RGE economist William Oman recently appeared on an Irish radio program to discuss the precautionary credit line that may be put in place when the country exits its bailout program in December 2013. The interview can be heard on RTE’s website.
William Oman, Economist for Western Europe and Finance & Banking at RGE, argues that a flawed narrative holds back more than just the euro crisis debate. What are the causes of the eurozone crisis? As basic as this question may be, European policymakers’ typical understanding of the causes of the crisis is incomplete at best. As […]
What does the ECB bond purchase program announced by Mario Draghi last Thursday have to do with French billionaire Bernard Arnault’s application for Belgian citizenship on Saturday? Both reflect a Gordian knot at the heart of the European Union that makes relatively straightforward solutions to the crisis elusive. This Gordian knot is, in turn, the […]
Athens to Madrid: back to you Following the June 17 elections, Greece seems set to be governed by a broad, awkward coalition formed by the center-right New Democracy party, its historical rival, the center-left Pasok, and several small parties. A consequence of this electoral outcome is that Greece is less likely to exit the eurozone […]