Many of my students will know that I’m a big fan of the World Bank’s Doing Business program. The recent attempts by various interest groups to get the project shut down or limited are unfortunate. Some thoughts here.
Olli Rehn thinks the IMF were being mean to the euro area’s leaders in last week’s report on the Greek programme. I don’t think so. Here‘s a post that lists many of the punches the IMF pulled.
The IMF’s apologia, er, review on its Greek programme makes for very interesting reading. Some quick comments here.
A report on my bizarre Twitter mauling at the hands of none other than Nassim Nicholas Taleb.
My reaction to the final agreement on Cyprus including a link to an op-ed I wrote for the Irish Times.
From the New York Times’s special “Missing the Point” unit comes “For Euro Zone, a Cyprus Exit Would Have Little Impact”. My response (in the form of an Onion-style story).
My latest thoughts: Is Draghi really going to save the euro after this week’s events.
I’ve updated my TARGET2 paper. Here is a post with a link to the new paper and a discussion relating to a potential exit of Cyprus from the euro.
Despite the absence of any panic today at European banks or in financial markets, I believe this weekend’s decision on Cyprus may cause serious trouble in the coming weeks and months. Comments here.