...John Helmer: How Angela Merkel Has Been Abandoned By John Kerry, Victoria Nuland, And Vladimir Putin
How Merkel was sidelined in negotiations over Ukraine.
Read more...European Commission Tables Proposal on Greece to Break Logjam [Updated: EC Issues Denial]
More fog of reporting….did the European Commission lodge a proposal to break the Greek negotiating logjam? If so, it’s backpedaling at high speed.
Read more...Greece Cornered as IMF and ECB Refuse to Relent
A flurry of stories this weekend confirms that Greece and its creditors remain hopelessly at odds. The inertial path is to a Greek default
Read more...Greece’s Hot Summer
Figures confirm the pattern already observed last month, with a marked improvement in the primary balance achieved mostly via expenditure cuts and a more limited improvement in revenues.
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