Pages

Monday, August 27, 2012

Budget

News                                                                                                                             
Washington Times | German economy minister rejects more time for Greece
Germany’s economy minister has rejected calls for Greece to get more time to implement economic reforms, saying in an interview Sunday that Athens needs to respect the bailout deal reached with its international creditors.
Market Watch | ECB weighs flexible yield targets for bonds: WSJ
European Central Bank officials are weighing a plan that would use flexible yield targets to hold down borrowing costs for struggling governments, without committing to explicit caps on yields that could pose a threat to the bank's balance sheet and independence, The Wall Street Journal reported Monday, citing an unnamed person familiar with the matter.

Blogs                                                                                                                             
EconLog | U.S. Federal Budget Cuts in the 1990s
I agree that it's harder to do in the United States. But the evidence that it can be done is right under our noses: it's called the 1990s.