A very interesting analyses of the role of the EU and European banks in the Great Financial Crisis.
Read here
Austerity
Bill Mitchell: Either the Eurozone as we know it is dead or Italy goes out – latest research
Research finds that if the technocrats start forcing Italy into austerity measures via a return to the Excessive Deficit Mechanism (and enforcement of the Stability and Growth Pact fiscal rules) then the majority of Italians […]
EU politics
Bill Mitchell: Ex German Finance minister deliberately misses the point about the ECB
Once again the Germans are trying to assert their authority over the ECB and bully it into constraining the only policy intervention that is saving the eurosystem from collapse, by way of insolvency of several […]
Corruption
Prem Sikka – The state still matters: Why the private sector doesn’t have all the solutions
When the UK private sector has been reluctant to embrace risks, the state has stepped in Read here
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