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Date: 13/09/2011
Author(s): Gual Solé, Jordi
Document type: Opinion
The IMF has recently suggested the recapitalisation of Europe’s banks as the most prudent way out of the continent’s economic crisis. This column argues that such thinking is based on a flawed analysis of the problem and is an unhelpful distraction at best. Europe is facing a crisis of government debt. The true problem of the Eurozone ...
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Date: 10/10/2011
Author(s):
Interviewee(s): Videla, Pedro
Document type: Interview (Video)
Three years on from the collapse of Lehman Brothers we continue to live in a world of high economic uncertainty, and at the heart of this uncertainty is the worsening growth of the main world economies and anticipated future recession due to the eurozone debt crisis. How can we climb out of the European debt mess? Greece will most likely ...
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Date: 30/09/2011
Author(s):
Speaker(s): Löscher, Peter
Document type: Session (Video)
Despite the widespread gloom about Europe and the euro, Peter Löscher, president and CEO of Siemens believes that "in reality we are talking about a confidence crisis. The real economy is stronger than the political discourse indicates".
Mr. Löscher was speaking at a special IESE Continuous Education session held on IESE's Barcelona campus ...
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Date: 08/10/2012
Author(s):
Interviewee(s): González-Páramo, José Manuel
Document type: Interview (Video)
The U.S. Federal Reserve and the ECB are playing a similar role in terms of supervision and contributing to financial stability, says José Manuel González Paramo. The Eurozone needs more fiscal and economic integration as it was established with almost no governance. However, the ECB does a lot more than simply print money as it has many more ...
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Date: 24/05/2012
Author(s):
Interviewee(s): Olsen, Morten
Document type: Interview (Video)
If, as seems increasingly likely, Greece defaults, this implies leaving the euro, says Prof. Morten Olsen. Both Russia and Argentina bounced back from defaults and the advantage of being able to devalue their own currency could help Greece, too. The big question is whether a Greek exit would lead to a loss of confidence in the Eurozone that ...
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Date: 16/09/2011
Author(s):
Interviewee(s): Vives Torrents, Xavier
Document type: Interview (Video)
Given the Greek economy's current solvency problems and the fear that the next countries to follow the same course will be Italy and Spain, many are calling for a common fiscal policy in the EU to achieve greater stability in the eurozone. IESE Prof. Xavier Vives discusses the issue in this interview.
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Date: 04/07/2012
Author(s):
Interviewee(s): Hardouvelis, Gikas
Document type: Interview (Video)
It’s true that the Greeks didn’t keep their part of the bargain but Europe should not have treated them so harshly because they have left the economy with no space in which to recover, says former Greek government economist Gikas Hardouvelis. The government didn’t want to tell the electorate they were living on borrowed time because they would lose ...
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Date: 04/07/2012
Author(s):
Interviewee(s): Díaz-Giménez, Javier
Document type: Interview (Video)
The €100 billion bailout doesn’t solve Spain’s problems, says Prof. Javier Díaz-Giménez. The labor market is weak and there are doubts that the government can meet its deficit targets. He says Spain should make Bankia its “bad bank” and dump all the other banks’ bad assets into it. Then it should go into liquidation.
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Date: 20/06/2012
Author(s):
Interviewee(s): Pastor Bodmer, Alfredo
Document type: Interview (Video)
Many voices are calling for an orderly break-up of the euro, says Prof. Alfredo Pastor, arguing that an amicable divorce would be better than a bad marriage. But Pastor says that dismantling the euro would have incalculable costs in both the short and long run and that re-establishing the exchange rate mechanism would require even more political commitment ...
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Date: 19/12/2011
Author(s):
Interviewee(s): Díaz-Giménez, Javier
Document type: Interview (Video)
It's not just a matter of Europe growing at multiple speeds; the real issue is whether the euro can survive should member countries start pulling out. IESE Prof. Javier Díaz-Giménez says the euro's survival is not guaranteed, particularly in light of unresolved problems, not only in Greece, but also in Ireland, Portugal, Italy and Spain. With such ...
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