Megan Greene

Megan Greene News

  • Greece Isn’t Turning the Corner

    Judging from the markets and English- speaking news media this week, Greece’s damaged economy has finally turned the corner. I doubt it.

  • ECB’s Parking Fees Show Its Weakness

    European Central Bank President Mario Draghi surprised markets and analysts last week by saying the central bank is open to an unconventional stimulus tactic: pressuring banks to lend by charging them a fee for parking cash at the ECB.

  • Germany Should End Austerity, Not Ireland

    Anti-austerity fever is sweeping Europe as policy makers decide the way to get from crisis to growth involves higher spending. Well, not so fast.

  • Slovenia Bailout Would Be Spanish-Cypriot Mongrel

    The ink on the provisional bailout agreement for Cyprus was hardly dry last month before bond markets shifted their attention to Slovenia, another small euro- area country with a banking problem. The Slovenian government’s borrowing costs subsequently shot up.

  • Cyprus Can Save Itself by Fleeing the Euro

    Cypriots sitting in the cafes here on Nicosia’s Ledra Street are asking one another if there isn’t an alternative to their island’s bailout.

  • Greece Will Suffer Less If It Leaves Euro Now: Megan Greene

    The mood on the ground in Athens has shifted palpably over the past few months. Everyone has firsthand stories of sorrow and bitterness to tell, as austerity measures bite. They speak of retired parents on rapidly shrinking pensions struggling to meet higher taxes and prices, or of young siblings with multiple masters degrees forced to work in call centers or cafes.

  • Greek Euro Exit Seen Possible in First Half by Roubini’s Greene

    Greece may quit the euro zone as soon as 2013’s first half, said Megan Greene, director of European economics at Roubini Global Economics LLC.

  • Euro Area Ruins Its Progress With Cyprus Deal

    There’s nothing like having part of your savings account confiscated overnight to make you feel that your money isn’t safe.

  • Cyprus’s Four Options to Avoid Banking Collapse

    The only thing worse than Cyprus accepting the rotten bailout program that European policy makers agreed on late last week was Cyprus rejecting it. Yesterday, the parliament voted decisively against the terms of the bailout, with 36 members opposing it, the ruling party abstaining and not a single vote in favor.

  • Fancy Footwear and Austerity Won’t Save Portugal

    Anyone still in need of proof that austerity isn’t fixing the euro area’s debt crisis should visit Portugal.

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