Myths and facts of the Euro crisis part 4 – how to save the Euro – an analysis by João Madeira

As shown in the previous text the run on bank deposits and sovereign debt of periphery countries justified the need for an intervention to change the negative expectations in debt markets and to help interest rates converge to the good equilibrium (governments pay lower interest rates and repay their debts). The creation of the EFSF […]

Myths and facts of the Euro crisis part 1 – an analysis by João Madeira

The Euro crisis is maybe the most important economic question of the moment. Despite being a highly debated matter, I think that the discussion hasn’t always been the best for it has been too coloured by political sympathies and national pride. In my view, the facts should be the basis of the debate. After all, […]