Category Archives: Uncategorized

Following on from my last post, a part of the argument that the Eurogroup will try to strike a deal at all costs is that they are seeking to protect the sacrosanct nature of the euro, which involves preserving that … Continue reading →

There has been a continual flow of text in the Eurozone crisis based on this idea:  if Greece goes, this is the end of the Euro.  Because of that, the Eurogroup will step back from the brink and make the … Continue reading →

The leading protagonists on either side of the creditor-debtor struggle are using personal and emotive comments as a regular ploy.  The latest incident is Schauble’s remark that he ‘pities’ the Greeks for electing an ‘irresponsible’ Government.  But there have been … Continue reading →

A link to my guest blog on Chunomics, curated by the Independent’s economics editor Ben Chu.

A few stream of consciousness points coming out of Thu Feb 12’s Inflation Report Press Conference. The MPC are determined to ‘look through’ the effects of commodity price falls, and describe balancing risks either side of their effects.  I don’t … Continue reading →

Recapping on tweets today. The dominant narrative in discussions of Greece is that if Greece wants further relief from sovereign debt, those who pay for it want something in return, in particular something that makes it less likely that Greece … Continue reading →

During Varoufakis’ European tour, there was much discussion of a proposed swap of Greek sovereign debt for a new contract that would link payments to the performance of the Greek economy.   For lay readers, this kind of contract is a … Continue reading →

This post responds, though JT directs his fire at Paul Krugman, not myself. JT points out that the legislation isn’t designed to pressure the Fed to follow the Taylor Rule. This defence is hollow. JT thinks the crisis was caused … Continue reading →

This recaps on a tweetstorm this morning.  Perhaps it’s all a cunning plan, or misrepresenation by the media, but if not, the current media strategy of Syriza is worrying. 1.  There is a remarkable amount of cross-section variation (ie across … Continue reading →

Steve Williamson responds to my post asking whether it was sticking to the Taylor Rule that got us into the mess [the opposite of John Taylor’s contention, that it was departing from it that was the problem!]. Two points by … Continue reading →