The Greek ‘Bailout’

As Greek politicians in the midst of post-election turmoil are told that they must implement the ‘bailout’ programme agreed with the EU and IMF it may be timely to reflect on that programme.  Added topicality arises from the fact that Charles Dallara is speaking at the Institute of International and European Affairs (IIEA) in DublinContinue reading “The Greek ‘Bailout’”

I Give Up: A Very Reluctant and Bitter ‘Yes’

To my mind, there is only one reason to vote for the “Treaty on Stability, Coordination and Governance in the Economic and Monetary Union” and that is cold, hard cash. What the treaty does is of dubious economic value while how it does it appears to be redundant.  At best, one might make an argumentContinue reading “I Give Up: A Very Reluctant and Bitter ‘Yes’”

A growth pact?

The recent post by M.L.Paris discusses the possibility of a ‘growth pact’ arising from the election of Francois Hollande in France.  But part of the problem in analysing this issue is the ambiguity about what ‘growth’ means (and how best to promote it).  Consider the following statement from the Swedish Minister for Finance, speaking toContinue reading “A growth pact?”