-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 Great Debate UK
— John Keilthy is Managing Partner of ReputationInc Ireland and is a former business journalist and director and chief operating officer of NCB Group. Andrew Hammond is a Director in ReputationInc’s London office and was formerly a UK Government Special Adviser. The opinions expressed are their own. —
Ireland's fall from grace has been rapid and far worse than that of its counterparts, even Greece. But life in the euro zone has still been one of profound growth, as it has for most of the other peripheral economies.
from Felix Salmon:
Back in April, I noted with respect to Greece that "the bear case is terrifying, and the bull case is very hard to articulate". So it's extremely useful to have a clearly-articulated paper from the IMF, entitled "Default in Today’s Advanced Economies: Unnecessary, Undesirable, and Unlikely", which puts the bull case much more vividly than I've seen it before.
It is fairly commonplace at the moment for U.S. and UK financial analysts -- what continental Europeans call the Anglo-Saxons -- to predict the collapse of the euro zone, a project they were mostly sceptical about in the first place. MacroScope touched on this on two occasions in March.