Britain currently has two emergency fiscal rules. There is a commitment, roughly speaking, to eliminate the structural deficit and to … Continue reading “A British debt brake”

BBC Online recently produced an informative presentation entitled ‘What really caused the eurozone crisis?’ Taking the reader through a number of … Continue reading “Understanding the euro crisis: lessons for future policy-makers”

Unfortunately prime minister Mario Monti appears not to have read the insightful comment by Philip Booth, who suggested that ‘a … Continue reading “Italy is in a crisis of credibility”

The results of the last EU summit were labelled by politicians as the final step to resolve the eurozone debt … Continue reading “Euro crisis: politicians cannot bypass the market”

The European Central Bank (ECB) sits at the centre of a clearing system (‘TARGET2’) for national central banks (NCBs) within … Continue reading “The ECB cannot hold back the tide of euro credit and banknotes”

Mario Monti has the technical ability to deliver much needed privatisation and liberalisation, but whether he is able to survive … Continue reading “Economic liberalisation in Italy – we need the full Monti”

The European debt crisis is bringing Italy into uncharted waters. With an over-400 basis point spread between Italian bonds and … Continue reading “Privatisation and liberalisation are the key to recovery in Italy”

European leaders are advocating greater fiscal integration in response to the ongoing euro crisis. Despite their professed euroscepticism, David Cameron and … Continue reading “Euro crisis: the dangers of fiscal integration”

Writing an article on the fate of the eurozone in recent times has been something of a fool’s errand. No … Continue reading “Time to break up the eurozone?”