Bertie's legacy

By: Alan Ahearne, Bruegel and NUI Galway

As Bertie Ahern's ten-year tenure comes to an end, so does Ireland's extraordinary economic boom.

House prices have 30-40% more to fall

By: Wolfgang Münchau

Here is an interview with me on CNBC on the housing market situation in western Europe and the US.

So how about this rate increase?

Believe it or not: The ECB policy stance is not neutral anymore. The central bank is more likely to raise interest rates now than to cut them.

Ten reasons to leave the euro-dollar exchange rate alone

We have been hearing a lot of anguished comment about the euro-dollar exchange rate. Here are ten reasons why we should leave the euro/dollar exchange rate alone.

A Run on America

This crisis will mean three things: the end of the US as the world sole economic superpower; the end of the dollar as the global reserve currency, and its replacement by the euro; and the de facto end of Anglo-Saxon transaction-based financial capitalism.

Forget about Q2

Forecasters are underestimating the rising importance of monetary analysis in the ECB's decision making framework. A rate cut is not very likely.

Who would have thought that?

The euro area economy turned out to be quite resilient during Q4, while the US was already heading for recession. We stick with our view that a rate cut is definitely not on the agenda for quite some time to come.