eurozone

Yanis Responds to Mosler Pilkington Exit Plan

In summary, this plan may end up being the only way out of a vessel heading for the rocks. We must keep it in mind given that our European leaders’ bloodymindedness has put, and keeps, a whole Continent on the rock-bound path. But it is not time yet to adopt it. For it will come at an incredible human cost; a cost that can still be averted (assuming that I am right in saying that the point of no return has not been reached – yet). We still have a chance to storm the bridge and change course. Failing that, a plan like that by Mosler and Pilkington may be the equivalent of our lifeboats. We should, however, always keep in mind that our lifeboats will be launched in icy seas and, while stranded on them, many will perish.

Yanis Varoufakis on the new Eurobond ideas

Greek Progressive Economist Yanis Faroufakis sees progress in new discussions about Eurobonds by the bureaucrats in Brussels. But there are serious flaws in their proposals; chiefly that their plans require treaty changes which could not be delivered in the time left even if member states could be persuaded to agreed to them.

Core Europe Sitting Pretty in their PIIGS Drawn Chariot

It’s also worth noting that when the ECB funds Greece, that funding facilitates Greek purchases of German goods and services, including military, at no cost to the German taxpayer. [...]

Mosler Economic Policy Centre

Warren Mosler does not hide behind the door when it comes ot promoting his ideas. He has funded a new site MECPOC to get his message out. His message is always creative and interesting. This post by Andrea Terzi sums up Moslers prescriptions for the euro-zone - all achievable without treaty change.

National strategies for dealing with Ireland’s debt crisis: exploring the options – September 22-23 2011

Feasta’s Autumn conference examined measures that this country could adopt to secure its economic future which would not leave it reliant on external factors largely outside of its control. Scenarios explored included the potential collapse of the eurozone. The conference featured prominent international and Irish economists and was aimed at economists, politicians, policy-makers, business people, social partners, and other key decision-makers. Conference videos Conference programme (pdf)

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