€uro-thoughts

As the Eurozone debt crisis took a decidedly alarming turn in past weeks, the European Central Bank responded with resumption of their bond-purchasing program that had begun originally in May 2010. This measure had been intended to solve the debt crisis in Greece, though with the benefit of hindsight we can see that it failed […]

Whenever things get really bad in the Eurozone debt crisis, people start to talk about countries leaving, abandoning the euro and readopting former national currencies. For a while it was Greece – Greece should leave the Eurozone, there would be no need for internal devaluation if Greece went back to the Drachma, the Eurozone wouldn’t […]

Last week, I discussed the latest response by European leaders to the Eurozone debt crisis, which emerged from the European Council summit of 21st July. Since then, much coverage of the crisis has continued to evaluate the impact of the deal reached there on the situation in Greece and other peripheral countries, as well as […]