Nicola Sturgeon, leader of the Scottish National Party (SNP), has declared that there will be a second independence referendum by … Continue reading “Solving the Scottish currency conundrum”

Since the onset of the euro zone crisis, two schools of thought have emerged, offering different diagnoses of the single-currency … Continue reading “Book review: ‘The euro: how a common currency threatens the future of Europe’ by Joseph E. Stiglitz”

…continued from Part 2.   Would a Return to a National Currency without Institutions Work? Some economists like Stiglitz claim … Continue reading “Greece – the conundrum of currency and institutions (Part 3)”

…continued from Part 1.   The Institutional Problem Revealed through Global Indices One could arguably blame the aforementioned problems in … Continue reading “Greece – the conundrum of currency and institutions (Part 2)”

It appears to many that Greece is a lost cause and a country that can maybe only survive outside the … Continue reading “Greece – the conundrum of currency and institutions (Part 1)”

Karl Marx may have been wrong about most things, but he certainly had a knack of creating telling phrases. “The … Continue reading “Corruption makes economies less crisis-resilient”

The latest episode in the Greek debt drama, which ended with the Greek government’s agreement to undertake much-needed reforms in … Continue reading “The last thing we need is a French Eurozone”