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August 31, 2017
U.S. Foreign Policy
Signing Off
Today is my last day at the Council on Foreign Relations after eight and one-half fun and fulfilling years. An archive of everything I authored or co-authored remains here. Subsequently, this is the …
June 23, 2015
Europe and Eurasia
Greece and Its Creditors Should Do a Guns-For-Pensions Deal
IMF Chief Economist Olivier Blanchard has said that Greece needs to slash pension spending by 1% of GDP in order to reach its new budget targets. The Greek government continues to resist, arguing…
July 2, 2015
Europe and Eurasia
Greece Fallout: Italy and Spain Have Funded a Massive Backdoor Bailout of French Banks
In March 2010, two months before the announcement of the first Greek bailout, European banks had €134 billion worth of claims on Greece. French banks, as shown in the right-hand figure above, had…
April 16, 2014
Europe and Eurasia
Should the ECB Go on a Bund Buying Spree?
Should the European Central Bank finally join the Fed, the Bank of England, and the Bank of Japan and deliver a good, stiff dose of Quantitative Easing? Maybe, came the surprise response from the…
