Greece: the agreement will not create the necessary impulse to boost growth
This is an addendum to my yesterday’s post on Greece. What do we have to keep in mind after the agreement (see the press release here) This agreement is the…
Philippe Waechter's blog
An agreement has been reached on Greece
Eurozone governments have brokered a long-awaited debt relief deal for Greece, pushing back repayment deadlines on almost €100bn of bailout loans as the country prepares to exit its era of…
A lower momentum for the Euro Area during the second quarter
GDP growth for the Euro Area was confirmed at 0.3% (flat) for the second quarter of this year (2.2% at annual rate). The table below shows growth figures for different…
On the state of the Monetary Union
Synthetic publication by Thomas Philippon (NY University) on the state of the European Monetary Union. It distinguishes different times depending on whether one is interested in the financial crisis, economic…
The shock on Greek activity has been brutal and violent in July
The Greek crisis, with its uncertainties related to the place of Greece within Europe and with the constraints associated to the banking sector shutdown since the beginning of July, has…
Fragile political equilibrium in the Eurozone
The political equilibrium in the Eurozone is still fragile regarding the deal with Greece. Interesting paper on this issue http://www.politico.eu/article/parliamentary-hurdles-greek-deal-netherlands-germany-finland-greece-grexit/
After the Eurogroup, some questions remain
After the deal at the Euro-Summit, there are still questions that puzzle me. The first is the question related to growth. At which moment in the future can we imagine…
After Eurogroup, it is no longer given choice to Greece
When I start writing this post, an agreement has been reached at the Euro Summit. We don’t have details yet but it’s probably close to the Eurogroup deal reached yesterday.…