Archive for July, 2015
The Consequences of Greece
It seems that the more important casualties of the Greek situation will be the still remarkably opaque transfer mechanisms that are needed in order to keep any monetary union together. It should be remembered that even ‘successful’ monetary Unions –…
Italy’s revival
Lower oil prices and an improvement in the auto sector have led to a small rebound in the Italian economy. There are concerns that as the boost in the economy from the oil industry fades, so too may much of…