Tag Archives: Greek debt

Peter Blackrock. Germany in control.

What is happening in the European Union and Eurozone? Clearly, there is a seismic shift underway. Here is one interpretation of what is happening. The key driving force behind the shift is the German Finance Minister, Wolfgang Schaeuble. He is … Continue reading

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Greek Crisis

See below links to two interesting articles. The first is by Paul Krugman, ‘Ending Greece’s Bleeding’ in the New York Times. The second is by Thomas Picketty ‘Germany has never repaid’ from the German newspaper Die Zeit. http://www.nytimes.com/2015/07/06/opinion/paul-krugman-ending-greeces-bleeding.html?rref=collection%2Fcolumn%2Fpaul-krugman https://medium.com/@gavinschalliol/thomas-piketty-germany-has-never-repaid-7b5e7add6fff

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Greece didn’t fail, but the EU’s debt moralising did.

It is often said that if you owe the bank $1 million you have a problem.  But if you owe the bank $1 billion, the bank has a problem!  The EU has that sort of problem with Greece. Joseph Stiglitz, … Continue reading

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