The Greek crisis is not simply the result of Athens’ inept public administration but also of an extensive carry trade on eurozone convergence by northern European banks, notably in France and Germany, which obtained short-term profits by matching northern eurozone liabilities with southern eurozone assets. For every foolish borrower there is usually a foolish lender.
Tag Search Results
29 July 2015, Financial Times
04 February 2015, Financial Times
The Transatlantic Trade and Investment Partnership is currently being negotiated between America and the EU. My instinct is to approve, but the international handling of investor-state disputes may have some nasty side effects.
28 January 2015, Financial Times
Our perception that inflation is the normal condition is no more than a reflection of the experience of people alive today. And there is no qualitative difference between an economy in which prices are rising slightly and one in which prices are falling slightly.
09 April 2014, Financial Times
In today’s world of global business and finance, people make agreements in whatever currency they like and under whatever legal system they choose.
22 January 2014, Financial Times
Politicians, like gang bosses and football fans, routinely attempt to establish or reinforce their leadership by inciting hostility to other groups.
18 December 2013, Financial Times
To say comparisons of academic performance are always imperfect and open to revision is not to say they cannot be made at all.
02 October 2013, Financial Times
Negotiations over Scottish independence are framed by the observation that neither the rest of the UK nor the EU has anything significant to gain from such negotiation – or any wish to conduct such negotiation at all.
11 September 2013, Financial Times
President Nicolas Sarkozy was reported to have told aides “if France loses its triple A rating, I’m dead”. A few days later France lost that status; a few months later, Mr Sarkozy was out of office.
07 August 2013, Financial Times
Money is a confidence game; its value depends entirely on the willingness of other people to accept it.
26 June 2013, Financial Times
Globally, the Bank of England has been the main source of fresh and sceptical thinking on the future of the financial sector. While this has won it few friends in the City of London, such unpopularity is a mark of success not failure.
01 September 2010, Financial Times
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