As Greek bailout talks continue, European monetary officials are also concerned that a Greek statistician could receive a life sentence for reporting accurate macroeconomic statistics.
Coffee will soon cost 20% more in Greece because the terms of a fourth Greek bailout require higher taxes and less government spending.
Since low interest rates insufficiently boosted economic activity, monetary authorities are risking unintended consequences with negative interest rates.
Although people in the eurozone want a single currency and their leaders want unity, monetary union problems create political distrust and disunity.
Our Posts Roundup Sunday 3.01.15 Handy notes from Warren Buffett…more Monday 3.02.15 The basics of Greek tax evasion…more Tuesday 3.03.15 Insight about airline queues…more Wednesday 3.04.15 Why we subsidize Brazilian farmers…more Thursday 3.05.15 What an ATM can teach us…more …
Our everyday economics includes foreign exchange, human capital, economic growth, GDP, inflation, unemployment, monetary policy, tradeoffs and deleveraging.
With excessive sovereign debt and bailout problems, Greece may have to switch to a new drachma and endure financial turmoil at home and in the eurozone.
Reflecting collective intelligence, markets in Greek CDSs and Greek bonds, and the dwindling deposits of Greek banks show if we’ll have a Greek default.