retirement systems / tax systems / banking system / insurance sector
Before the next crunch-time comes for Grexit negotiations on Monday, let’s study why austerity hasn’t worked in Greece, and why Ireland, by contrast, didn’t seem to have suffered adverse consequences. The openness […]
It’s often been said in the last days that Greece represents less than 2% of the Eurozone’s GDP, so we shouldn’t spend so much energy on the whole Greek situation, […]
In an inversion of the closing of Tsipras’ op-ed in Le Monde, we might ask: Does the bell really toll for Europe, or just for Greece? The game of the […]
Much has been made of the Greek Finance Minister’s credentials in game theory. Because I commute to Greece a lot, and because I’ve had some exchanges with Yanis Varoufakis on […]
You should fear deflation, or so the story goes, as it puts a brake on the economy: In a deflationary environment, people expect the same amount of money to be worth […]
Have you ever wondered why it’s become so difficult to open, or even just simply operate, a bank account these days? Why your bank treats you in a way that […]
Part 1: Why Big Data can spell Big Trouble Confusing significant-looking results with meaningful results in statistics, and how this gets worse in the age of Big Data is […]
Punchy title, eh? But when there’s something nobody talks about, but everyone agrees when I mention it, it scares me. So here it is. In the aftermath of the financial […]
My opinions on the EU-11 Financial Transactions tax have been reported extensively in this blog, in May, April, and February this year. The legal advisor to EU finance ministers — the “Council legal service” […]
Chatting with one of Europe’s former central bankers recently, we discussed how Cyprus could have been handled differently, and what it all means for European banking integration and deposit insurance. […]
In an old post, I speculated that the EU transaction tax (FTT) will quietly go away. I feel endorsed now that Mervin King hints that Europe would use delaying tactics to kick […]
My blog has been silent for a while, as I got ready to speak in Bangalore, India, where my friends at AMBA put on a great conference on offshore outsourcing […]
We should envy the UK for having the House of Lords! For they have given us a useful reminder of the consequences of an ageing society. But, like most such […]
On the subject of the ill-fated EU transaction tax, it is of little comfort that, seven minutes ago, the FT reported a study commissioned by the City of London Corporation […]
Readers of this columns will know that I was rather positive about the Cyprus solution at first. But the central bank, bestowed with new powers since the parliament’s emergency laws […]
A short update on the deal that was “struck” last night: It is constructive, for it has many desirable features: The disproportionate damage falls on those who took credit risk […]
Before any news may break late today, hopefully on an agreement between the EU and Cyprus, I am, for the first time, starting to feel uncomfortable on how this may […]
I am not sure whether I’m going mad, but here is a thought I need to bounce off my readers, as I’m really not sure whether it’s madness or genius: […]
I always will try to avoid a “breaking news” section here. I am most definitely not online all the time, so there might be a lot of breaking news I […]
Apparently, the proposal being put together to be presented by the Cypriot president on Thursday (when most of you will be reading this), is that the depositor haircuts are a […]
The Sustainability Report 
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