Early Headlines: End of Humanity, Ex-King Coal, Bernie Who?, Greece End Game, Australian Housing Boom and More

June 21st, 2015
in News, econ_news, syndication

Early Bird Headlines 21 June 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Follow up:

Global

coal.collapse

U.S.

Greece

  • Greek ELA and ECB... What's the Rationale? (Constantin Gurdgiev) CG contributes to GEI. The price of getting Greece ejected or pushed out of the euro has now risen once again as ECB (European Central Bank) added to the ELA (Emergency Loan Assistance) provided to Greek banks amidst a bank run that is sapping as much as €800 million per day. Gurdgiev gives three very different possible rationales for this action, which is exactly the opposite with how the ECB handled a similar situation with Ireland a few years ago.
  • EU Commission President Juncker: 'I Don't Understand Tsipras' (Der Spiegel) Hat tip to Roger Erickson. EU Commission President Jean-Claude Juncker remains committed to preventing a Grexit. But he tells SPIEGEL that his patience is wearing thin: "I don't believe the Greek government's response has been sufficient." As to why Juncker and Tsipras and Juncker can't understand each other, it may be the way their brains are wired - See this article discussed in What We Read Today for yesterday: How Liberals And Conservatives Think Differently (National Journal).

Australia

  • Behind the boom: How globalization is helping to push up our property prices (The Sydney Herald) Hat tip to Steve Keen. The value of the world's goods and services exports has ballooned from 25 per cent of global gross domestic product to more than 45 per cent in the past 40 years. That proportion is set to rise above 50 per cent by the end of this decade. Because international trade predominantly takes place between cities, that shift has had a huge impact on urban trading hubs across the world, including Sydney and Melbourne.

 


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