With fresh IMF warnings over Greece’s “unsustainable” debt, is the Eurozone crisis about to heat up again? Jennifer McKeown, chief European economist at Capital Economics, says Yes. The IMF’s renewed assertion that Greek public debt is unsustainable is little more than a statement of the obvious. But it suggests that the Fund will not contribute to the bailout as had been hoped, implying that Eurozone creditors will need to foot the bill [...]
As Nobel laureates slam Eurozone policy, will historians “tar and feather” its central bank? Jennifer McKeown, senior European economist at Capital Economics, says Yes. With the Eurozone’s feeble recovery grinding to a halt, and inflation dangerously close to zero, there is a clear case for the European Central Bank (ECB) to do all it can to stimulate the economy. Policies announced in June to offer more liquidity to banks [...]
