The sovereign debt crisis that gripped the euro zone in 2011-12 threw into the spotlight the problems with a currency … Continue reading “The woes of Greece show the importance of market reforms and sound fiscal policies”

Another bailout deal has been secured for Greece. Some of the country’s borrowing will be written off – it will … Continue reading “Yet another Greek bailout will change nothing without structural reform”

Political instability in Greece and a further worsening of the banking crisis in Spain recently sparked a new wave of the … Continue reading “Is Greece trapped in the eurozone?”

As its crisis continues, more and more people are calling for Greece to follow the Argentine 2001 example and devalue its currency. This … Continue reading “The Argentine example isn’t helpful to Greece”

There has long been support for the EU project in the Vatican but, as ever in these matters, we have … Continue reading “Holding on to the euro: the well-off and well-connected will manage”

As odd as it may seem, Alexis Tsipras may well be the eurozone’s best hope at the moment. As Greece heads … Continue reading “Greece and the eurozone: staying in may be riskier than exiting”

The rate for travel insurance depends critically on where we go and what we do there. A hiking tour through … Continue reading “Tsipranomics: denial, sophistry, brazenness and good storytelling”

It is not austerity but the threat of insolvency that is killing peripheral economies such as Spain. Since it has … Continue reading “Bringing back the peseta won’t solve Spain’s problems”

Last month saw the first eurozone default. Greece defaulted on its debt, but this event, contrary to popular belief in … Continue reading “After default: options for recovery in Greece”