EU politics
Reuters: EU court shields ECB from disclosing key document in Greek crisis
Who needs democracy and transparency when we have the EU? Read here
Financial Institutions
EU politics
Positive Money Europe – ECB announces new giant subsidy for banks – but why would it work this time?
In response to a reduction of growth and inflation prospects for 2019, the European Central Bank (ECB) announced new long-term subsidized loans for banks. But why would it work better this time? By Stan Jourdan, […]
Economics
The MMT Podcast – Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask
MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how […]
Economics
Renegade Inc – Nick Shaxson: The Finance Curse
Finance good, big finance better and biggest finance best. This subtle mantra has bounced around developed economies for decades and has almost entirely captured politicians, the media and the public. Countries have fallen over themselves […]
EU politics
Politico: Deutsche Bank deflects EU lawmakers’ questions in money laundering probe
They will not be able to do this in front of the US congress. Just like Volkswagen and other German car makers, Deutsche Bank needs not respect EU lawmakers. This is the advantage of being […]
Economics
Ann Pettifor – Capital controls vs exchange controls: a brief review
Confused by the recent debate around capital and exchange controls? PEF Council member Ann Pettifor explains the crucial difference between the two, and the role capital controls would play in a progressive economy. Ann Pettifor […]
Austerity
Ann Pettifor – They think it’s all over
On Labour´s attempt to forge a reputation for economic competency based on new economics: What does it mean? Has it worked? Can Labour escape the balancing the household books narrative? Is austerity economics really over?
Economics
David Adler and Yanis Varoufakis: The World Bank and IMF are in crisis. It’s time to push a radical new vision
The exit of Jim Yong Kim offers a chance to put the Bretton Woods institutions in the service of the many, not the few Read here
Economics
Heikki Patomäki – Uncertain Future of the EU: The Role of Reflexive Anticipations
“The EU system of governance is thus premised on false beliefs that it then reproduces in a self-fulfilling manner. We should evaluate negatively institutions that are responsible for the re-production of false beliefs and their […]
Austerity
Kevin Farnsworth and Zoë Irving – Austerity politics, global neoliberalism, and the official discourse within the IMF
Is austerity a ‘dream come true’ for neoliberals, or did the global financial crisis force policymakers to question neoliberalism’s core principles and change direction? Focusing on speeches by members of the International Monetary Fund, Kevin […]