Deutsche Bank Research

German economy on standby

German economy on standby

The German economy seems to be on standby, waiting for uncertainty to dissipate further and drag from foreign demand to decrease.

 John Browne

Spanish Flu May Send EU to Bed

Spanish Flu May Send EU to Bed

The implications of the present situation in Spain could be more far reaching than is currently anticipated and the contagion it represents could lead to a fundamental change in the world’s monetary order.

 Michael Hudson

Debt: The Politics and Economics of Restructuring

Debt: The Politics and Economics of Restructuring

Michael Hudson’s presentation for the session “The Challenge of Deleveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin.

 Yanis Varoufakis

[VIDEO] The Future of Europe

[VIDEO] The Future of Europe

Talk at the panel entitled «The Future of Europe» at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin.

 Michael Hudson

Debts that can’t be paid, won’t be

Debts that can’t be paid, won’t be

A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid.

 Deutsche Bank Research

EMU divergence

EMU divergence

Yes, the economic paths for the peripherals are severely uphill, but reforms being implemented should allow for modest growth starting in H2.

 Luis Martín

«We are all making promises that we cannot keep, to our creditors and to our citizens» – Robert Lucas Jr

«We are all making promises that we cannot keep, to our creditors and to our citizens» – Robert Lucas Jr

Interview with Nobel Laureate Robert E. Lucas, Jr.

 Deutsche Bank Research

ECB – Playing Mr. Cool

ECB – Playing Mr. Cool

Mr. Draghi displayed great finesse in pooh-poohing the apparent rift with the Bundesbank regarding the volume of the LTROs.

 Deutsche Bank Research

The ability to achieve political reforms in the eurozone

The ability to achieve political reforms in the eurozone

The high levels of debt and the lack of competitiveness in some southern European states are partly due to inefficient structures of government operation and public administration. Structural improvements in these areas are essential for political reforms and economic stability. Temporary “technocratic” governments in some countries could represent an intermediate stage. The principle which should apply is that it is not necessarily less state intervention that helps to solve problems but more efficient administrative structures. Europe can only remain united in diversity in the long term if the ability to achieve political reforms is guaranteed.

 Yanis Varoufakis

[VIDEO] The Ant & The Grasshopper (by Yanis Varoufakis)

[VIDEO] The Ant & The Grasshopper (by Yanis Varoufakis)

Yanis Varoufakis provides an intimate look at the Greek crisis while deconstructing some of its myths.

 Peter Tchir

A Greek default doesn’t need to be chaotic

A Greek default doesn’t need to be chaotic

Greek citizens will still have to adapt and accept many unpopular changes, but after “screwing” the foreign bankers, they might be that much less reluctant, especially with any signs of growth appearing in the economy.

 Deutsche Bank Research

European sovereign debt crisis triggers technical recession in Germany

European sovereign debt crisis triggers technical recession in Germany

Germany is likely to slide into a (technical) recession in the first half of the year.