Brexit: 7 Lessons to Draw

Brexit shows the primacy of politics and emotion over economic rational calculation. It is very difficult to understand the decision of British people otherwise. Britain, or what would be left of it after potential secession by Scotland and Northern Ireland, is likely to become a less open economy with a long-term decrease in productivity potentially. […]

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Greece: a quick summary

The recent victory of the leftist party Syriza and the defiant attitude of its Government towards its lenders (EU, BCI and IMF, the so called troika) has thrust Greece into the headlines once again. Here we look at the numbers (from Eurostat, 2013), the problems and the negotiation alternatives of both sides – the Greek […]