Debt Restructuring or Default
If you can’t pay from own resources, this is what it comes down to, eventually. It’s definitely not a question of it, but of when. An article in Handelsblatt today […]
Monthly Archives: July 2015
Design Flaws of the Euro, Part 1: The ECB
In many posts I refer much too briefly to the ‘misconstructed’ currency union. I think I need to dedicate a series now to explain in more detail what I mean […]
The Media Turn Against Schaeuble, but Too Late
This is significant. The hashtag #Thisisacoup is trending massively on Twitter, leading Hugo Dixon, a keen observer of the Greek crisis, to suggest that the Eurozone in general is losing the […]
The Real Reason Varoufakis had to Go
Varoufakis was too clever to understand politics. It is three years ago that I had an exchange with him on his blog about needing credible threats if one wanted to play […]
How Will Merkel Square Her Circle?
Here is a quote from Ryszard Legutko, MEP from the conservative group ECR: So if this piece de theatre continues I think we will be more and more confused about […]
Time to get Angry with Tsipras
I am in utter disbelief: There was an emergency Eurogroup finance ministers meeting, and there will be a Eurogroup leaders meeting in an hour, and Greece turned up without a […]
A simple message to Europe: From Greece, With Love
Here is what Tsipras should say to Europe. No fancy victory lap rhetoric, just the facts: Greek voters have made their view clear. There is not even a single electoral […]
The IMF Says Vote No
The IMF has left the realms of delusion over Greek debt sustainability. It now has admitted that it failed to realise the damage austerity would do. In other words the deal which […]
The Sustainability Report 
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