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UK interest rates on hold until autumn 2016, City predicts - The Guardian

UK interest rates on hold until autumn 2016, City predicts - The Guardian | Economics in Education | Scoop.it
Global stock market turmoil and fears about China raises the prospect of historically low borrowing costs staying in place for longer than expected

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Global market turmoil makes planned interest rate rise 'less compelling'

Global market turmoil makes planned interest rate rise 'less compelling' | Economics in Education | Scoop.it
US markets lose gains made in early trading as Federal Reserve policymaker says outlook on September interest rate rise has changed

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Graham Watson's curator insight, August 26, 3:29 PM

Thank goodness we've got people like Bill Dudley, president of the New York Federal Reserve, to make statements such as this. If he hadn't have said it, who would have guessed....

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Eurozone condemned to permanent crisis without reforms

Eurozone condemned to permanent crisis without reforms | Economics in Education | Scoop.it
Single currency will not become a "United States of Europe" as countries deal with the scars of the current crisis, former Brussels chief Olli Rehn warns

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Graham Watson's curator insight, August 23, 6:15 PM

I can't think why the Daily Telegraph would carry this sort of article: it won't play well with the Telegraph's readership, I'll wager. The fact that the website chooses to highlight the following: “There is not much political appetite for a 'United States of Europe’ for the moment or for the foreseeable future."

 

I'm sure that Telegraph readers will be up in arms...

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Will UK Interest Rates Remain Low? - The Market Mogul

Will UK Interest Rates Remain Low? - The Market Mogul | Economics in Education | Scoop.it
interest rates are currently still at an all time low of 0.5 %, which was implemented by the Bank of England with the intention of stimulating spending in a
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More UK households expect interest rate rise - BBC News

More UK households expect interest rate rise - BBC News | Economics in Education | Scoop.it
The majority of UK households now expect an interest rate rise within 12 months, an influential survey says, while a Bank of England policymaker predicts they will go up "pretty soon".

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Graham Watson's curator insight, August 19, 10:36 AM

UK households aware of economic and business news shocker...

 

Well, I never. But given the growing numbers taking the subject at A-Level and university, is this really that surprising?

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Why Mark Carney shouldn’t rush to play the rate-rise card

Why Mark Carney shouldn’t rush to play the rate-rise card | Economics in Education | Scoop.it
With UK households among the most indebted in any major economy, even a modest increase in interest rates would have a huge impact

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Graham Watson's curator insight, July 20, 7:40 AM

Heather Stewart makes a case for caution regarding future interest rate increases and whilst I can see her point in many regards, I don't buy the debt argument. What on earth was the financial crisis about for the average household, if it wasn't a shot across the bows, effectively warning them that they can't expect to simply afford a lifestyle beyond their means via borrowing?

 

However, there's lots to get your teeth into: notably the complexity of interest rate formulation, the nonsense that was forward guidance and, I suspect, increasing cynicism regarding the 'rock star central banker' that is the current Governor of the Bank of England.

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The sooner Greece leaves the euro, the better - Spectator.co.uk (blog)

The sooner Greece leaves the euro, the better - Spectator.co.uk (blog) | Economics in Education | Scoop.it
Ten years ago, the Greek minister Yainnos Papantoniou came to London to give a talk at the London School of Economic on the country’s first four years as a member… Continue reading
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Greek debt crisis: IMF says extra 50bn euros needed - BBC News

Greek debt crisis: IMF says extra 50bn euros needed - BBC News | Economics in Education | Scoop.it
Greece will need an extra 50bn euros ($55bn) over the next three years to stabilise its finances under the existing, disputed bailout plans, the International Monetary Fund (IMF) says.
The IMF also cut its forecast for Greek economic growth from 2.5% to zero.
And it repeated its earlier suggestion that Greece needed debt relief in the form of extended repayment periods and lower interest rates.
The report comes ahead of Sunday's referendum on existing bailout terms.

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Politics rather than economics likely to seal Greece's fate in euro zone - Irish Times

Politics rather than economics likely to seal Greece's fate in euro zone - Irish Times | Economics in Education | Scoop.it
US intervention shows geopolitical importance of Greek’s EU membership
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Joseph Stiglitz: Backing Greece into a corner serves no one

Joseph Stiglitz: Backing Greece into a corner serves no one | Economics in Education | Scoop.it
Europe should abandon damaging demands and work with Greece for all our sakes

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Greece spells out terms for debt crisis 'breakthrough' - BBC News

Greece spells out terms for debt crisis 'breakthrough' - BBC News | Economics in Education | Scoop.it
Greece proposes new taxes on businesses and the wealthy as part of plans to end the deadlock on its debt crisis, amid hopes of a deal this week.
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A Greek capitulation: Has Alexis Tsipras finally crossed Syriza's 'red lines'?

