The Great Debate UK

from MacroScope:

Banking on a Portuguese bailout?

November 30, 2010

portgualprotest.jpgReuters polls of economists over the last few weeks have come up with some pretty firm conclusions about both Ireland and Portugal needing a bailout from the European Union.

Why we have to support Ireland

November 23, 2010

IRELAND-POLITICS/— Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own. —

from Breakingviews:

The world is wasting a good crisis

November 22, 2010

Rahm Emanuel, President Barack Obama's former chief of staff, popularized the motto that one shouldn't waste a good crisis. But there is a severe risk that this is precisely what the world has been doing by being excessively soft in bailing out banks and countries since Lehman Brothers went bust in 2008.

How will the Eurozone crisis end?

June 6, 2010

Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. –

The EU and the hedge funds: the vendetta goes on

May 24, 2010

You might have thought that, with the Eurozone in turmoil, the EU would have its hands too full to pursue its vendetta against hedge funds.

German elections bring forward a possible stalemate situation for EMU

April 28, 2010

Jane Foley is research director at Forex.com. The opinions expressed are her own.-

from Breakingviews:

Greek default should not be taboo topic

April 6, 2010

Forget about Greece for a moment. Just think about country X, which has lived well beyond its means for years thanks to loans from inattentive or foolishly optimistic lenders. When the crunch comes, the X-people will have to cut back on spending. And the X-lenders will generally suffer from the famous rule of banking: "Can't pay, won't pay."

Greece and the mythology of the EU

April 6, 2010

Laurence_CopelandLaurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. –

from MacroScope:

Brit shock horror: euro to survive

March 10, 2010

Euro brezinys_EC1

Britons have never really got the euro zone. "Its not really going to happen, is it?" was a typical question from a City analyst to Reuters back in the mid-90s. The political drive behind the creation of the monetary union was beyond many in eurosceptic Britain.

from Global News Journal:

Does Greece really deserve such a market pummelling?

February 3, 2010

So there's no question Greece has work to do to improve its bookkeeping.

Not only must it get spending in check,  but it needs to be a bit more honest about where its finances stand in the first place. After all, it's not often an EU country says one month that its budget deficit is a little over three percent of GDP and admits a few weeks later that, oh dear, it's actually nearer 13 percent.