News
Bloomberg | Frozen Europe Means ECB Must Resort to ELA for Banks
The European Central Bank is trying to limit the flow of information about so-called Emergency Liquidity Assistance, which is increasingly being tapped by distressed euro-region financial institutions as the debt crisis worsens.
Econ Comments & Analysis
Businessweek | What a Return to the Drachma Really Looks Like
From a distance, returning to the drachma seems like a great solution for Greece. Economists such as New York University’s Nouriel Roubini say that by quitting the euro, Greece would seize control of its fate.
Blogs
WSJ | Fed’s Dudley Doesn’t See Need for More Easing
Expectations for U.S. economic growth, while “pretty disappointing” at around 2.4%, is sufficient to keep the central bank from easing monetary policy, Federal Reserve Bank of New York President William Dudley said.
