I have been trying to break up the links posts because I have so many. So I have been writing brief theme posts to go with the links as I used to do when I had more time. I want to make this one short here and I have two topics to highlight.
The first topic is Italy and its leaving the EC's excessive deficit list. I brought this possibility up in my post on Italy earlier in the week. And I think this is pretty much a done deal now. All of the policy statements line up this way. Of note, Olli Rehn, who will be the chief EC minister presiding over this decision, has already said he is in favor of relaxing deficit targets. It is clear to me then that he favors the "medium-term fiscal consolidation" path that Mario Draghi was talking about at today's ECB press conference. And it also occurs t...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.