A (euro) crisis of nationalism
By Protesilaos Stavrou.
I have repeatedly stated that the systemic crisis in the Euro area is not about economics, debt, markets, the balance of payments, the role of credit rating agencies, the austerity measures, the independence of the [...]
Has the European Central Bank lost its independence?
By Protesilaos Stavrou.
In light of Mr Draghi’s latest press conference on the approach the European Central Bank will maintain in addressing the ongoing economic crisis in the euro area, prolific Greek economist Dr Yanis Varoufakis argues [...]
The European Central Bank as a painkiller not a remedy
By Protesilaos Stavrou.
There seems to be a consensus among economists that the ECB is not doing enough to arrest the crisis in the euro zone. The ECB is after all considered the big bazooka that can intervene in the markets to lower interest [...]
Is higher inflation in Germany a way to help Greece?
By Protesilaos Stavrou.
Often we come across the argument that one of the ways for Greece in particular and the eurozone’s periphery in general to overcome the crisis is for Germany to tolerate high inflation. The idea is that if there [...]