World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Group
John Cochrane and other experts give a no-nonsense view of the bailouts and the financial crises facing Europe
12/02/2010
Insights that the real problem is short term debt financing. The need for the EU to insist on long tem debt financing for governments in Europe. The solution for this crisis is not in bailouts of Greece, Spain, Italy and so on, but to swap the short term debt for debt with longer term maturities, and for bondholders to take a haircut. Similiar to the Brady Plan for Latin America in the late 1980's. The bailout of Ireland in reality not a bailout of Ireland, as a bailout of German and British banks that made risky loans to Irish banks and the Irish government. The U.S. government's debt also tilted to short term debt and problems similar to European problems.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06.07.2013
'Contagion' and Other Euro Myths
Wall Street Journal 12.02.2010
As Ireland Flails, Europe Lurches Across the Rubicon
Wall Street Journal 12.27.2010
Running the euro zone: Pact of uncompetitiveness
Economist 02.12.2011
Wall Street Journal 03.11.2011
Europe Needs to Apportion Pain
Wall Street Journal 03.17.2011
The 'Brady Bond' Solution for Greek Debt
Wall Street Journal 06.29.2011
Plan for Greece Favors Creditors
New York Times 07.25.2011
Fear, Rumors Pummel Europe Bank Shares
Wall Street Journal 08.11.2011
Five Steps to Solving Europeâs Debt Crisis
New York Times 08.21.2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09.14.2011
Wall Street Journal 09.28.2011
German Bankers Argue Against Capital Plans
Wall Street Journal 10.14.2011
Germany Lowers Expectations for E.U. Summit
New York Times 10.17.2011
Most Greek bailout money has gone to pay off bondholders - The Washington Post
Washington Post 10.23.2011
Dexiaâs Collapse in Europe Points to Global Risks
New York Times 10.22.2011
European Officials Shaping Greek Rescue and Effort to Aid Banks
New York Times 10.22.2011
Italy Fears Rattle World's Investors
Wall Street Journal 11.10.2011
Merkel Party Seeks Euro Exit Policy
Wall Street Journal 11.15.2011
Europe's Currency Road to Nowhere
Wall Street Journal 11.29.2011
New York Times 11.28.2011
New York Times 12.01.2011
Dithering at the Top Turned EU Crisis to Global Threat
Wall Street Journal 12.29.2011
Deepening Crisis Over Euro Pits Leader Against Leader
Wall Street Journal 12.30.2011
Unemployment, Production Data Show Greece's Economy Worsening
Wall Street Journal 02.10.2012
Greek Bailout Gains Could Fade Fast
Wall Street Journal 02.10.2012
16 'Angry Parents' Lecture Greece
Wall Street Journal 02.11.2012
INTERVIEW: Ifo's Sinn: In Greece's Interest To Leave Euro Zone
Wall Street Journal 02.17.2012
Austerity Debate a Matter of Degree
Wall Street Journal 02.17.2012
Wall Street Journal 02.22.2012
Wall Street Journal 03.09.2012
At a Glance: Bond Deal Explained
Wall Street Journal 03.09.2012
Market Looks to Next Day of Reckoning
Wall Street Journal 03.10.2012
Greek Credit-Default Swaps are Activated
New York Times 03.09.2012
Next Time, Greece May Need New Tactics
New York Times 03.09.2012
IMF Report Offers Bleak Outlook for Greece
Wall Street Journal 03.16.2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03.19.2012
Wall Street Journal 03.19.2012
New York Times 04.26.2012
Wall Street Journal 05.18.2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
