Tag Archives: European Central Bank

Simon Johnson: The End of the Euro is Not About Austerity

From The New York Times Economix Blog Most current policy discussion concerning the euro area is about austerity. Some people, particularly in German government circles, are pushing for tighter fiscal policies in troubled countries (i.e., higher taxes and lower government spending). Others, including in the new French government, are more inclined to push for a […]

Simon Johnson: Is Europe on the Verge of a Depression, or a Great Inflation?

From the New York Times The news from Europe, particularly from within the euro zone, seems all bad. Interest rates on Italian government debt continue to rise. Attempts to put together a “rescue package” at the pan-European level repeatedly fall behind events. And the lack of leadership from Germany and France is palpable – where […]

Kristin Forbes: Economists must bridge disciplines to find answers to financial crises

In 2009 when my colleagues at the National Bureau of Economic Research and I began planning a conference for a project we’re running on the global financial crisis, we were concerned that the material would no longer be timely when the symposium actually occurred. We needn’t have worried. I’ve just returned from Washington, DC, where […]

Europe Needs Trichet’s Unified Finance Ministry: Simon Johnson

From Bloomberg News Jean-Claude Trichet, president of the European Central Bank until October, last week floated two proposals aimed at dealing with Greece and related eurozone public-debt problems. The first idea would allow European Union authorities to override the policy decisions of member governments that can’t come up with sustainable budgets, implying the creation of […]