Some thoughts on what may happen after Greece’s referendum tomorrow.
Some comments on today’s ECB Governing Council decision to cap ELA for Greek banks.
A discussion of the mechanism that is potentially driving Greece out of the Eurozone and its implications for the future of the euro.
Prior to Monday’s umpteenth “summit to beat all summits”, some context on how we arrived at the current situation in Greece.
There seems to be a new brand of op-ed at the FT. Formerly respected academics write crazy things about the euro crisis, particularly Greece. Some thoughts on a particularly nutty piece on Greece by Francesco Giavazzi.
My assessment of the future for the UK economy: Slow growth, more austerity and constitutional uncertainty. Despite the belief that they are better at handling the economy, the Tories will contribute significantly to two of these three elements.
I probably shouldn’t have been but I was fairly shocked by the level of discussion of the immigration issue in last week’s UK leaders debate. Some concrete facts and context here.
Some think the UK economy is doing well but many feel it is doing badly. Some thoughts from a growth accounting perspective.
Lots of people think the euro area’s central banks will be handing back all the interest payments they receive on their QE bonds, providing a nice boost to the taxpayer. They won’t. Grim details here.