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Merkel Economy Shows Neglect as Sick Man Concern Returns January 9, 2013

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.
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This one is from Bloomberg, have a look as it is interesting. I would say that what goes around (eventually) comes around. Lets see who’s going to be on the upside in a few years. Read the article carefully and beware before you might think of migrating!

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Should the Fed Change Its Target?: Interview with Michael Woodford January 6, 2013

Posted by proeconomia in Fiscal policy, Main, Monetary policy, On the crisis, Opinion.
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This is from Bloomberg. A very well regarded colleague talks about output targeting instead of inflation targeting for monetary policy. The intereview is from the latest AEA meetings and is a must read!

Happy new year! January 1, 2013

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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The very best wishes from all of us to all of you for a healthy and prosperous 2013! Lets hope that the new year will bring these changes that will make our world a better place to live. And, by the way, since the news never stop here is an excerpt from the message of the President of the Hellenic Republic, Mr. Karolos Papoulias (read the article in Greek here):

In his message for the new year, Mr. Papoulias stressed that “There are many things that depend solely on our own actions and decisions. One of these, the most important, is to agree that fighting massive tax evasion is a major national priority which requires tough, flexible and fair tax laws, based on transparent and effective enforcement mechanisms.” Finally, we are getting there…

Even the Germans are fed-up with tax evasion November 18, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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Well, or so it says Sigmar Gabriel the head of German Social Democrats (SPD). In particular, the claim is that the EU and the German government just sit on the sidelines and let huge amounts being transfered out of Greece without any taxes being paid for them – and then additional funds from Europe are being asked to save Greece. He insists that monies that are owned in taxes should first be paid – by freezing Greek assets abroad until taxes on them are paid – and then every other aspect of additional help should follow. What do you think? Fair or not?! Here is the article in Greek and here it is in German.

Yeap, there is plenty-o-money! November 16, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.
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This is something we discussed before, but in case you forgot, here we go again: 3 million bank transfers were done from 2009 by persons (not companies) from Greece to banks abroad for a sum total (please be seated first!) of 33 billion euro (to understand this magnitude consider that this is about 10% of the current debt level and 15% of nominal GDP!!!). Hey, no one is saying that this is from tax evasion or something like it. It just makes you wonder…by the way the total amount of collectable back taxes is about 60 billion (of which only about 8 million are actually receivable). Here is the news piece in Greek.

Predicting the Next Shock to the Global Economy November 4, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, On the crisis, Opinion.
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The second Bloomberg article, as promised. You can read it here.

ECB May Face Involuntary Losses on Greek Debt November 4, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.
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The first of two Bloomberg articles, kindly sent by our colleague Constantina Kottaridi. Read it here.

The return to growth October 17, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.
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This is another article sent by Constantina Kottaridi. Colleague Nikos Karamouzis, @ U of Piraeus, writes about the steps needed for getting back to growth. The article is in Greek from the newspaper Kathimerini.

Here’s Why Europe Must Do More to Save Its Currency Union October 17, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.
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Have a look at this one from Bloomberg. Also see this earlier article that this one quotes about the cost to Germany for helping the weaker countries in the EU getting out of their current predicaments. But then again ain’t the Germans that have done the calculations!

Global Economic Distress 3.0 Looms as Emerging Markets Falter October 14, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, On the crisis, Opinion.
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Have a look at this one as well. Source is Bloomberg.

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