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Yves here. This post makes some important observations about how the elite levels of Greece engage in rent-seeking, aka corruption, and can continue those strategies even in the face of economic collapse, to the detriment to the rest of Greek society. It’s an important counter-frame because many accounts of what has

Published in Greece

HSBC threatened to relocate its headquarters outside the UK on Friday, a move floated by the Chairman Douglas Flint in response to "regulatory and structural reforms", including the requirement for banks to separate their investment arm from the retail divisions, which was instituted after the 2008 financial

Published in Markets and Banking

Icelandic officials are thinking about redefining money and ending banking as we know it, Agence France-Presse reports.

Iceland's prime minister commissioned a report from Frosti Sigurjónsson, a parliamentarian, that argues banks shouldn't

Published in Global Economy