USA Economy - How does the FOMC choose its interest rate decision - Speech by Stanley Fischer - FED

NEWS Release - Speech by Vice Chairman Stanley Fischer - At the Warwick Economics Summit, Coventry, United Kingdom  -February 11, 2017

"I'd Rather Have Bob Solow Than an Econometric Model, But ..."

Introduction: Econometric Models and a Eureka Moment

Eureka moments are rare in all fields, not least in economics.1 One such moment came to me when I was an undergraduate at the London School of Economics in the 1960s. I was talking to a friend who was telling me about econometric models. He explained that it would soon be possible to build a mathematical model that would accurately predict the future course of the economy. It was but a step from there to realize that the problems of policymaking would soon be over. All it would take was a bit of algebra to solve for the policies that would produce the desired values of the target variables.

EU Economy - We are now already seeing that concerns about the future profitability of banks are affecting their share prices. The euro area bank index fell by around 40% between August 2015 and August 2016.. - Yves Mersch - ECB

NEWS Release -  Behaving responsibly in a low interest rate environment: A central banker’s perspective - Speech by Yves Mersch, Member of the Executive Board of the ECB, Stiftung Marktwirtschaft: Expertentagung “5th Kadener Gespräch” -  Alveslohe, 10 February 2017

The policy of the European Central Bank (ECB) is often said to be at the root of the current problems in the banking and financial sector. Particularly in Germany, there’s the added accusation of monetary policy “expropriating” savers.

Ελληνική Οικονομία - Το χρέος είναι απαιτητό σε Ευρώ και αν δεν εξυπηρετείται κανονικά, τότε η χώρα μας θα απομονωθεί στη διεθνή κοινότητα, διακινδυνεύοντας το σύνολο των οικονομικών και κοινωνικών της επιτευγμάτων.. - ΣΕΒ

Απόσπασμα από το Εβδομαδιαίο Δελτίο για την Ελληνική Οικονομία από τον ΣΕΒ ..

Η έξοδος από το Ευρώ: Αναποτελεσματική, Ανεπιθύμητη, Ανέφικτη!

Τον τελευταίο καιρό γίνεται πάλι μια ανώφελη συζήτηση για την έξοδο της χώρας από την Ευρωζώνη ως μία λύση στην υποτιθέμενη «αδυναμία» μας να θέσουμε υπό έλεγχο τα δημοσιονομικά μας και τη βιωσιμότητα του χρέους. Η λύση αυτή είναι το ίδιο εξωφρενική με την πρόταση που κυκλοφορεί ότι κάποιος πολύ πλούσιος θα αποπληρώσει το ελληνικό χρέος!

Greek Economy - A possible participation by the IMF in a program, we have said repeatedly publicly that our strong preference is for a primary surplus target of 1.5 percent and that this should be accompanied by significant debt relief.. - Gerry Rice - IMF

Publication - Transcript - IMF Press Briefing

QUESTIONER: Gerry, I have a long question. I don’t do that often as you know. I’m sure you know that Mr. Regling in an article published today in the Financial Times argues that, and I quote, “If the agreed reform program is fully implemented, debt sustainability is within reach.” He also asked a question on the debt sustainability, namely why does the IMF come to a different conclusion? He gives the following answer: “The Fund has so far not been able to integrate into its analysis of Greece fundamental factors that set a member of the eurozone apart from other countries in the world.” What is your answer?

A timely finalisation of the second review is in everybody's interest - Jeroen Dijsselbloem - EU

Press Release -   Statement by the President of the Eurogroup Jeroen Dijsselbloem on Greece

Today the Greek minister of Finance, the institutions (European Commission, ECB, ESM and IMF) and I had a constructive meeting on the state of play of the second review

Greek Economy - The solution for Greece lies not in additional debt relief, but in the government implementing reforms so as to avoid delays in the issuing of the next tranche of the ESM loan . - Klaus Regling - ESM

NEWS Release - Greek debt levels are no longer cause for alarm  Op-ed by Klaus Regling, ESM Managing Director - Published in Financial Times, 9 February 2017

Greece has been under financial assistance programmes for almost seven years. There have been delays, concerns and real drama that brought the country close to leaving the eurozone.