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Vuk Vukovic
18 June 2012
1 comment

As its crisis continues, more and more people are calling for Greece to follow the Argentine 2001 example and devalue its currency. This would imply leaving the euro and returning to...
Philip Booth
15 June 2012
comments

There has long been support for the EU project in the Vatican but, as ever in these matters, we have to ask whether governments and supra-national organisations remain the servants of the people or...
Juan Ramón Rallo
12 June 2012
2 comments

Although the Spanish government refuses to tell the truth to the citizenry, both the government and the banks have clearly been bailed out by the Eurogroup. Spain’s financial entities,...
Philip Booth
8 June 2012
6 comments

Europe is riddled with bad debt. In some countries, such as Spain, banking systems are in chaos. In other countries, the government has accumulated sufficient debt that it does not even require a...
Philip Booth
7 June 2012
comments

There is some sense in the EU’s new plans to change the way in which banks are regulated. In particular, there are two major problems with the current system of regulation in the EU. Firstly...
André Azevedo Alves
30 May 2012
1 comment

As odd as it may seem, Alexis Tsipras may well be the eurozone's best hope at the moment. As Greece heads towards new elections and a clear majority of the electorate is seemingly...
Kristian Niemietz
23 May 2012
2 comments

The rate for travel insurance depends critically on where we go and what we do there. A hiking tour through the Amazon rainforest comes at a higher premium than a stay at a health spa at Lake...
Juan Ramón Rallo
22 May 2012
13 comments

It is not austerity but the threat of insolvency that is killing peripheral economies such as Spain. Since it has become clear that the European Union is not willing to completely mutualise risks...
Philip Booth
18 May 2012
1 comment

Working out who exactly owes what to whom in the eurozone is an increasingly difficult job. Money is pouring out of Greece and now, it would appear, Spain at a rapid rate. €700m apparently...
Vuk Vukovic
23 April 2012
4 comments

Last month saw the first eurozone default. Greece defaulted on its debt, but this event, contrary to popular belief in the final quarter of 2011, did not cause an abrupt panic. It did not force...
Mark Harrison
7 February 2012
1 comment

Why didn’t Europe's builders stop with the single market? The European single market was a huge achievement. Enacted between 1987 and 1992, it eliminated many physical, technical and...
Philip Booth
20 January 2012
3 comments

Many UK economists are pretty sanguine about euro break-up. Patrick Minford, for example, in the minutes of the Shadow Monetary Policy Committee this month wrote that tales of disaster have little...
Adam Tebble
6 January 2012
2 comments

BBC Online recently produced an informative presentation entitled ‘What really caused the eurozone crisis?’ Taking the reader through a number of key steps and moments, it shows in...
Alberto Mingardi
19 December 2011
1 comment

Unfortunately prime minister Mario Monti appears not to have read the insightful comment by Philip Booth, who suggested that ‘a radical programme of economic reform in Italy and elsewhere...
Philip Booth
28 November 2011
1 comment

Last week, the IEA held a discussion on the EU. There were some prominent euro enthusiasts there, together with a large number of sceptics. I was somewhat surprised by the enthusiasm of the free-...
Holger Zemanek
24 November 2011
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The results of the last EU summit were labelled by politicians as the final step to resolve the eurozone debt crisis. The member states’ guarantees to the EFSF, the supranational rescue fund...
G. R. Steele
23 November 2011
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Mainstream macroeconomics presents monetary and fiscal interventions as independent policy options, and this spills over to institutional structures. In the UK, for example, the Bank of England and...
G. R. Steele
17 November 2011
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The European Central Bank (ECB) sits at the centre of a clearing system (‘TARGET2’) for national central banks (NCBs) within the eurozone. The pattern that has built up, particularly...
Philip Booth
15 November 2011
1 comment

Mario Monti has the technical ability to deliver much needed privatisation and liberalisation, but whether he is able to survive the rigours of democratic politics is another matter. When the euro...
Richard Wellings
27 October 2011
3 comments

European leaders are advocating greater fiscal integration in response to the ongoing euro crisis. Despite their professed euroscepticism, David Cameron and George Osborne have offered their...