In my previous article, I described my experiences travelling through Italy on the 2015 International Study Program in Banking and Finance, which is managed by Monash University. Following this experience, I moved further north and crossed the Swiss Alps. Switzerland, I have come to learn, also has much stricter immigration
Since the Eurozone descended into despair in the aftermath of the Global Financial Crisis, Germany has awarded itself the position of chief economic lecturer. They have been quick to suggest and even quicker to impose deflationary and austere policies on countries in the region such as Greece, Italy and Spain,
The ominous threat of deflation has haunted the Eurozone ever since the global financial crisis in 2008. Recently, fear of an uncontrollable deflationary spiral has re-emerged as prices in many of the largest European economies continue to decline. In February consumer prices in Ireland had fallen by .1% for the
This article was featured as part of ESSA’s annual Equilibrium publication. The EU crisis has been painful for EU citizens and policy-makers alike. However, it’s not necessarily all bad news. With a long-term outlook, it is possible that the Eurozone could be stronger for the crisis. More specifically,
As students from Monash and Melbourne converged on the heart of Clayton campus for the inaugural ESSA Monash versus Melbourne Economics debate, the tension crackling in the air was palpable. For the Melbourne team, losing to the new kids on the block would be an irrevocable stain on their self-perception.
In an affirmation of the natural order of things, on Thursday night out at Monash University, the University of Melbourne team (composed of myself, 1st-year student Emad, and the incomparable Prof. Jeff Borland) took out a closely fought debate to determine whether the Eurozone has been a success or a
This past Tuesday (March 19th), the German-led Eurozone finance ministers and International Monetary Fund (IMF) offered Cyprus a €10 billion bail-out package. The catch is, this plan requires Cyprus to raise approximately €5.8 billion (almost one-third of Cyprus’ GDP) as its share of the bailout, by Monday (March 25th)