Tag: debt
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Dijsselbloem or DijsselDoom – a Dutch Perspective
I already presented my reservations against the appointment of Dutch Minister of Finance, Jeroen Dijsselbloem (Labour Party) as President of the Eurogroup. The public outrage following the bankruptcy of the banking sector in Cyprus has raised new questions concerning his ‘presidency’ (for which in Dutch the more modest ‘chairmanship’ is used). My initial doubts concerned…
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The European crisis explained in two graphs
Guest contribution by Ricardo Paes Mamede (Assistant professor at the Department of Political Economy of ISCTE – University Institute of Lisbon) A long book is probably too short to explain the European crisis in full length and depth. However, the essential causes of this crisis can be grasped with two simple ideas. 1) The sovereign…