Category Archives: Greek Financial Crisis

The central bank mania fed by Mario Draghi’s speech collides with economic reality

Last Thursday the head of the European Central Bank Mario Draghi raised the stakes in the Euro crisis by making this statement. Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures, Uncategorized | 37 Comments

Greece’s leaders fulfill Albert Einstein’s definition of insanity

The last few days have seen a change of mood in the analysis of Greece’s position in the Euro. Over the weekend the German newspaper Der Spiegel published an article suggesting that the International Monetary Fund is considering cutting Greece … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, IMF | 10 Comments

Greece makes surprising fiscal progress but is lower spending sustainable?

First-half Greek budget data are consistent with achievement of the target of reducing the state primary deficit to 0.5% of GDP in 2012. Recent improvement, however, reflects a large cut in expenditure that may yet prove unsustainable. The primary deficit … Read More

Posted in Greek Financial Crisis | Leave a comment

Of Euro summitry, a surge in the oil price and the prospect of more Quantitative Easing in the UK

I thought that I would set the scene for this week as I will be away in (hopefully) sunny Italy and will not be providing my usual daily updates. Apart from enjoying a break it will be interesting to see … Read More

Posted in Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 8 Comments

The Europhoria after last nights Euro summit looks overdone to me

Overnight we have seen yet another claimed deal to save the Euro made just in time for Italian Prime Minister Mario Monti’s “We have a week to save the Euro” deadline. Expectations were not high before the summit at least … Read More

Posted in Banking Reform, Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | 23 Comments

Spain is repeating Greece’s economic experience with all that is implied by that

One of the reasons for reviewing yesterday the economic chaos that has been inflicted on Greece is to make it clear that the policies that were imposed on her have failed. Unfortunately those in charge in the Euro zone have … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, The US Economy, Yield | 34 Comments

Greece is in economic chaos right now and it is getting worse

Over the weekend the financial world was waiting for news about Greece. She did get one nice surprise which was when her footballers defeated the highly rated Russian team to advance into the quarter finals of the Euro 2012 football … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 26 Comments

Eurozone crisis: Greconomics

By Kevin Murphy. Somebody will have to pick up the bill for Greece even if it is not its citizens. Policymakers often stand accused of indecision, timidity and a lack of imagination so The Value Perspective is happy to salute … Read More

Posted in Euro zone Crisis, Greek Financial Crisis | Leave a comment

Should Greece follow Iceland or the Baltics?

Proponents of the view that Greek economic prospects would be better if the country abandoned the euro in favour of a devalued new drachma often cite the recent relative performance of Iceland and the Baltic states. Iceland depreciated the krona … Read More

Posted in Euro zone Crisis, Greek Financial Crisis | Leave a comment

China should take a lesson from Italian production and UK input prices and cut interest rates much more

Yesterday at midday when many eyes had turned to the Bank of England for its policy announcement the People’s Bank of China made an announcement of its own. This was that Chinese one-year interest-rates had been cut by 0.25% which means that … Read More

Posted in Banks, China, Euro zone Crisis, General Economics, Greek Financial Crisis, Inflation, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 11 Comments
Page 5 of 2612345678910...20...Last »