Note: I wrote this last weekend and didn’t post it as I wasn’t quite happy with it. Since then, according to some side mentions in the German press, it does indeed look like the ECB will agree to debt restructuring in the Eurozone periphery countries (despite ongoing official speeches to the contrary). Apologies for the length – too busy to write a shorter blog post...
One way in which I’m justifying the fact that it’s been 77 days since I last wrote a blog post is the argument that it is valuable to leave the brain fallow for a while. I’m a big fan of “percolation” – raising an issue or question, then letting a day or so pass before returning to a detailed analysis of the issue. So I like to think that what’s been happening these past few months is a crucial period of percolation prior to some awesome, insightful blog posting.
Of course that might be true if I hadn’t been destroying brain cells through excessive travel, lack of sleep and a fair amount of whisky consumption. Worth it though – since I last posted I’ve been to two fascinating conferences in Estonia and Oxford, spent almost 3 weeks in Australia attending my little sister’s wedding and meeting great people in Adelaide, Brisbane and Sydney (not to mention attending a lot of late night phone conferences), and kicked off an exciting new project titled The Political and Economic Implications of Resource Scarcity. And I’ve enjoyed a fair amount of Springbank and Ardbeg, my two favourite whiskies along the way.
However of all the big things percolating in my brain over the last few months, the biggest is what’s going on around me here in Europe at the moment. Not sexist E. Coli, but rather Europe’s sovereign debt crisis that I’m worried is about to get less theoretical and more real in the form of a European banking crisis. Read More…