Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts
Tuesday, February 5, 2019

5/2/19: The Myth of the Euro: Economic Convergence

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The last eight years of Euro's 20 years in existence have been a disaster for the thesis of economic convergence - the idea that the c...
Monday, July 30, 2018

30/7/18: Burden Sharing, Reforms and Greece

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Much has been said in recent years about European reforms, recovery, burden-sharing and Greece. Most of it draws links of causality along ...
Saturday, November 18, 2017

18/11/17: ECB Induces Double Error in the EU Policy Markets

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In economics, two key market asymmetries/biases lead to the severe reduction in markets efficiency often marking the departure from theore...
Tuesday, May 23, 2017

22/5/17: Eurogroup and Greece: Wrestling Defeat from the Claws of Victory

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Today's Eurogroup meeting on Greece ended in no agreement and extends the current tranche negotiations into June 15, the date of the n...
Thursday, May 18, 2017

18/7/17: Greece in Recession. Again.

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Per recent data release, Greece is now back in an official recession, with 1Q 2017 growth coming in at -0.1%, following 4Q 2016 contracti...
Friday, February 24, 2017

24/2/17: Delays to second bailout cause spike in Greek risk

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Euromoney covering the Greek crisis (latest iteration) with a comment from myself:  http://www.euromoney.com/Article/3663144/Delays-to-sec...
Saturday, June 11, 2016

11/6/16: Sovereign to Corporate Risk Spillovers

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As noted recently in my posts on the new iteration in the Greek Crisis, we are now into the sixth year (officially) of the Euro area sover...
Wednesday, May 25, 2016

25/5/16: IMF's Epic Flip Flopping on Greece

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IMF published the full Transcript of a Conference Call on Greece from Wednesday, May 25, 2016 (see: http://www.imf.org/external/np/tr/2016...

24/5/16: Greek Crisis: Old Can, Old Foot, New Flight

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So Eurogroup has hammered out yet another 'breakthrough deal' with Greece, not even 12 months  after the previous 'breakthroug...
Tuesday, May 24, 2016

23/5/16: Greek Debt Sustainability and IMF's Pipe Dreams

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IMF outlined its position on Greek debt sustainability, once again stressing the fact - known to everyone with an ounce of brain left unto...
Wednesday, May 11, 2016

11/5/16: 7+1 Steps Guide to Greek Crisis Madness

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Greece is back in the news recently with yet another round of crisis talks and measures. Here's where we stand on the matter. After ...
Wednesday, May 4, 2016

4/5/16: Canaries of Growth are Off to Disneyland of Debt

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Kids and kiddies, the train has arrived. Next stop: that Disneyland of Financialized Growth Model where debt is free and debt is never too...
Friday, April 22, 2016

21/4/16: Drama & Comedy Back: Grexit, Greesis, Whatever

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Back in July last year, I wrote in the Irish Independent about the hen 'latest' Greek debt crisis:  http://www.independent.ie/opin...
Sunday, April 3, 2016

2/4/16: Tsipras: Europe's Cross of Forest Gump and Donald Trump

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The tragedy of Europe is the comedy of Europe. And it is best illustrated in the case of Greece, or by Greece, where the latest debt-relat...
Thursday, February 4, 2016

4/2/16: Tear Gas v Lagarde’s Tears: Greece

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Here’s Greece on pensions reforms: Source:  https://www.rt.com/news/331265-greece-tear-gas-protet/#.VrN56JItCdA.twitter Here’s IMF o...
Wednesday, January 27, 2016

26/1/16: Chances of Repairing Greece?..

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When someone says that Europe (or anyone else) "has missed a chance to" stabilise or repair or make sustainable or return to gro...
Sunday, October 18, 2015

18/10/15: Is Ireland a Euro Periphery Outlier? Some Historical Data

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How unique is Ireland within the club of euro peripheral countries? Well, historically, rather unique. Alas, sometimes for the reasons not...
Thursday, September 17, 2015

17/9/15: Greek Crisis: Structural & Institutional Drivers

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A lot has been written about Greek economy, with basically two divergent views (ignoring comical extreme perspectives usually harboured by...
Friday, August 14, 2015

14/8/15: IMF on Two Unfinished Bits of Greek Bailout 3.0

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IMF's Ms. Christine Lagarde statement on Greece: Key points are: 1) Per Lagarde, “of critical importance for Greece’s ability t...
Wednesday, July 22, 2015

22/7/15: Paging from the Planet Debt...

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Ah, good old Europe... Austerity, Reforms, Structural Changes, Improved Competitiveness, Return to Growth... and rising, rising, rising de...