russia sanctions

Risk: Geography trumps Economy

WASHINGTON | By Pablo Pardo | Geopolitics have returned with a vengeance in Europe right when Barack Obama’s economist view of international relations seemed to be on track with the negotiations for the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP). The IMF warns that geopolitical risk is back on stage.

Credit expansion

To control credit expansion is tricky

MADRID | By Luis Arroyo | In his beautiful and easy-reading blog Fixing the Economists, Philip Pilkington recently posted about the difficulties of the monetary policy to stabilize the economy. The most interesting aspect is perhaps that his comments are based on old and forgotten economists who wrote very well and had clear ideas. In this case, he chooses Kaldor and Harrod, two smart Keynesians.

No Picture

Baring increases exposure to peripheral euro debt

LONDON | Andrew Cole, director at Baring Asset Management announced this week that the investment firm has expanded its purchase programme of Italian debt. Baring believes that European Central Bank interventions in the markets, improving liquidity available to European financial entities, have proven to act as a barrier against higher risk trends. Mr Cole said that euro zone economic forecasts look gloomy this year and will possibly remain weak in 2012,…