On june 3 I took part to the Conference on ” A new growth Model for the Greek Economy” presenting a paper “What went wrong (and how to fix it): lessons for Europe from the Greek crisis”. Here are the slides of my presentation, here is my Voxeu Column and here the version in Italian
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The Greek Saga and Redemptions
The next two weeks are going to be crucial for the Greek saga. The Frankfurter Allgemeine Zeitung reports that the Greek government has about until the first week of April before running out of cash. Assuming this is true, a deal on reforms will have to be signed off by then. Debt coming due is […]
Tsipras vs Merkel: A Sequential Bargaining Approach
The large victory of the Syriza party in Greece, with Tsipras just one seat below absolute majority (see Table 1 below) raises the questions :”What will happen now in the Eurozone? Is a Grexit scenario possible?”My take here is that not much is likely to happen, except some tough bargain between the new government and […]
Amico di Angela?
Questo è come viene riportato il mio paper dal The Globe and the Mail :beh, difficile darl loro torto..
Euro Pills: How (Not) To Save the Euro
The Commission’s proposals for fixing the Euro mess are numerous and involve a many economic and legal problems. As for the latter, the trade-off is between timeliness and effectiveness of the measures. More ambitious reforms require amendments of the European treaties and therefore run the risk of being mired in exhausting negotiations. I summarize below […]
Il Club Zero del Super Euro
Oggi Le Figaro scrive che la Merkel e Sarkozy stanno elaborando un piano d’emergenza per il Club di Super Euro da discutere nella riunione europea del 9 dicembre e da attuare già nel gennaio-febbraio 2012. Il piano prevedrebbe nuovi poteri “invasivi” per la Commissione europea e il Consiglio dell’UE, eventualmente anche il di veto sui bilanci […]
Merkel: Quante Volte Ancora?
Alla faccia di chi vuole usare la “leva finanziaria” (un modo, dire, surrettizio) per aumentare la dotazione del EFSF)… Il quotidiano di circlazione di massa Bild. fa le somme dell decisioni salvataggio fin qui prese (7 maggio 2010: la Germania concede € 22.4bn in crediti bilaterali per la Grecia, 21 maggio: garanzie di € […]