Following my earlier post that intend to show that Greece could be well better outside of the eurozone, let’s have a look of the aftermaths of such a scenario for the eurozone. Here is what I found from official figures and some calculations…
Archive for2012
Grexit: the cost for the rest of the world
May 14th, 2012 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
Boiling links
May 14th, 2012 | by Stanislas Jourdan | published in Boiling Links | Leave A Comment »
Some common sense about the euro and grexit scenario (at least) Greece: Trying to understand SYRIZA Domestically held Spanish debt makes any possibility of restructuring unthinkable Spain Appears Unsure What A “Bank Bailout” Means Happy reading!
How Greece might have a shinier future outside euro’s straitjacket
May 13th, 2012 | by Stanislas Jourdan | published in Beyond the crisis | 3 Comments »
From an economist point of view, it is obvious that Greece has no chance to prosper in the eurozone. However, exiting the eurozone still raises a lot of fears and uncertainties. Fortunately, with some imagination, there may be some solutions to make an exit a real opportunity for change in Greece. In the following post, I’ll […]
Confirmed: central bank of Cyprus is rescuing cypriot banks through ELA
May 11th, 2012 | by Stanislas Jourdan | published in Warning signs | 8 Comments »
The last balance sheet released by the Central bank of Cyprus confirms that the cypriot banking sector is under emergency liquidity assistance injection.
Introducing the boiling links
May 11th, 2012 | by Stanislas Jourdan | published in Boiling Links, Crisis routine | Leave A Comment »
After some weeks of training, I am happy to introduce a new feature on this blog… The “boiling links” ! From now on, I will regularly (2-4 times a week) push a selection of good reads I have come across on the internet. Economic analysis, aside news, subversive views and other curiosities will be in the […]
The dark sides of Iceland’s revival
May 10th, 2012 | by Stanislas Jourdan | published in Beyond the crisis, Warning signs | 3 Comments »
Often quoted as a role model for managing its economic collapse, Iceland is the topic of much discussions on the internet and among current protests in Western countries. While part of this acclamation is justified, one should not idealize the situation of the country now.
Can Spain do as Iceland did?
May 8th, 2012 | by Stanislas Jourdan | published in Beyond the crisis | 1 Comment »
The spanish governement is announcing a bailout plan for its private banks that could end up in injecting up to 10 bn of capital in Bankia. Of course, Spanish people are not very happy about that. On twitter, the hashtag #hagamoscomoIslandia (let’s do as Iceland did) is currently trending. But can Spain really do as Iceland […]
French elections: a defeat without victory
May 7th, 2012 | by Stanislas Jourdan | published in Froggy News | Leave A Comment »
So, François Hollande wins the elections against a Sarkozy on its last legs after a disastrous mandate. Again, not such a surprise. Sometimes life is quite boring when you are one step ahead.
The end of easy growth
May 4th, 2012 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
While chief economist at the IMF, Raghuram Rajan was one of the very few economist that prevented the crisis before 2008. The True Lessons of the Recession, his last paper (pdf) is definitely worth reading: In fact, today’s economic troubles are not simply the result of inadequate demand but the result, equally, of a distorted supply side. […]
A documentary about the monetary system
May 3rd, 2012 | by Stanislas Jourdan | published in Beyond the crisis | Leave A Comment »
Here is a very good documentary produced by Positive Money. This is a must see if you want to understand how money works nowadays, why it creates inequalities, and how we can change it. Last january, I had the opportunity to interview Ben Dyson, the founder of Positive Money, an action-tank that promotes a monetary […]
