Monthly Archives: July 2015

Mark Carney hints that interest rates may rise at the end of the year, and many of the more compressed media pieces on his intervention turn a hint about the obvious into something that sounds like a racing certainty.  For … Continue reading →

A new dilemma for David Cameron. On the one hand, he will want to make a show of objecting to the EU using the European Financial Stabilisation Mechanism [for which the UK would most likely be on the hook] to … Continue reading →

Willem Buiter and co at Citi [no link, since it’s a proprietory research note] propose to transfer regulation and ownership of Greek banks out of the Greek state, and into a common entity owned and controlled by the remaining Eurozone … Continue reading →

Much of the moralising about the crisis seems to miss a couple of points. First, the parties to the struggle over resources (that’s all this is) are not single people.  But they are often discussed as though they were.  They … Continue reading →

There’s an echo in Syriza’s presentation of the options to the Greek people in the SNP’s approach to the independence referendum in September 2014. The SNP campaigned promising a plan A of keeping Sterling, (because they knew the Scots were … Continue reading →