Michael Roberts: Modern Monetary Theory – Part 1: Chartalism and Marx

French and German banks have more than $400 billion at stake and would lose big if the country left the currency union. Read here

A good piece of research. It is becoming ever clearer where this is heading. Only an academic could raise the question of legality. First the facts – and we are onlyat the beginning. Read here

Nicolo Fraccaroli and Anatole Cheysson ask whether we may see a re-emergence of left-right politics as Eurosceptic parties increase their presence in the European Parliament. Read here