From Robert Peston: Perhaps more importantly, and at the risk of repeating myself, the downgrades increase the dependence of the big banks on finance from the European Central Bank and for the economic recovery of the eurozone, that’s a very bad…
15 JanuaryThis sort of isn’t the essence of the European financial situation, but at least an important part of the back drop is the objectively terrible economic performance of Italy over the past 10 years: Italy also has slow population growth and low wor…
24 OctoberPlanet Money interviews Nassim Taleb, who recently participated in a Freakonomics quorum on financial reform, for its Deep Read series. Taleb compares the developed world???s dependence on debt to drug addiction: ???What???s worse, the period in which h…
23 August