Those watching the ongoing Euro-mess might be surprised at a policy recommendation that the Fed should behave more like the ECB. That’s what Republican Senator Bob Corker does in today’s FT. My comments here.
Outside my usual set of topics but apart from enthusiastic goldbug types, I hadn’t seen anyone else discuss the Republican proposal to link the dollar to the value of gold. Comments here.
Proof perhaps that sometimes even a humble blog post can have some impact, it appears that we have had some movement on the question of the ECB’s secret letter to Ireland. Some further comments here.
The debate about “Grexit” continues to confuse the question of the sustainability of Greece’s debts with the question of whether Greece should stay in the euro. Some comments here.
The events surrounding the ECB’s communications with the Irish government prior to its bailout agreement in November 2010 remain unsatisfactorily murky. New post here.
There has been a marked increase in the number of European politicians talking about a Greek exit from the euro. I think much of this commentary is based on resentment and a mis-understanding of the facts. Thoughts here.
The inimitable Mr. Juncker says German politicians should shut up talking about a Greek exit but then says such an exit would be manageable. My thoughts here.
Lots of commentary on the ECB focuses on the question of its solvency. I think this focus is misplaced. Article here.
Some useful links and readings from this week.
My thoughts on today’s ECB Governing Council announcements are here.