This article is the first in a two-part series on the Austerity/Growth debate. Part 1 focuses on the interaction between the IMF and Eurozone countries. The second will focus on the debate in China and the US.
The Cyprus Crisis is just another vivid example of how dysfunctional the Eurozone has become. It is hard to predict what will happen next. But there will be many more crises that ultimately lead to the breakup of the Eurtozone.
There is new evidence documenting the fact that when banks can sell their loans off, they make more loans of lower quality. To keep banks safe, I argue that they should be required to hold all their loans to maturity.
It does not pay for individuals to pick stocks. But some of us still do. For an interesting approach to picking stocks, you should take a look at Validea.