The poisoned chalice
Interview with James Kenneth Galbraith
Spain: Fiesta or Siesta?
Aa time when Spain is back in the limelight on account of its ever-sprouting corruption scandals, the government is trying to switch public attention to the prospect of impending economic recovery.
«Cyprus may be forced out of the euro and this would be dangerous» -Michalis Attalides
Interview with Michalis Attalides.
Cypriot Chaos Assists EU Centralization
What better way to unite the EU than a potentially catastrophic collapse of the euro?
The bail-in at Cypriot banks: European implications
This episode illustrates that investors have come to expect some sort of bail-in with future deals.
Cyprus Forced Into Bailout Deal
For the first time in this crisis, the bailout does not cover depositors in full. Losses are to be suffered by not only shareholders and bondholders, but even by depositors. We expect future bailouts to incorporate this feature.
Financial Transaction Tax: Counterproductive
At a time when the cost and availability of capital in the EU is sometimes problematic, the FTT would raise it for households, firms and even states.
Cyprus Targets Its Savers in Bailout Agreement
They have hit their savers with a grievous blow, and this will do irreparable harm to trust and confidence.
Lest we forget: The neglected roots of Europe’s slide to authoritarianism
A multitude of evils can hide behind the ideological veil of top-down European integration.
Reformist drive in periphery on the rise
Experience shows that it is sometimes a long way from the passage of reform legislation to the actual impact on the economy and its institutions.
Are Ireland and Portugal out of the woods?
Is there any justification in saying that these two countries are closer today to exiting their ward-of-the-troika status than they were last July, before Mr Draghi’s pronouncement that he will do all it takes to save the Eurozone?
German Gold Claw Back Causes Concern
The repatriation of even a part of Germany’s central bank gold holdings should be regarded with concern.