# Blog

Limits to the Greek bank run?

– the limits on political union define the limits on monetary union – An important question has emerged this week as regards the role of the ECB as a lender of last resort to banks in Greece. The press has wi...

17th February 2015 by Guntram Wolff 4115 views

# Interviews

France24: Semaine eco

Mon debat avec Natacha Valla et Olivier Berruyer sur France24, la semaine de l’eco. Première partie sur la Grèce. Deuxième partie sur la crise en Russie....

13th February 2015 by Guntram Wolff 1487 views

# Interviews

Griechenlandkrise: Interview mit Hessischer Rundfunk

Am 11. Februar 2012 habe ich für den Hessischen Rundfunk ein Interview zur Griechenlandkrise gegeben. Die Audiodatei ist hier: Copyright by hr-iNFO: http://www.hr-online.de/website/radio/hr-info/...

11th February 2015 by Guntram Wolff 1684 views

# Blog

A new start for Greece?

Greece’s new government under prime minister Alexis Tsipras – in power for not even two weeks – has had a rollercoaster ride. In the face of crisis, it has exercised brinkmanship. It unilaterally declared that it w...

11th February 2015 by Guntram Wolff 1846 views

# Blog

The Greek banking system: a tragedy in the making?

As the ECB has decided to discontinue allowing Greek government bonds to be used as collateral in normal ECB refinancing operations, attention is fully back on the Greek banking system.1)The European Central Bank’s Gover...

6th February 2015 by Guntram Wolff 2572 views

# Interviews

«Alexis Tsipras doit être conscient de ce qu’il peut ou non demander»

3rd February 2015 by Guntram Wolff 14389 views

# Blog

Greece and the euro area need a deal within days, not months

International press informs us that the Greek government believes it has weeks or perhaps months to negotiate a new deal with its creditors. The basic idea of the new Greek finance minister Yanis Varoufakis is that Greec...

2nd February 2015 by Guntram Wolff 2397 views

# Blog

The ECB has fired its bazooka

The ECB announced today an expansion of its asset purchases, to include securities issued by European agencies and institutions, as well as central government in the euro area. Purchases are intended to be continued unti...

22nd January 2015 by Guntram Wolff 2198 views

# Blog

The ECB’s bond-purchase dilemma

German opposition to government-bond purchases by the European Central Bank is solidifying ahead of the programme’s likely announcement on January 22. Elections in Greece that could bring a government that will seek to n...

21st January 2015 by Guntram Wolff 2268 views

# Blog

Die EZB ist verpflichtet, ihr Mandat zu erfüllen

Die Europäische Zentralbank (EZB) wird wohl am 22. Januar ein Ankaufprogramm für Staatsanleihen ankündigen. Die Sorgen über die Auswirkungen und die Effektivität des Programms sind groß. Die EZB muss vorsichtig die Koste...

19th January 2015 by Guntram Wolff 2508 views