Politics Roundtable

Technical Problems 1/21/15

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Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


March 1, 2015, 4:18 pm, 1431334

This is the second in a series of posts (first one here) in which I try to argue that the balance between costs and benefits of belonging to the European monetary union has shifted in the post crisis world, especially for heavily indebted countries such as those to be ...


February 25, 2015, 6:18 pm, 1429077

Perhaps we’ve been watching the wrong German politician throughout the whole Greece/Eurogroup drama. Usually, the Vice-Chancellor of Germany is one of those posts that comes with a lot more dignity than it does power, like the US vice-presidency in the pre-Cheney days when it wasn’t worth a pitcher of warm ...


February 25, 2015, 4:18 pm, 1429002

Ever since 2010, when Greece first turned to the IMF for assistance, the crisis handling has been characterised by too little too late, which is why Greece is still grabbing the headlines. The Greek banks are a serious part of the problem with liquidity crunch and non-performing loans at 33.5% ...


February 25, 2015, 12:18 pm, 1428838

Reuters — Greece admitted on Wednesday it will struggle to make debt repayments to the IMF and the European Central Bank this year as Germany’s finance minister voiced open doubts about Athens’ trustworthiness. A day after euro zone finance ministers agreed ...


February 24, 2015, 2:18 pm, 1428108

There’s an interesting question about “analysis” which confronts anyone who seriously wants to engage in it: do you organize your focus around what you want to happen (practical policy emphasis) or do you concentrate your efforts in detailing and outlining what you think will happen? Naturally the closer you are ...


February 17, 2015, 10:18 am, 1423684

Why do the inhabitants of an EU country prefer to keep cash amounting to ca. 6% of GDP hidden at home? Badly burnt after the banking collapse in March 2013 Cypriots neither trust their government nor banks to keep their money safe. After following from afar the events in Cyprus ...


February 16, 2015, 4:18 pm, 1423359

Spain’s domestic economy is booming, or so the story goes, and in no small part this boom comes thanks to the arrival of what is being termed the “good kind of deflation”, the sort everyone would like to have, a world where prices fall, real incomes rise, jobs are created, ...


February 15, 2015, 6:18 pm, 1422904

An interesting twitter debate between Alan Beattie and Frances Coppola, regarding the connection between Greek “structural reforms” and the macro-economy.

Alan argues that shortening business-to-business payment terms and improving contract enforcement should just generally be a good thing and shouldn’t have any macro effects in the short term.

Frances ...


February 15, 2015, 4:18 pm, 1422899

It’s probably worth keeping an eye on German elections at the moment. Hamburg voted today, and the results below will update as more results come in, via Der Tagesspiegel. Basically, the SPD won big but will need a coalition partner, probably the Greens, the FDP and the Left had ...


February 15, 2015, 2:18 pm, 1422857

This is old news now, but it’s a good example of a theme we should be watching in the Greek negotiations – as it were, Euro-European tensions. Conflict in the EU, whether between nations, parties, lobbies, or individuals, tends to be expressed as conflict between the institutions.

So Jean-Claude Juncker ...