Spain’s coalition between PSOE and Unidas Podemos gambled on rowing back austerity measures in a period of relative calm – but now, facing a historic recession, its forces find themselves increasingly at odds.
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EU politics
Ashoka Mody: Greek bonds now yield less than Treasurys, and that’s as irrational as it was in 2007
Today’s cheer in eurozone financial markets obscures a steadily weakening economic foundation 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 […]
Economics
Bill Mitchell: Operationalising core MMT principles – Part 1
Things seem to come in cycles. We have been at this for some years now – trying to articulate the principles of Modern Monetary Theory (MMT) in various ways in various fora. Read here
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