There’s a joke going around that you may have heard, but you may not have heard why it’s funny. The joke goes, “A Greek, an Italian, and a Spaniard walk…
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Posted in Global Economy
Tagged currency, euro, Europe debt crisis, Eurozone, fiscal policy, Germany, Greece
I’d like to clarify a point in 20th century history. Some policymakers have implied—and some newspapers that should know better have explicitly said—that lurking in the shadows of the current…
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Posted in Global Economy
Tagged Europe debt crisis, Eurozone, fiscal policy, Germany
Athenian democracy was an experiment in direct democracy where the people did not vote for elected officials but rather voted on specific legislation. The Greeks are now poised to once…
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Posted in Global Economy
Tagged Europe debt crisis, European Central Bank, European Union, Eurozone, Greece
European policymakers have been trying to get a handle on the sovereign debt crisis for almost two years, holding summit after summit to little avail. Was the 14th time a…
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Posted in Global Economy
Tagged Europe debt crisis, European Union, Eurozone, Greece, Italy
The specter of Hurricane Katrina haunted government officials along the eastern seaboard. Wide-ranging precautionary measures were put in place but in the end Hurricane Irene simply didn’t pack that large…
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Posted in Global Economy
Tagged bonds, debt, European Central Bank, Eurozone, financial crisis, Greece, investors, Italy, Spain