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 […]
Tag Archives: national debt
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 […]
Greece: Why is it so Important? (Part 2)
With Greece defaulting tomorrow, my post two weeks ago “Greece: Why is it so important?” seems more eerily prescient than I feared back then. I said the Greek government isn’t […]
Why Greeks should vote No
The game of chicken is over. There is no stepping back from the promise of a referendum, and if there is a future ‘deal’, it won’t be with the current […]
The Effects of Austerity: Ireland vs Greece
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 […]
For Whom Tolls the Bell?
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 […]
Where’s the credit shortage coming from?
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 […]
From the Fiscal Cliff to the “Terrorism of Exceptions”
In my earlier blog on how the EU manages to have itself over a pork-barrel, I promised to follow on with the example of the US Fiscal Cliff. It is instructive […]
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