A Greek capitulation: Has Alexis Tsipras finally crossed Syriza's 'red lines'? | Economics in Education | Scoop.it
After five months of deadlock, the chances of a bail-out extension for Greece are finally on the horizon. But what has the Greek prime minister really put on the table?
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IMF praises euro zone policy but warns on future | Reuters - Reuters UK

IMF praises euro zone policy but warns on future | Reuters - Reuters UK | Economics in Education | Scoop.it
The International Monetary Fund said on Thursday the euro zone is in the midst of a recovery, boosted by a weaker currency, low oil prices, and the central bank's loose monetary policy.Even risks
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Future of the euro | FT Comment - YouTube

Martin Wolf reviews ‘Europe’s Orphan’ by Martin Sandbu


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Graham Watson's curator insight, August 27, 5:02 AM

This is an excellent introduction to the Euro crisis in historic context; I haven't read the book, but Martin Sandbu's central hypothesis seems sound and thus his prediction that the governments of Europe are going the wrong way about solving the Eurozone's problems is somewhat worrying.

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Tories must demand the truth about the EU - Telegraph.co.uk

Tories must demand the truth about the EU - Telegraph.co.uk | Economics in Education | Scoop.it
The renegotiation of membership terms with the EU is an illusion. Conservatives must hold David Cameron to account
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What will happen to your mortgage repayments when interest rates rise?

What will happen to your mortgage repayments when interest rates rise? | Economics in Education | Scoop.it
Find out what will happen to monthly outgoings if interest rates rise by 0.5 percentage points a year
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The great EU debate: Should Britain vote 'in' or 'out' in Cameron's referendum?

The great EU debate: Should Britain vote 'in' or 'out' in Cameron's referendum? | Economics in Education | Scoop.it
WHETHER Britain remains a member of the European Union will be decided by a referendum promised before the end of 2017.
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Low pay, low inflation and low interest rates? This is not 1975

Low pay, low inflation and low interest rates? This is not 1975 | Economics in Education | Scoop.it
The debate over an interest rate hike labours on in both the UK and the US, but static pay and minimal inflation means ultra-low rates are staying put

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Graham Watson's curator insight, August 17, 6:20 AM

Larry Elliott draws parallels between the situation in the mid-1970s and today - but also points out the differences too. I like the analysis of the labour market - splitting it into the private and public sector and suggesting that the former is in the process of a voluntary incomes policy.

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Huge costs of Greece staying in or quitting euro - BBC News

Huge costs of Greece staying in or quitting euro - BBC News | Economics in Education | Scoop.it
Any solution to Greece's banking and economic crisis will heap huge costs on it and its eurozone creditors.

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Graham Watson's curator insight, July 6, 5:16 AM

Robert Peston on the practicalities of the Greek drama in the aftermath of last night's unanimous 'No' vote. And a lovely dilemma - 'in' or 'out' at great cost to both Greece and the Eurozone...with particular implications for the largest creditor - Germany.

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Buy-to-let could pose a threat to UK economy, warns Bank of England - Telegraph.co.uk

Buy-to-let could pose a threat to UK economy, warns Bank of England - Telegraph.co.uk | Economics in Education | Scoop.it
Risks could be amplified as Britain prepares to raise interest rates for the first time since the financial crisis
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Greece's creditors need a dose of reality – this is no time for European disunion - The Guardian

Greece's creditors need a dose of reality – this is no time for European disunion - The Guardian | Economics in Education | Scoop.it
It cannot benefit Europe to have a country on its periphery alienated from its neighbours, especially during this period geopolitical volatility
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Interest rates rise could derail recovery, Bank of England economist warns - The Guardian

Interest rates rise could derail recovery, Bank of England economist warns - The Guardian | Economics in Education | Scoop.it
Andy Haldane will use a speech on Tuesday to caution his fellow rate-setters at the Bank against rushing to tighten borrowing costs
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Why bankers believe Greece will do a deal with its creditors - BBC News

Why bankers believe Greece will do a deal with its creditors - BBC News | Economics in Education | Scoop.it
Bankers expect the Greek government to do a deal with creditors, in the face of all present obstacles, because the consequences of failure are too dire to contemplate.
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How did the Greek economy get into such a mess?

How did the Greek economy get into such a mess? | Economics in Education | Scoop.it
Greece needs to repay a €1.6 billion loan to the International Monetary Fund by the end of the month, or face leaving the euro. How did it come to this?
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These are the 2 main points of contention in the Greek debt saga

These are the 2 main points of contention in the Greek debt saga | Economics in Education | Scoop.it
Pensions and the value-added tax rate are the main sore points between Greece and its creditors.
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