Tag Archives: bailout

Excessive austerity doesn’t pay, IMF economists show

by Olaf Storbeck on 23/08/2012

It is probably one of the most important trips in Greece’s modern history. On …

Filed under Economic Policy, Financial Crisis

Tagged as Antonis Samaras, Austerity, bailout, Euro, Euro crisis, Greece, growth, International Monetary Fund, John Maynard Keynes, Spain, tax hikes

"GIPS Euros" vs. "German Euros" – Debunking Hans-Werner Sinn, Vol. II

by Olaf Storbeck on 06/10/2011

Hans-Werner Sinn (Image: Jan Roeder, via Wikipedia)

Repeating a wrong argument endlessly does not turn …

Filed under Financial Crisis, Monetary Policy, Target 2

Tagged as bailout, ECB, European Central Bank, Eurozone, Hans-Werner Sinn, Target2, Target2 balance

The "PIIGS plus" club on Twitter

by Olaf Storbeck on 05/08/2011

Image via CrunchBase

I could not work out who initially started the whole thing, but, …

Filed under Financial Crisis, General Economics

Tagged as bailout, Business Insider, Der Standard, El Mundo, Euro crisis, European Union, Handelsblatt, PIGS, PIIGS, Portugal, Spain, Twitter

The stealth bailout that doesn’t exist: debunking Hans-Werner Sinn

by Olaf Storbeck on 06/06/2011

Hans-Werner Sinn, the CEO of CESifo, claims that the ECB is conducting a secret …

Filed under Economic Policy, General Economics, Monetary Policy, Target 2

Tagged as Anglo Irish Bank, bailout, central bank money, current account deficit, Deutsche Bundesbank, Euro area, Euro crisis, European Central Bank, Eurozone, Felix Salmon, Frankfurter Allgemeine Zeitung, Greece, Hans-Werner Sinn, imbalances, Ireland, Martin Wolf, monetary policy, money creation, open market operations, Target2, Target2 balance

Lobbying for the crisis

by Olaf Storbeck on 31/05/2010

Prior to the crisis the financial industry spent billions of dollars on lobbying activities. Three economists with the IMF have scrutinized the consequences of these spending spree. Lobbying of the financial industry in itself was a cause of the financial crisis. The more a particular bank spent on lobbying the riskier its lending activity was. Continue reading →

Filed under Banking, Financial Crisis, Regulation

Tagged as bailout, banking, campaign contributions, financial crisis, lobbying, political connections, political economy, systemic risk