Lorenzo Bini-Smaghi of the ECB is interviewed by Arthur Beesley in today’s Irish Times; it provides a very interesting account of the concerns of the ECB during Summer/Autumn 2009. You can read it here.
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Lorenzo Bini Smaghi is fond of the word “irrational”. It appears several times in the article that Philip linked to yesterday. In particular, it seems that LBS thinks that Greek voters are irrational. Given that Greece is the birthplace not only of democracy, but of Euclid and the rest of them, it seems worthwhile querying […]
Lorenzo Bini Smaghi is set to be replaced by the very-smart Benoit Coeure of the French Treasury – his website is here.
With things heating up in Greece, Lorenzo Bini Smaghi today outlines his case against debt restructuring in Greece. He argues four points: First, as I already mentioned, it would not be a way to prevent taxpayers from suffering the consequences of bad investment decisions. In our Monetary Union, given the integration of financial markets and […]
Lorenzo Bini Smaghi lays out the case for why membership of the euro area has been a stabilising force during the crisis in this speech.