The following graph of Greek bank deposits over the past 10 years sheds light on what economic policies actually work, and what policies do not work, in this case, with respect to the confidence of bank depositors.


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When last I wrote on Greece, in 2012, there had just been elections that resulted in a change of power from the Panhellenic Socialist Movement - which had negotiated a government bailout and austerity package responsible for cutting the size of the Greek economy by one quarter - to New Democracy, which advocated a policy of growth through tax cuts ( Read more... )

The Greek election results are in, and the immediate takeaway is that a proeuropean coalition between New Democracy and the Panhellenic Socialist Movement is likely; those two parties were one short of the 151 parliamentary seats needed for a majority before, but have the seats now because New Democracy gained more seats than the Panhellenic ( Read more... )

Do you play video games? The press is convinced it will turn you into a mass murderer, despite research to the contrary ( Read more... )

In the U.S., when one state has a fiscal crisis - even when it's our largest state, California - we don't worry about the U.S. as a whole. What's different about Europe that the entire Eurozone is so concerned about the fiscal issues of a few of its states - Greece in particular?

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