The Great Debate UK

from Felix Salmon:

Why European debt defaults are necessary

By Felix Salmon
November 30, 2010

Jim O'Neill of Goldman Sachs is now going around saying that the eurozone needs "solidarity," and that Germany in particular needs to get with the all-for-one-and-one-for-all program, after getting itself into this mess by encouraging far too many countries to join the euro in the first place. At the same time, the survival of the euro, he says, "requires Germany to be not so noisy and aggressive about how other countries should run their economies."

from James Saft:

Pension savers get the boot

November 30, 2010

From Dublin to Paris to Budapest to inside those brown UPS trucks delivering holiday packages, it has been a tough few weeks for savers and retirees.

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. –

Thank you, Gordon Brown

November 11, 2010

BRITAIN-INFLATION/–Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own.–

What is the extent of Ireland’s crisis?

By Guest Contributor
October 1, 2010

- Kathleen Brooks is research director at forex.com. The opinions expressed are her own. -

from Felix Salmon:

The European crisis gets quietly worse

By Felix Salmon
September 28, 2010

Edward Hugh has a must-read overview of the euro crisis as it stands right now: not nearly as panicked as when everybody was concentrated on Greece back in May, yet in many ways worse than that.

from Felix Salmon:

Why Ireland is bailing out foreign banks

By Felix Salmon
September 27, 2010

Robert Peston has a theory for why Ireland can't bail in the sophisticated institutions which lent untold billions to the country's beleaguered banks:

from Felix Salmon:

When secret meetings are boring and useless

By Felix Salmon
September 27, 2010

The WSJ has a great little story proving once and for all that just because something is secret doesn't mean it's interesting. Apparently, for a year or so, a "secret task force" met at ungodly hours on the sidelines of various euro-events in cities like Brussels and Luxembourg. Its members were hand-picked, its task momentous: to come up with a plan should a eurozone country enter a crisis and threaten the currency union.

“Impossible” balancing act to perform with stress tests

July 23, 2010

-Tiffany Burk is the European Market Analyst at Travelex Global Business Payments. The opinions expressed are her own.-