Sovereign Default in the Euro Area

This week’s Economics Focus in the Economist takes a look at this issue.

Government Revenue Windfalls and Shortfalls

The ECB has a new working paper on the sources of windfalls and shortfalls in government revenue: the paper is available here.

European Financial Regulation: Three New Agencies

The FT reports the outcome of today’s ECOFIN meeting:   Paris gets securities markets; London banking; and Frankfurt insurance.

Willem Buiter’s New Job

WIllem Buiter has had a varied career in academia and government service. Most recently, he has been a prominent economics blogger via the Maverecon site (hosted by the FT).  The Maverecon blog is now ceasing, since he has a new job as chief economist at Citi.  See the announcement here.

Financial Regulation in Ireland: Past, Present and Future

Governor Honohan made a speech last night on this topic: the text is here.