Thursday, August 13, 2015

“The Greek government is to surrender powers over vast areas of economic and social policymaking to its eurozone creditors”

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The Guardian last night leaks details of the third Greek bailout agreement: The Greek government is to surrender powers over vast areas ...
Tuesday, July 28, 2015

What’s sauce for the goose… Plan Z vs. Plan B (Sketches in European Solidarity V)

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There’s a ruckus about the latest disclosure of a contingency Plan B during the Greek debt showdown by the Greek Finance Ministry under its...
Sunday, July 19, 2015

‘O Freunde, nicht diese Töne’ or ‘Die Schonzeit ist vorbei’: World public opinion at a dangerous crossroads

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The official European Union Anthem is the final choral movement of Beethoven’s Ninth Symphony, based on Schiller’s poem ‘An die Freude’ (‘Od...
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Wednesday, July 15, 2015

O tempora o mores! Whether as creditors or debtors, German economists always seem to be angry!

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The professor of financial accountability Jacob Soll is just back from a conference in Munich on Greek sovereign debt, and he shares his t...

Bank of Greece after Direct Hit by the Guns of Navarone

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Would the last person to leave please turn out the lights? (Photo: Reuters/FT)
Tuesday, July 14, 2015

A Specter is Haunting Europe: The Spectral Theory of Money, and Why Puerto Rico is not Greece

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Barry Eichengreen has a stimulating recent essay at Spiegel Online ( English version ) on the differences and similarities between the debt ...
Monday, July 13, 2015

Donald Tusk shines in Buñuel film reenactment, says Financial Times!

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“Sorry, but there is no way you are leaving this room,” the former Polish prime minister said. Council of Europe President Donald Tusk spe...