# Blog

A tale of floods and dams

– comparing the Greek and Bulgarian balance of payment and fiscal performance “Fortune can be compared to a river that floods, destroying everything in its way. But when the weather is good, people can prepare dams...

19th March 2015 by Guntram Wolff 4153 views

# Interviews

A reply to the questions raised by Jean-Claude Juncker on euro area governance

The European Commission President published an analytic note together with the European Council, ECB, euro area Presidents raising a number of questions on euro area governance. Europolitics asked me to provide short ans...

18th March 2015 by Guntram Wolff 4655 views

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# Publications

Euro-area governance: what to reform and how to do it

The Issue: Reform of the governance of the euro area is being held back by disagreement on what is at the root of the euro area’s woes. Pre-crisis, the euro area suffered from the built-up of financial imbalances, price ...

27th February 2015 by Guntram Wolff 3580 views

# 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 4378 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 1729 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 1907 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 2092 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.[ref]The European Central Bank’s Go...

6th February 2015 by Guntram Wolff 3006 views

# Interviews

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

3rd February 2015 by Guntram Wolff 16282 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 2670 views