Month: March 2012

A tale of two depressions, updated

Barry Eichengreen and I provide an update to our original Vox column here.

Senior Irish Official Sees Wider Refinancing Of Bank Burden

Eamon Quinn reports on an interesting interview in this Dow Jones piece.

Slow Road to a Federal Europe

The Sunday Business Post published an opinion piece of mine on the eurozone crisis yesterday under this title. As its content seems to have disappeared behind a paywall, I attach the piece here. 

Angela Merkel’s recent reflections on the future of Europe to which I refer are here.

Weidmann, Munchau and Target2

Here are some comments on the reported letter of the Bundesbank president to Mario Draghi.  The blog software is objecting to posts longer than a couple of paragraphs, so for now I’ll just post links to files hosted on my own website.

Update: Here is a short piece on Target2 balances written by two Bundesbank staff that I’m guessing are not too thrilled with Mr. Weidmann’s intervention.

  • Categories In EMU

Banking Dis-Integration in Europe

The WSJ carries an interesting report on how multi-country banking groups are using LTRO to ring fence affiliates in troubled economies (including Ireland), in order to limit the exposure of parent banks.