Mr Gentiloni (Mr Kind), the newly sworn in Italian Prime Minister, is a well respected former journalist and experienced politician. Yet, despite his name, he will likely oversee to a period of turbulent political and economic tensions. I give the TROIKA scenario , defined by high political instability, capital flights, rising bonds spread and possible […]
troika
What went wrong (and how to fix it) : lesson for Europe from the Greek crisis
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
A Debt Buy-Back Is Bad for Greece
According to FT Deutschland (quoted by Eurointelligence) on Saturday EU ministers agreed on a mix of measures, including buyback of Greek debt with EFSF money, tapping ECB and national central banks profits on Greek bond purchases and lowering interest rates on bilateral loans to Athens. These buybacks are beneficial to creditors (now mainly EU and […]
Su La Stampa
Intervista su Grecia etc. a Tonia Mastrobuoni de La Stampa
The Troika’s Disaster
The new delay in the disbursement of the tranche of 44 billion from the “troika” (ECB, EU, IMF ) to Greece poses serious problems of economic and political nature to Greece, the entire Euro zone, but also to the International Monetary Fund. it threatens the solvency of the Greek banking system, for whose recapitalization about […]
La Troika del Disastro
Il nuovo rinvio dell’esborso della tranche da 44 miliardi dalla “troika” BCE, UE, IMF alla Grecia pone dei gravissimi problemi di natura economica e politica all’intera zona dell’Euro, ma anche al Fondo Monetario Internazionale. mette a rischio la solvibilità del sistema bancario greco per la cui ricapitalizzazione sono destinati circa la metà dei fondi apre […]
IMF “European Style”
Si è conclusa oggi la missione in Grecia della “troika” (IMF, ECB, Commisione Europea). Il comunicato sembra dare per scontato che, verosimilmente entro luglio, verrà sborsata la nuova tranche del prestito. Dunque prosegue il “bail-out” . Nel maggio dell’anno scorso il Fondo, di concerto con l’IUnione Europea, aveva approvato un prestito Stand By Agreement (SBA) […]