Things to Read on the Evening of July 14, 2015
Must- and Should-Reads:
- Must-Read: More Mediocrity :
- Europe’s Fateful Union (1998):
- Must-Read: Groptimism :
- Greece’s brutal creditors have demolished the eurozone project: stripped of ambitions for a political and economic union, the bloc changes into a utilitarian project :
- Must-Read: We’re All Smart. And Dumb. Sometimes :
- Must-Read: The Retirement Age :
- Greece and the EU: a macro and micro mess up :
- Must-Read: The Laziness Dogma :
- Must-Read: Saving Greece, Saving Europe :
- European countries would have to give Greece a 30-year grace period on servicing all its European debt, including new loans, and a very dramatic maturity extension, or else make explicit annual fiscal transfers to the Greek budget or accept ‘deep upfront haircuts’ on their loans to Athens, the report said…. Greek debt… peak at close to 200 percent of economic output…. The latest projections ‘remain subject to considerable downside risk’…. In the laconic technocratic language of IMF officialdom, the report noted that few countries had ever managed to sustain for several decades the primary budget surplus of 3.5 percent of GDP expected of Greece….) :
- Complicated ties between inequality and growth :
Might Like to Be Aware of: