The Great Debate

Grexit signs: Drachma, how we’ve missed you!

By John Lloyd
June 28, 2015
A drop of water is seen on a Greek twenty-Drachma coin depicting ancient Athenian politician and general Pericles in this picture illustration taken in Athens

A drop of water is seen on a Greek 20-drachma coin depicting ancient Athenian politician and general Pericles in this picture illustration taken in Athens March 22, 2015. REUTERS/Yannis Behrakis

from Hugo Dixon:

How a Greek debt deal could work

By Hugo Dixon
June 15, 2015

greek.jpg

REUTERS

Athens has struggled to get its euro zone creditors to talk about debt relief. That is because it is not the most urgent issue facing Greece. A short-term cash crunch could trigger bankruptcy in the next few weeks. But if the negotiators resolve the immediate crisis – and the omens don’t look good - debt relief should come onto the table.

from Hugo Dixon:

Greece seemingly has no Plan A or Plan B on debt

By Hugo Dixon
May 11, 2015

Greek Finance Minister Varoufakis arrives on a motorbike at Maximos Mansion to attend a governmental meeting with Prime Minister Tsipras in Athens

Greek Finance Minister Yanis Varoufakis arrives on a motorbike at Maximos Mansion to attend a governmental meeting with Prime Minister Alexis Tsipras in Athens May 10 2015. REUTERS/Kostas Tsironis

Quantitative easing in euro zone requires shared risk

By Daniel Gros and Christian Kopf
January 20, 2015
The famous euro sign landmark is photographed next to an emergency phone box outside the former headquarters of the European Central Bank (ECB) in Frankfurt

A euro sign is photographed next to an emergency phone box outside the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany. REUTERS/Kai Pfaffenbach

from Breakingviews:

Europe slides towards the next Minsky Moment

May 19, 2014

By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from James Saft:

Waiting for Europe’s QE to sail

By J Saft
December 2, 2010

The good news is that the European Central Bank will probably start a massive additional round of quantitative easing to fight the break-up of the euro zone.

Euro zone faces QE2 pain test

October 14, 2010

QE2 — a second round of quantitative easing — means that soon the U.S., Japan and Britain will all be busily exporting their deflation, raising the question: Just how much pain can the euro zone take?