mainly macro

Imagine that the Scottish National Party (SNP) had won the independence referendum. The SNP starts negotiating with the remaining UK (rUK) ...

There is a simple way to read George Osborne’s budgets. Forget the economics, and just think politics. Take the macroeconomics of aggre...

Too many people, including many in the Troika, see the Greek struggle as just about transfers from one debtor nation to lots of creditor na...

When I recently visited Berlin, it quickly became clear the extent to which Germany had created a fantasy story about Greece. It was an ima...

A lot of the commentary on Greece fails to see why the Greek No vote changes anything. This view tends to see the stance of the Eurozone gr...

When governments borrow too much, and cannot repay, it generally falls to the IMF to sort things out. In playing this role, the IMF should ...

It was all going so well. True, Greek GDP did shrink by 25% over 4 years, unemployment rose to 25% and youth unemployment to 50%, but befor...