Boiling Frogs

I’ll be completely offline in the coming week, going to Northen England in order to breathe some fresh air and disconnect a bit from all this euro crisis mess. Let’s hope the World does not collapse by then… I leave you with this inspiring quotation of the French author Boris Vian: The truth is not on the side of the […]

Irish dodge debts through UK ‘bankruptcy tourism’ Defence may be a public good. Military spending isn’t. The dirty dozen of Ireland How Greece Will Drag Down Europe And Refuse To Leave Europe is at risk of War Happy reading!

While everyone is talking about Grexit, and all eyes are looking at Spain, more and more Irish people find it hard to repay their mortgages, which is a very bad sign of the inexistence of any sustainable recover of the irish economy. 

Two dangerous Myths about a "Grexit" Greece: here come the vulture funds Prison slaves in China Eurozone exposures to Greece charted Welcome to the Age of Dilemma The Jamaicanisation of the eurozone Happy reading!

Is there a bank run on the Spanish banks? According to El Mundo, Bankia’s customers did withdraw 1bn euros on a single day last week (the information was then denied by spanish officials). True or not, these allegations are a good opportunity to have a look on the long-term evolution of the deposits in Spain.

Iceland Emerges as an Island of Recovery Catastroika: privatization goes public (must see) Building the Next Facebook a Tough Task in Europe (New York Times) How Keynes would solve the eurozone crisis Spain: “Neighbor, Wake Up, Foreclosures at Your Doorstep!” (Global Voices) Happy reading!

Should we fear the possibility of Greece to exit the eurozone? This is the opinion of many commentators, journalists and economists. But their arguments are often made of fallacious analysis based on poor knowledge of the situation.

As the crisis deepens, europeans banks are increasingly relying on central banks. What does it mean for the real economy?

The Death of Inflation Targeting Basic income – an idea to bring stability to our economies Why crowdfunding threatens traditional bank lending Student Loans Weighing Down a Generation With Heavy Debt Why Greece Needs to Leave the Euro Zone (Der Spiegel) Happy reading!

With the crisis, greek banks have been suffering from huge deposit flight. Official figures show that at least 80 billion euros have been moved abroad since 2009. What consequences for the greek economy? And how to address the problem?