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The Economist: Free Exchange

When banks die

MARIANA doesn’t really care who wins today’s referendum. The young pharmacist, working in a relatively poor part of Athens, has more pressing problems: she has been running out of medication fa...

Throwing more money at homeowners

Payday!IN APRIL, Britain's prime minister, David Cameron, who was then campaigning in the run up to the general election, said:That wish to pass something on is about the most basic, human and natu...

Greek tragedy

ANALYSING a country’s debt sustainability sounds dry and nerdy. But the analysis the IMF prepared for Greece in late June spells out the truly tragic consequences of the Greek electorate’s deci...

Is it working yet?

ALL work and low pay makes Uncle Sam a dull boy. Today's new job-market figures will not lift his spirits. Although new data published by the Bureau of Labour Statistics showed that lots of ne...

Capital punishment

ALTHOUGH Greece's banks are closed this week due to the country's brinkmanship with its creditors, there is at least some good news to be found in the European Union's other Greek-speaking member s...

Changing direction

WITH Greece teetering on the brink of exiting the euro area, the timing of the Bank of England’s twice-yearly update on financial stability was not ideal. As of two weeks ago, the outlook in the ...

Only God and Merkel

AS CAPITAL controls take hold in Greece and a referendum is set, the mood grows increasingly anxious in Athens

Can Mr Obama really help?

WHAT’S the easiest way to boost America's sluggish wage growth? President Barack Obama thinks that expanding overtime pay may be the answer. On June 30th details emerged of a new scheme in which ...

Panic!

ON OCTOBER 4th 1582 the Julian calendar was replaced by the Gregorian in many European countries. The following day was October 15th 1582. The change provoked chaos, as landlords demanded a full mo...

On the frontline with tourists

AS THEY boarded the 5:45am flight from London's Gatwick Airport to Athens in Greece this morning, holidaymakers were weighed down by more than just the usual excess luggage. With Greece's euro...