radicaleconomicthought.wordpress.com
Deal to come in next 24 hours? | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/05/deal-to-come-in-next-24-hours
8230;or maybe not…. Greece’s ultimate ace. Deal to come in next 24 hours? Deal to come in next 24 hours? July 5, 2015. July 5, 2015. Before the polls close, Mr Varoufakis said a deal can come within 24 hours. How can he be so certain? Does it have something to do with capital controls? Because if there is a YES vote, the capital controls can be removed, as the future of Greece in the Eurozone will be assured. So, to avoid the bank run on Tuesday, the Troika, of which the ECB is a part should settle and c...
radicaleconomicthought.wordpress.com
Tax Credits and Parallel Currencies | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/25/tax-credits-and-parallel-currencies
8230;or maybe not…. Greece’s ultimate ace. Tax Credits and Parallel Currencies. Tax Credits and Parallel Currencies. July 25, 2015. July 25, 2015. This had all kinds of good effects on the economy. It provided a decent minimum income for families, allowed workers to take on work at the minimum wage, knowing they would get supplemented, and it was a very good tool to fight inequality. No wonder the current Conservative administration is against it. Into existence, but. 2) Tax credits do not count as loans.
radicaleconomicthought.wordpress.com
The miracle currency: the G-Euro | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/09/the-miracle-currency-the-g-euro
8230;or maybe not…. Greece’s ultimate ace. The miracle currency: the G-Euro. The miracle currency: the G-Euro. July 9, 2015. July 9, 2015. Greece is in bit of a predicament at the moment. Arguably its biggest problems are not whether it can put an agreeable proposal together by Friday, or whether it should leave the Eurozone or not. The biggest problems are, I would suggest:. Greece would like its people to work, 25% of its people are unemployed, and half of its youth. Greece does not have any money.
radicaleconomicthought.wordpress.com
How to Grexit gracefully | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/13/how-to-grexit-gracefully
8230;or maybe not…. Greece’s ultimate ace. How to Grexit gracefully. How to Grexit gracefully. July 13, 2015. July 13, 2015. President Merkin Muffley: How is it possible for this thing to be triggered automatically and at the same time impossible to untrigger? As Greeks come to terms of the full impact the financial waterboarding inflicted on Tsipras this week-end by his European partners, it is clear, there will be only one credible outcome. A referendum, anyone? Therefore, that current mess can only re...
radicaleconomicthought.wordpress.com
Grexit: Drachma and Devaluation spells Disaster, not Deliverance | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/06/22/grexit-drachme-and-devaluation-spells-disaster-not-deliverance
8230;or maybe not…. Greece’s ultimate ace. Grexit: Drachma and Devaluation spells Disaster, not Deliverance. Grexit: Drachma and Devaluation spells Disaster, not Deliverance. June 22, 2015. June 24, 2015. Mr Bootle, an economist from Capital Economics writes in a tongue-in-cheek letter to Greek Prime Minister Mr Tsipras published in the Daily Telegraph today. His advice: Exit the Euro and issue a new currency, which will then devalue against the Euro. Bootle advocates that there is no third way but does ...
radicaleconomicthought.wordpress.com
Bank rescue? Advice to Greece: Follow the Germans | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/20/bank-rescue-advice-to-greece-follow-the-germans
8230;or maybe not…. Greece’s ultimate ace. Advice to Greece: Follow the Germans. Advice to Greece: Follow the Germans. July 20, 2015. July 20, 2015. Germans like building cars, putting their towels on European sun-lounges, and winning the World Cup. That seems to be the three comparative advantages. What else are the Germans good at? Selling drugs in supermarkets maybe, a crucial component, the Troika thinks, in helping Greece repay the 320bn of debt? How about liberalized markets, companies like Uber an...
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Bickering creditors and the role of the ECB | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/31/bickering-creditors-and-the-role-of-the-ecb
8230;or maybe not…. Greece’s ultimate ace. Bickering creditors and the role of the ECB. Bickering creditors and the role of the ECB. July 31, 2015. July 31, 2015. Frances Coppola has written a nice analysis. Of what the ECB has done recently, and how that has helped or hindered the Greek situation. On the one hand the ECB should provide liquidity to the Greek banking system, on the other, as part of the Troika, it is enforcing harsh rules on Greece. That is not good:. But is this true? Maybe the two shou...
radicaleconomicthought.wordpress.com
How to negotiate debt relief | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/07/07/how-to-negotiate-debt-relief
8230;or maybe not…. Greece’s ultimate ace. How to negotiate debt relief. How to negotiate debt relief. July 7, 2015. July 7, 2015. Negotiations between Greece and its public creditors restart today. If anybody thought that referendum has not made a difference should think again. Greece’s negotiating position has strenghtened. Mr Spock would have taken the negotiations to its logical conclusion, perhaps by pushing the Europeans into a corner to force them into an agreement. 3) Debt relief is also impossib...
radicaleconomicthought.wordpress.com
How to turn the table | radical economic thought
https://radicaleconomicthought.wordpress.com/2015/06/17/how-to-turn-the-table
8230;or maybe not…. Greece’s ultimate ace. How to turn the table. How to turn the table. June 17, 2015. June 17, 2015. Greece ows Euro 240 billion to its European creditors. Yesterday, talking about the Endgame. I suggested Greece should declare a moratorium on its debt. And incidentally, Jeffrey Sachs, in an article. For Project Syndicate with the same name, also said that the Greek government should not give in. How to repay when declaring a moratorium:. Can 240bn be repaid in 12 years? This would incr...
radicaleconomicthought.wordpress.com
Greece’s ultimate ace | radical economic thought
https://radicaleconomicthought.wordpress.com/greeces-ultimate-ace
8230;or maybe not…. Greece’s ultimate ace. Greece’s ultimate ace. Greece’s ultimate ace. If this will work? Everybody looking from afar is skeptical. The agreement is rubbish, says even the IMF, and will further strangle the Greek economy. However, at the weekend, it seemed that Greece did not have an option but to surrender and accept. Did they not have anything which they could have thrown into the ring? Was there a credible plan B, with which Greece could have put its creditors under pressure? Ultimat...
