How Iceland survived the fire
Wolf, Martin. Iceland was the first country devastated by the financial crisis. Lehman Brothers failed on September 15 2008. By October 9, its three big banks – Glitnir, Landesbanki and Kaupthing – had collapsed. The UK government seized Landesbanki UK under anti-terror laws, while Gordon Brown, the prime minister, threatened to seize Icelandic assets in […]
Why stricter rules threaten the eurozone
Whyte, Philip, Tilford, Simon. To restore confidence in the eurozone, leaders must fix its institutional flaws and stretch some rules in the interim. Instead, they are doing the opposite. Πηγή: Centre for European Reform πλήρες κείμενο
Neo-Calvinists and the Euro Crisis
Krugman, Paul. Ambrose Evans-Pritchard sends us to a very good essay by the Centre for European Reform warning of the consequences of relying on the “North European interpretation” of the eurozone crisis, which essentially sees the crisis as a morality tale, pitting those who sinned against those who stuck to the path of virtue. Πηγή: […]