A parallel currency for Greece: Part II

Introducing a currency in parallel to the euro could help Greece repay its external debt and resume economic activity. The first column in this two-part series (Bossone and Cattaneo 2015) illustrated various options to design a parallel currency for Greece, which aims to avoid Grexit while helping Greece repay its external debt and resume economic [...] Read more ...

via Voxeu
26 May 2015

Brides for sale: European women lured for sham marriages

LONDON (AP) — Klara Balogova was 18, penniless and heavily pregnant when she rode thousands of miles from Slovakia to England to marry a man she had never met. She knew he did not want her, or her child. He wanted her European identity card. The marriage was arranged so the 23-year-old Pakistani groom could gain the right to live and work in Euro [...] Read more ...

via Ap
26 May 2015

What Would Happen If Greece Doesn’t Pay the IMF: Q&A

Failure to pay the IMF would entitle some of Greece’s other creditors, including the European bailout fund, to declare a default. What will happen if an IMF payment is missed? When are the next IMF payments due? Can Greece ask for an IMF payment to be deferred? Greece owes the IMF about 20 billion euros in principal over the next nine years for t [...] Read more ...

via Bloomberg
26 May 2015

Europe to open mixed after long weekend break.

With US, German and UK markets closed yesterday, what was left of world markets had somewhat mixed fortunes, with Asia markets surging to multi year highs on reports that Chinese authorities had given the green light to hundreds of proposed infrastructure projects, which it wants private investors to help fund and build, while a weaker yen helped p [...] Read more ...

via Cmcmarkets
26 May 2015

Scrip tease

FOR the third time in five years, Greece is looking into the abyss. As in 2010 and 2012 the Hellenic Republic looks likely to run out of cash, and may soon miss [...] Read more ...

via Economist
26 May 2015


Vine is the best way to see and share life in motion. Create short, beautiful, looping videos in a simple and fun way for your friends and family to see. Read more ...

via Vine
26 May 2015


That’s the part that’s most puzzling and frustrating and embarrassing.’”[18] In the years since 2012, it does not appear that Republican polling has gotten better. Don’t Trust the Polls,” The Hill (October 13, 2014). [7] It is worth mentioning that PPP was the most accurate pollster in the 2012 election cycle; Before discussing this iss [...] Read more ...

via Mrtopstep
26 May 2015

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