by ECB Watch In an earlier article, we saw that EU Parliament's investigation into the financial crisis, 'CRIS', and the hearing Lessons from Greece, lacked adequate means and resolve to properly address the Greece/Goldman secret loan that was alleg… more »

by Jon Chait With great drama, the EU announced a package of measures designed to end the current fiscal crisis sweeping Europe.  Most economists polled are cautious as to whether the plan will work.  As with everything with the EU, it is one step for… more »

by Dirk Ehnts If and when Greece gets a hair cut of 20% (50%?), all other countries will ask for the same.  A Latvian newspaper reports (via Google Translate): If indeed Greece, for obedience to write off 50% debt, the Latvian will certainly be ask… more »

By Marshall Auerback and Warren Mosler The refusal to countenance a Greek default is now said to be dragging the euro zone toward even greater crisis. Implicit in this view, of course, is the idea that the current “bailout” proposals are operationally… more »