Nice long piece from PIIE and more bad news from Portugal. ECB's Mario interviewed not once, but twice!
Hommasta tulijat: tervetuloa ja toivottavasti tykkäätte!
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Daily – Danske Bank (pdf)
Morning Briefing – BNY Mellon
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
EURO CRISIS
Brinkmanship in Brussels, Sturm and Drachma for Greece and Europe – PIIE
The Greek PSI Deal, Greece’s New IMF Program Deal, Brinkmanship Between the Euro Area and the IMF, Austerity in the Euro Area
The Greek PSI Deal, Greece’s New IMF Program Deal, Brinkmanship Between the Euro Area and the IMF, Austerity in the Euro Area
BNP Paribas estimates funding needs to 2015 are €45bn and could rise to more than €60bn.
More Pain, No Gain for Greece: Is the Euro Worth the Costs of Pro-Cyclical Fiscal
Policy and Internal Devaluation? – CEPR (pdf)
24 pages, but luckily with a summary: The authors conclude that the default/exit option should be taken seriously for Greece as an alternative to the current projected scenarios.
Belgians Get Cold Feet As Bailout Queen Dexia Drags Them Toward Abyss – Testosterone Pit
This mayhem could have been avoided. Regulators weren’t blind. Unbeknownst to the public at the time, French regulators had been investigating Dexia for years and had sent its executives numerous warning letters. In the summer of 2010, they finished a report chock full with damning results and threatened to put the bank "under special supervision." And then? Nothing.
Interview with Frankfurter Allgemeine Zeitung – ECB
Interview with Mario Draghi, President of the ECB, published 24 February 2012
Interview with The Wall Street Journal – ECB
Interview with Mario Draghi, President of the ECB, published on 24 February 2012
OFF TOPIC
How The Death Star Will Create Jobs – The Daily Capitalist