Book review - Határátkelés
The Polish Obserwator Finansowy has reviewed the recent book, Határátkelés, by László Lengyel and György Surányi.
Press
Interview with ECB President Mario Draghi - Spiegel
'We Couldn't Just Sit Back and Do Nothing'
In an interview with SPIEGEL, President of the European Central Bank Mario Draghi defends his euro crisis policies and promises to keep prices stable. He also says he's on Germany's side when it comes to encouraging reforms in the euro zone.
China plays hard ball - European Council of Foreign Relations
The recent appearance of China as potential saviour of the Eurozone is put in doubt by Francois Godement at the European Council of Foreign Relations.
Asserting political conditions in return for help is a risky game to play for China but Europe may not be united enough to withstand it, argues Godement.
Turkey vs Hungary - Financial Times
The Turkey-versus-Hungary comparison is perhaps the starkest example of the macroeconomic contrasts within the EEMEA region and also of the different policy responses of the respective central banks, writes Christian Keller of Barclays Capital.
Strength of Swiss Franc Roils Saint-Tropez and Other Cities Across Europe - WSJ
Like Saint-Tropez, many municipalities across Europe are saddled with loans carrying variable interest rates pegged to fluctuations in the Swiss franc, other foreign currencies or various commodity prices. Jittery investors have been turning en masse to the Swiss franc and other assets deemed as safe havens amid growing concerns over sputtering economic growth in the U.S. and Europe. The Swiss National Bank has battled to lower what it describes as a "massively overvalued" franc in recent weeks, flooding the Swiss franc market with liquidity and cutting interest rates to zero.
Life after Debt - Foreign Policy
There are two big reasons to think austerity will not work in 2011 the way it did in 1919 and 1945, writes James Macdonald in Foreign Policy. Foreign Policy, 18 August, 2011
Three Cheers for Decline - Foreign Policy
As the U.S. bond rating falls and the stock market plunges, the American Century looks to be well and truly over. While this has provoked no small amount of hand-wringing, Americans may soon come to enjoy no longer bearing the responsibility for running the world's indispensable nation. Three Cheers for Decline - by Charles Kenny Foreign Policy August 9, 2011
Kenneth Rogoff: 'Some European Countries Are Fundamentally Bankrupt'
Fears of a double-dip recession are growing following turmoil on the stock markets and Standard & Poor's downgrade of the US. In a SPIEGEL interview, Harvard economist Kenneth Rogoff criticizes President Obama for giving in to the Tea Party in the debt-ceiling negotiations and argues that the euro zone has to become a transfer union.
Timothy Garton Ash: Europe's crisis is China's opportunity
Economically, China is already a dynamic giant. Militarily, it is becoming one. Politically? Ah, that's another story.. Timothy Garton Ash The Guardian, June 23 2011