Tags » European Financial Crisis

Unpayable debts and an existential EU financial crisis - Is the break-up of the euro now inevitable?

Central banks can go bust in a currency union. The Bank of Italy is flirting with danger, racking up €364bn in ECB liabilities that the Italian state cannot easily cover… 164 more words

Day 30, No. 30. Yanis Varoufakis

HAIRCUT 100: Day 30, No. 30. Yanis Varoufakis: academic, economist, author, biker, and probably the sexiest politician ever to have lived. Professor of Economic Theory at the University of Athens, Varoufakis was Greek Minister of Finance for seven months in 2015, ultimately choosing to resign rather than ‘surrender’ to the terms of the 3rd Greek Bailout by the EU-IMF troika, while it was also pretty clear that several powerful members were no longer willing to work with him. 197 more words

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