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The end of the euro crisis

In the last couple of weeks the euro crisis reached yet another climax. Ahead of a Greek bond maturity in the coming March, the eurozone countries pressed the Greek Government to come up with a new round of austerity measures before agreeing to sign a new “bailout” deal. If the Greek government failed to deliver, … Continue reading

The despicables

Over the last week we heard some news that should have raised eyebrows (and fists). I can’t help but make a brief comment on them. First there were the suggestions (link here) of the Vice Chancellor and Minister of Economics and Technology of Germany Mr. Philipp Rösler that Athens should cede control of its budget policy … Continue reading