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A more specific passage from the Cohn-Bendit & Verhofstadt book that makes me mad: « La zone euro ne souffre toutefois pas uniquement de ce manque de solidarité. La discipline est également défaillante, alors qu’elle constitue la seconde condition nécessaire à la pérennisation d’une zone monétaire. Tous savaient depuis longtemps que les Grecs étaient incapables […]
On Friday, I had dinner with some fellow die-hard cynics when another (and non-European) dinner guest raised the question of Grexit. To my surprise, their cynical answer was the complete opposite of mine. My thinking on this matter was pretty much summed up in this post: Grexit and non-Grexit are both an unpredictable mess, except with different […]
There’s nothing like a bit of unexpected truth to get people upset. Christine Lagarde said this: [W]hile this might come as a surprise to Greeks suffering under extreme austerity, some say Lagarde’s approach to the eurozone is less draconian than the IMF’s traditional policy towards developing world economies. Is it easier to impose harsh demands […]
Being an econo-lawyer super-monster creature thing, I feel a sustained moral obligation to have an opinion about Greece’s potential exit from the Euro. The only problem is, I don’t really have one. Part of the reason for that is that I am actually a pretty decent economist. (Even if I do say so myself.) In […]
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