Artists and satirists have long played around with currency. With fiscal uncertainty only on the up, artsy cash is becoming more and more prevalent.
Two faced? More tragedy than comedy in this Greek drama.
The draconian deal imposed by the Eurogroup is worse than a reparations settlement imposed on a defeated enemy.
Held by the throat.
A punitive deal which makes life hard for the Greek people and which sets dangerous precedents for the eurozone.
The Greek debt crisis is a complex economic and political issue. Here are five important points for understanding it better.
The cry from the streets.
Debt relief should not be a divisive bargaining tool. Better that it is a formal part of a structured approach to risks in a currency union.
Set in stone?
A Greek default and exit from the eurozone might cost the UK the odd billion here and there, but the real risks are in a nervous banking sector and the devastating potential of Brexit.
Blessed are the bean counters? New investment in Greece could drive development.
Investment for profit and development should lie at the heart of a solution for the imbalances in Greece and Europe.
Athens is the epicentre of a dangerous relationship.
A continent in shock; a country on the brink; and a model for punitive debt negotiations that serves no one but the banks.
Micro housing could be the solution to helping millennials afford a home.
Home change via www.shutterstock.com
I co-teach a freshman seminar at the University of Texas called “Debt: the Good, Bad and Ugly” that examines the different ways consumers borrow and spend. Do they reflect wise investments in the future…
A protest in San Juan against government cuts.
Puerto Rico's economic woes have led some analysts to compare it to Greece. Paradoxically, Puerto Rico's colonial status explains both its growth and the impending financial debacle.
The government will need to communicate clearly any changes to its optimistic economic forecasts.
Any backflip on the Federal Budget's highly optimistic growth forecasts will have tangible impacts on confidence and in turn, the economy.
Fighting the debt effect. Greece is struggling at every level.
A call to break with the leadership of Greece's ruling party has highlighted the futility of debt-led austerity and the burden it places on people on the wrong side of a banker's bad bet.
Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future.
AAP Image/Joel Carrett
Any forecast 40 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
Game for a fight? Varoufakis arrives in Brussels.
EU Council Eurozone
Yanis Varoufakis was supposed to have an academic advantage in tangled talks with the Troika. But politics can mess with the most careful plans.
A friendly reminder.
IOU from www.shutterstock.com
Despite its tendency to provoke anxiety-inducing debates in Congress and government shutdowns, the high level of US IOUs isn't a big deal.
How to stop bank CEOs rolling the dice.
Behind all the hand-wringing over financial executive pay is a desire to moderate risk-taking. Financial markets may already have the answer to hand.
It’s not all blue skies ahead for the Sunshine State’s economy, with declining gross domestic income per capita and higher unemployment than three years ago.
Queensland has a new Labor minority government, led by Annastacia Palaszczuk, after the shock defeat of the Liberal National Party. Labor’s pre-election promises were “modest”, leaving many now wondering…
Families with children are hit hardest by the policy.
Nick Potts/PA Archive
David Cameron has announced plans to reduce the annual benefits cap from £26,000 to £23,000 per year if the Conservative Party wins the general election in May. He argues that the cap saved public money…
Queensland’s debt: is it sky high, or under control? An economist shows what you need to know to judge for yourself.
How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
The longing of many debtors.
Kirsty Wigglesworth/PA Archive
Despite its role in bringing on the financial crisis, debt continues to plague many of us the world over (just ask the Greeks). In the UK the appetite for debt is undiminished, with the run up to Christmas…