Tuesday, May 12, 2015

The Miracle of the Fish and Loaves: Greece Meets May 12 IMF Payment!

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The Miracle of May 12: Greece manages to make €757 million IMF payment (fish: right) while continuing to pay domestic salaries and pensions...
Thursday, May 7, 2015

The Welfare State Perpetuum Mobile: Is Greece Reinventing the Clientelist Wheel (aka the Circular Flow)?

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    Left: Perpetuum Mobile of Villard de Honnecourt (about 1230). Right: Boyle’s self-flowing flask (18th century). Source: Wikimedia Com...
Wednesday, May 6, 2015

From Game of Turkey to Rock-Paper-Scissors: Musical Turkey for Greece?

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With the Greek debt negotiations moving into their final genuinely unavoidably ultimate showdown this week, the game has incremented to a ne...
Wednesday, April 29, 2015

Sketches in European Solidarity II: Gregorios Sachinidis

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     Thessaloniki taxi driver Gregorios Sachinidis sitting for the last time behind the wheel of his record-breaking Mercedes-Benz 240D (4....
Monday, April 27, 2015

Sketches in European Solidarity I

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        What goes around comes around in Western culture. From the darkest depths of their collective subconscious, Europeans in their m...
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Monday, April 20, 2015

The Writing on the Wall: Grexit, Graccident, Grone. Is that Greek to You?

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The writing on the wall may now be in Greek (“ Grexit, Graccident, Grone ”), but its meaning may not have changed much from Daniel 5:25–28:...
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Thursday, April 16, 2015

The Krugman Twin Paradox (with Apologies to Albert Einstein!)

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I posted my PINE-UCM slides yesterday around noon (Central European Summer Time) based on a talk I gave the evening before to undergraduate...