felix salmon on the new greece plan (21/2)

See also Peter Nunns.

via http://twitter.com/genericpoints/status/146319903140495361 "People say that the EU was created to ensure there were no more wars in Europe but personally I think a West European centered WWIII was never a very likely eventuality. In any event the EU could have been set up with a much more limited objective, namely to end periodic outbreaks of tribalism and jingoisim. This is the real European curse, and this is what we are now facing in one country after another, as – with the local national press in the vanguard – each blames the other for causing the crisis, or for not reaching the much needed agreement to end it. The sad reality is that Europe’s leaders fiddle even as Rome is about to burn."

Are we really going to repeat — on a much larger scale — the very same mistake that Ireland made? Does no one in Europe realize that this is the single worst thing they can do?

Markets reflect underlying realities, and up until n

on what the fed does, or all central banks should do

great summary of the european crisis

excellent analysis of the greek referendum

romanticizing the financial crisis by an appeal to the narcissism of young american men.... barf

very good summary, economist cover story