Tag Archives: International Monetary Fund

Excessive austerity doesn’t pay, IMF economists show

by Olaf Storbeck on 08/23/2012

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

Europe's Austerity Pipe Dreams

by Olaf Storbeck on 09/24/2011

Economic history suggests that Europe won’t be able to fulfil its budgetary pledges. A …

Filed under Economic Policy, Financial Crisis

Tagged as Austerity, economic growth, fiscal consolidation, Germany, Greece, Gross domestic product, International Monetary Fund, Italy, Nicolas Sarkozy, spending cuts, United States

The science of haircuts

by Olaf Storbeck on 07/19/2011

The Art of Haircuts (illustration by Klaus Meinhardt http://www.klausmeinhardt.de)
In the good old days, haircuts …

Filed under Financial Crisis

Tagged as Christoph Trebesch, debt, debt crisis, Default (finance), Euro, Euro crisis, Greece, haircut, Hertie School of Governance, International Monetary Fund, Juan Cruces, Kenneth Rogoff, Nouriel Roubini