Tag Archives: Euro

Options after the Greek vote: choosing the finger to bite

6 Jul

Greek voters may have though that they were voting on an immediate ending of the austerity. But that never was on offer, and difficult choices are just beginning with the vote. […]

New nuke in Hungary or joining euro – Which will come first?

26 Oct


The tender for one or two new nuclear blocks at the Paks site will be announced by early next year at the latest – at least according to the most recent news. This is a bit like calling a design competition for the Hungarian euro coins. But it costs much, much more. There are several reasons against a rushed nuke expansion: nuclear energy is expensive, and it seems that not only money, but electricity demand and project management skills are also lacking in Hungary. The exact terms of the tender remain unclear, as is the issue of who would apply given these conditions.


Eurozone crisis, Season 3, episode 4

12 Jun

“Banking union” is a backdoor to fiscal union. That is why it will not come any time soon. The Eurozone crisis is potentially worse than the Great Depression for peripheral countries (including Spain and Italy). Policymakers still underestimate the risks, to put it mildly.