The Failure of Politics: Merkel’s Euro Debacle?
It may be the great magic trick of the management consulting world: No matter how complex the situation and how iffy the outcomes may appear to be, just draw a two-by-two box for your client. Define what options to write on the x and y axes – and then the client can...Portugal’s Successful Turnaround? A Fairy Tale
Even a brief glance at the facts suffices. Portugal is no less bankrupt than Greece. The country’s government debt, at 124% of GDP, might be lower than in Greece. However, government debt is just one – even though important – part of the full debt picture. On an...A Better Alternative to QE for Europe: Ben Bernanke’s helicopter drop: Money for citizens, not banisters.
Despite all the advertising, launching quantitative easing (QE) in Europe may well be counter-productive. This is due in no small part to significant structural differences between the U.S. and European economies and capital markets. But that does not mean nothing...How Japan Bankrupted Itself
Following the start of Abenomics in 2012, Japan moved back to the center of attention of global financial markets. After two and a half decades of economic stagnation, hopes were high that Japan would escape its long stagnation and deflation. Plenty of economists...Sign Up for Our Publications
