Can the euro be saved through internal devaluation alone – and at what...
The Spanish government yesterday presented the toughest budget and set of reforms in the post-Franco era, amid continued discontent across the country. The crux for Spain and other weaker euro...
View ArticleIMF complacency and Latvia
Take a look at this uplifting – or at least that's what I'm assuming it is meant to be – video, hailed by the International Monetary Fund as proof positive that internal devaluations of the type being...
View ArticleHere’s the really worrying news for Portugal: the distance to Germany is...
So here we go again. Portugal’s coalition government is basically falling apart as we speak. Paulo Portas, leader of the junior coalition partner, the People’s Party, has resigned, with more of his...
View ArticleGreece has made an impressive comeback but it still faces huge challenges
In July 2012, Citi – the American bank – assigned a 90 per cent probability to Greece leaving the euro, having earlier coined the term "Grexit". Around the same time, together with my colleague Raoul...
View Article
