Written by Hilary Barnes
Olli Rehn, EU Budget Commissioner, said on August 28 that France should go further and faster with reforms to get its budget deficit under control. The pension reform outlined by Prime Minister Jean-Marc Ayrault on the evening of August 28 may be a good example of how France neither goes far nor fast enough, which may encourage the commission to bring forward the day when it places France's finances under administration through the EU "excessive debt" procedures.
September 2nd, 2013
in Op Ed
by Fadhel Kaboub
Reposted from New Economic Perspectives.
Despite all the heated public debates that we have been witnessing in Egypt since the January 2011 uprisings, very little attention has been given to the root causes of the country's deepest economic problems. Understandably, as a country moves towards democracy, it must address all the concerns about freedom of expression, religious rights, women's rights, security and justice sector reforms, anti-corruption laws, political pluralism, elections, and constitutional reform.
by Larry Doyle, Sense on Cents
Has there ever really been a doubt that Larry Summers would be the next chairman of the Federal Reserve?
Not in these parts.
Remember, President Obama — just like his predecessors — will announce who the chairman of the Federal Reserve will be, but that does not mean that he actually makes the selection.
August 30th, 2013
in Op Ed
by Steve Randy Waldman, Interfluidity.com
There has been a recrudescence of blogospheric argument on the nature of commercial banks, whether they are best considered “financial intermediaries” not unlike mutual funds or insurance companies, or whether they are something different, in particular, whether their ability to issue liabilities that are near-perfect substitutes for base money renders them special in macroeconomically important ways. See e.g. Cullen Roche, Winterspeak, Ramanan, and Paul Krugman.