IOUs

According to the German Handelsblatt, German Finance Minister Wolfgang Schaeuble suggested the issuance of IOUs in Greece, during the Eurogroup, held on Sunday, July 12. Schaeuble is continuing to play in the “game” against Greece. After proposing the five-year Eurozone...

Yanis Varoufakis resigned from his finance minister post just a week ago and is already causing commotion away from the center of political and economic activity. Varoufakis gave an extensive interview to Harry Lambert for the NewStatesman, released on July 13, in which he...

The Greek Finance Ministry dismissed a recent news article, which claimed that the government was preparing to pay state pensions with IOUs. The Greek newspaper Kathimerini, noted that Greece’s General Accounting Office was preparing to issue a second currency (IOUs),...

Was the design of German monetary union flawed? Was it a mistake to adopt the euro? On the occasion of this historically important date, experts at DIW Berlin addressed these questions.

The resounding "No" in the Greek referendum on Sunday leaves the Greek banking systems and the Greek government in a bind. Without an extension of the ELA (Emergency Liquidity Assistance) by the ECB and despite the stringent capital controls, the...

The Greek government is working to boost liquidity in Greece as Greek banks remain closed after a NO vote win in a referendum that rejected a take-it-or-leave it deal offered by the country's creditors. Top Syriza officials told The Telegraph...

After Greece's big fat NO to the latest bailout deal, an economist argues that there is a third way out of the Greek disaster, and towards job creation, prosperity and debt repayment.

An interesting scenario regarding Greece’s future in the monetary union that has not been on the table so far was published today by Reuters. Citing unnamed Eurozone officials, the London-based news agency is saying that if a reforms-for-cash deal...