Category Archives: Greek Financial Crisis

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

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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

Spain’s underlying retail sales are now worse than those of Greece meaning she has entered a depression now

Back on the 27th of January I wrote an article which said that I was afraid that the Iberian peninsular (Portugal and Spain) would bypass recession and go straight to a depression. It created a fair bit of interest as … Read More

Posted in Banking Reform, Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures, Recession, Yield | 25 Comments

Greece needs to leave the Euro and default this bank holiday weekend

As the crisis in the Euro area continues to spread and develop it is easy to forget the economic destruction that has been inflicted in Greece where the first signs of the current problems emerged. That is of course unless … Read More

Posted in Banking Reform, Banks, Euro zone Crisis, General Economics, Greek Financial Crisis, Yield | 40 Comments

European leaders waffle about economic growth just as even Germany sees it grind to a halt!

Late last night or more accurately early this morning European Council President Van Rompuy gave a Press Conference to announce the progress at the latest European Union summit. After Mr. Van Rompuy had given us some Euro waffle which seemed … Read More

Posted in Banking Reform, Euro zone Crisis, General Economics, Greek Financial Crisis, Interest rates, Quantitative Easing and Extraordinary Monetary Measures | 35 Comments

Why a parallel currency or “Greuro” would be a bad idea for Greece

This week opens after yet another example of summit inflation which also seems to be combined with a serious lack of productivity. These summits appear and disappear like showers on a hot summers day. Can anybody think of anything out … Read More

Posted in Banking Reform, Banks, Euro zone Crisis, General Economics, Greek Financial Crisis | 23 Comments

Greek bank depositors, not voters, key to EMU future

Press reports of faster deposit outflows from Greek banks accord with developments on the ECB’s balance sheet last week. “Other claims on euro area credit institutions denominated in euro” – a category that includes the Greek and Irish emergency liquidity … Read More

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