Archive for November 30th, 2010

Ireland Bailout basics

November 30, 2010

 Actually there are no basics. It is a mishmash arrangement with multiple institutions involved.

The total plan amounts to EUR 85 bn (around USD 110 bn). Here is how the funds are arranged:

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Battered and beaten outlook for US economy and policy

November 30, 2010

Brad DeLong has a pretty depressing paper on the topic.

He says he is amazed to see US economy to reach such low levels despite having several tools in its policy kit to prevent this outcome. He could not imagine that politicians and policymakers will allow unemployment to reach 10% and do nothing about it.

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