When strategy is mistaken for stupidity, the curious case of eurozone...
Have you ever ridden a bike to work in a major metropolitan city? If so, you’ll understand the importance of predictability. It’s best to stick to the cycle lanes, signal when turning, obey traffic...
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When the eurozone sneezes, does the US catch a cold?
If this chart of exports is anything to go by, it’s hard to see how the US would become unwell: Continue reading: When the eurozone sneezes, does the US catch a cold?
View ArticleEurozone as a tragedy of the commons
Here’s an innovative way of looking at the Eurozone crisis. Not so much the periphery states being reckless, but some states taking advantage of what should have always been seen as a collective pool...
View ArticlePricing the German costs of a euro break-up
Calculating the benefit to Germany from eurozone membership has been attempted numerous times, and proven rather hard to pin down. But what about the opposite? The costs to the country of a euro...
View ArticleThe eurozone crisis and the curse of the small print
For every announcement on how to deal with the eurozone crisis, there are as many questions that come to mind as there are statements from politicians. From Eurointelligence’s morning briefing...
View ArticleA bit less whip, a bit more bazooka in the eurozone week that was
The economics team at RBS summarise the announcement from the EU summit last week that surprised to the upside, while putting it in context: We expect a successful resolution to this crisis through a...
View ArticleCome on Mr Rajoy, make that call…
The markets are reminding the Spanish Prime Minister that he needs to actually request economic assistance — and accept all that that entails — before the ECB will physically buy Spanish paper. Here’s...
View ArticlePrepare for probable disappointment, IMF
The IMF's latest global growth forecasts are, unsurprisingly, lower than their last set of forecasts. Which were in turn lower than their previous set of forecasts. And that's as far as we want to go...
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What Germany, France and van Rompuy want in a fiscal union (with optional...
We just had to highlight this excellent cut-out-and-keep guide, from today’s print FT, to the tussle over banking union, fiscal union, and debt mutualisation: Continue reading: What Germany, France and...
View ArticleIn defence of Latvia
It’s fair to say that Latvia’s post-crisis economic trajectory divides opinion. Some see its ultra-austerity approach as a triumph, others as deeply regressive. But it’s hard to argue with the notion...
View ArticleCyprus doesn’t want a radical rescue, thankyouverymuch
Are you a Russian company with deposits in Cypriot banks? Do you feel safe? Do you read newspapers?Continue reading: Cyprus doesn’t want a radical rescue, thankyouverymuch
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