Boiling Frogs

One year ago, the 15M movement started in Spain, followed by a rise of protesters from Athens, NYC, London, Brussels, Frankfort and many other places all over the World. As a tribute to this wind of change, republish here a paper I wrote last year on my french blog, when the indignados movement emerged in […]

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…

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!

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 […]

The last balance sheet released by the Central bank of Cyprus confirms that the cypriot banking sector is under emergency liquidity assistance injection.

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 […]

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.

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 […]

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.

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. […]