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My latest Børsen op-ed: "The euro is a fiasco"

My latest Børsen op-ed: "The euro is a fiasco"

If you read Danish or trust Google Translate then read my latest op-ed - "The euro is a fiasco" - in the Danish Business Daily Børsen here.

The Euro - A Fiscal Strangulation Mechanism (but mostly for monetary reasons)

The Euro - A Fiscal Strangulation Mechanism (but mostly for monetary reasons)

In my earlier post The Euro - A Fatal Conceit I argued that had the euro not be introduced and had we instead had freely floating exchange rates then "European taxpayers would (not) have had to pour billions of euros into bailing out Southern European and Eastern European government". Said in another way had we not had the euro then there would not have been a European "debt crisis" or at least it would have been significantly smaller.

The Euro - A Monetary Strangulation Mechanism

The Euro - A Monetary Strangulation Mechanism

In my previous post I claimed that the 'Greek crisis' essentially is not about Greece, but rather that the crisis is a symptom of a bigger problem namely the euro itself.

The Euro - A Fatal Conceit

The Euro - A Fatal Conceit

Imagine that the euro had never been introduced and we instead had had freely floating European currencies and each country would have been free to choose their own monetary policy and fiscal policy.

Greece versus Turkey: It's the exchange rate exchange rate regime stupid!

Greece versus Turkey: It's the exchange rate exchange rate regime stupid!

A history of political dysfunctionality, corruption, military coups, military conflict with a neighboring country, large current deficits and weak fiscal management.

"You are both gentlemen...or something" - debating Greece with Lorcan Roche Kelly

"You are both gentlemen...or something" - debating Greece with Lorcan Roche Kelly

This week I spoke at Camp Alphaville in London. It was good fun. Among other things I had great fun arguing with my good friend Lorcan Roche Kelly about Greece. As usual Lorcan and I do not agree on anytihing.

Hypermind prediction: Nearly 50% probability of Grexit in 2015

Hypermind prediction: Nearly 50% probability of Grexit in 2015

Have a look at the latest numbers from Hypermind's prediction market on the likelihood of Greece leaving the euro in 2015.

The race to default...is it time for 'Puerto Ricixt'?

The race to default...is it time for 'Puerto Ricixt'?

It has been characteristic about the Great Recession that so relatively few countries have defaulted given the scale of the financial distress and the slump in economic activity. But it now seems to be changing. Greece this weekend moved dramatically closer to a sovereign default and the Ukrainian government has signaled that it could effectively default in July.

We need a mechanism for sovereign debt crisis resolution

We need a mechanism for sovereign debt crisis resolution

In the future I will be writing a weekly column for the Danish business daily Børsen. The first column appears in today's edition of the newspaper (you can read the article in Danish here). International news outlets and newspapers interested a syndication deal on my new weekly column are welcome to contact me (lacsen@gmail.com).

Remember the "Corralito"? Lessons on Greece and Argentina from the New York Times

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