In the Ifo Viewpoint releases we present the Ifo perspective on topical issues in economic policy.
Munich, 9 July 2015 It is a shame that Greece was unable to manage its finances and is now slipping into chaos. But this outcome was inevitable and could not be permanently averted with loans from the international community. The Greek government was effectively bankrupt back in 2012, in what Details
Munich, 9. June 2015 Game theorists know that a Plan A is never enough. One must also develop and put forward a credible Plan B – the implied threat that drives forward negotiations on Plan A. Greece’s finance minister, Yanis Varoufakis, knows this very well. As the Greek government’s anointed Details
Munich, 3 June 2015 The capital markets have greeted the European Central Bank’s (ECB) loose monetary policy with euphoria. The prices of shares and property are shooting up to dizzying heights. The ECB seems to have stumbled across a magic formula for creating wealth from nothing. However, will this magic Details