Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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A Fistful of Euros


August 29, 2015, 10:18 pm, 1536239

Paul Krugman writing in June 2012 on the UK-Spain interest differential, attributing it to the constraints of currency union -

Then there’s the lender of last resort issue, which turns out to be broader than even those who knew their Bagehot realized. Credit for focusing on this issue goes to ...


August 14, 2015, 6:18 pm, 1528836

Eurogroup statement on Greece –

Once approved, the full re-engagement of the IMF is expected to reduce subsequently the ESM financing envelope accordingly.

Is the Eurozone generally so transparent that the reason to have the IMF on board is to lesson the amount that a group of the world’s richest countries ...


August 7, 2015, 8:18 am, 1523863

A seriously important blog post. Migration is a problem of success, not failure.

As sub-Saharan Africa increasingly rises out of deep poverty, more people can afford to emigrate and are aware that life might be better somewhere else. The propensity to migrate is positively correlated with real per-capita GDP. ...


August 6, 2015, 12:18 pm, 1523266

A while ago I wrote at the Pol that British public opinion had been moving steadily towards staying in the European Union. I used the YouGov poll series as my source. This is a different polling firm, Survation, but it is telling that their basic result is 45% ...


July 31, 2015, 8:18 am, 1519299

Why the Troika and the EU member states find it so difficult to trust Greece

The word “trust” has been mentioned time and again in reports on the tortuous negotiations on Greece. One reason is the persistent deceit in reporting on debt and deficit statistics, including lying about an off market ...


July 26, 2015, 4:18 pm, 1515906

Hans-Werner Sinn has an op-ed in Saturday’s New York Times calling (again) for a Greek exit from the Euro, a recommendation on which he agrees, as he notes, with Paul Krugman and Joseph Stiglitz. Part of his argument is that is that an official lending “bailout” program within the ...


July 17, 2015, 10:18 pm, 1511369

From new IMF report on a certain country –

The case for fiscal adjustment is also grounded in fairness. Without it and with ever more debt, interest payments will soar to some 12 percent of GDP, or about 40 percent of total spending, crowding out essential social programs and infrastructure projects ...


July 16, 2015, 10:18 am, 1510319

Remember Roland Pofalla? Sure ya do. The minister in charge of Angela Merkel’s private office, and therefore Germany’s intelligence services, who vehemently denied anyone had been spied upon when the Snowden leaks hit. Pofalla denied everything, on the basis that the Americans had told him so. When it became clear ...


July 12, 2015, 10:18 pm, 1507727

From that Eurogroup Greece prior actions draft still under discussion in the middle of the night in Brussels –

There are serious concerns regarding the sustainability of Greek debt. This is due to the easing of policies during the last twelve months, which resulted in the recent deterioration in the ...


July 10, 2015, 2:18 pm, 1507045

Many controlling shareholders in China have pledged shares as collaterals for bank loans – this was a common practice in Iceland up to the October 2008 banking collapse. Now, this practice seems to be causing suspensions of trading in shares in China. If this is indeed a widespread Chinese practice ...