John Murray Brown writes in today’s FT on the Irish situation – you can read it here.
Nouriel Roubini and Arnab Das write on the Greek situation and the implications for the euro area: you can read it here.
Category: EMU
Jean Pisani-Ferry and Andre Sapir (two very influential economists from the Bruegel think tank) recommend the IMF option for Greece: you can read their article here.
The current crisis is stimulating calls for reform of the overall governance structure for the euro area. Wolfgang Munchau makes some proposals in his FT column today – you can read it here.
In this new IIIS Discussion Paper, I discuss the potential role of fiscal policy in stabilising the external account. The main focus is on the management of imbalances within the euro area; I pay particular attention to the Irish situation.
You can download the paper here.
The FT website carries this explanation of the ‘rescue scenario’ if Greece were unable to fund its liabilities.