Tax avoidance: The Irish inversion

FT article here.

EBA publishes common methodology and scenario for 2014 EU-banks stress test

here.

International Financial Flows and Domestic Credit Conditions

In this short article in the Macroeconomic Review published by the Monetary Authority of Singapore, I review the connections between international debt flows and domestic credit: here.

Alan Ahearne: What’s driving the rapid property price rise?

Irish Times op-ed here.

Programme Updates

We no longer get these for Ireland but the Commission has published its latest reviews of the Greek and Portuguese programmes.  The Greek review runs to 250 pages.  I didn’t go much beyond this table of macroeconomic forecasts

and this chart projecting Greek public debt to 2030.

Hmmm.