Blogger The General Theorist wonders whether Christine Lagarde’s patchy performance as managing director of the IMF qualifies her for the trickier role of president of the European Central Bank. “The assumption that Lagarde is a like-for-like replacement of Mario Draghi is a huge misreading of her track-record.”
Economics
Shaun Richards: Italy faces a tough 2023 with real wages falling by 8% and soaring energy prices.
It is nice for once to be able to look at some growth in the Italian economy. The problem is that as I look at this quarter and the prospects for 2023 we have real […]
EU politics
Bill Mitchell: The sham of ECB independence
The ECB’s power is disturbing in the sense that its decision makers are unelected and largely unaccountable. It does have to provide reports to the European Parliament but it mostly does what it likes. Worst […]
Economics
Quartz: How tax havens turn economic statistics into nonsense
A short, but interesting article that demonstrates why statistics can be completely useless (something we saw with Ireland’s GDP – Leprechaun Economics click here). Read here
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