Since the housing bubble popped in Spain, unleashing one of the deepest recessions in memory, the nation’s public debt has more than doubled, to nearly 100% of GDP. Because of the way the law regarding mortgage defaults operates the collapse in the property market has had a devastating effect on many hundreds of thousands of […]
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Featured Articles
Rethinking the European Union: Part One
What is happening in China?
Cheap oil and the political economy of Russia
Global debt and the great rebalancing
Thinking about China
One bank to rule them all: The ECB and European democracy
Can Europe rely on large primary surpluses to solve its debt problem?
Ordoliberalism and the European Project
Why the German trade surplus is a big problem
Too big to bail – how the banks crashed the eurozone
Reasons to be cheerful
Germany’s Role in the Eurozone Crisis
The Feckless and the Prudent: or why your surplus is the same size as my deficit
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