Willem Buiter: Euro Area and EU Issues

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1. "Making the Best of a Bad Brexit." Project Syndicate, 27 December 2019.
   
   
2. "Italian Bills of Treasury - Maxi Trouble for the Eurosystem?" With Giada Giani. Citi. Citi Research, Economics, Western Europe Economics View, 1 July 2019.
   
   
3. "Did EU Membership Bring Economic Benefits for CESEE Member States?" With David P. Lubin. In Istvan P. Szekely, Faces of Convergence. E-book: Vienna Institute for International  Economic Studies, May 2019.
   
   
4. "Sovereign Risk: Italy v. US." With Dana Peterson. Citi. Citi Research, Economics, Global Economics View, 19 December 2018.
   
   
5.  "The Future of the Eurozone: Saving the Eurosystem from Itself." Citi. Citi Research, Deep Dive, Economics, Global Economics View, 2 July 2018.
   
   
6. "Italian Banks: Are We Nearing a Decisive Solution? We Doubt It." With Giada Giani, Guillaume Menuet et. al. Citi Research, Economics, Developed Markets, Western Europe, Italy Economics Flash, 6 July 2016.
   
   
7. "Who's Next? EU Political Risks After The Brexit Vote." With Ebrahim Rahbari, Tina M. Fordham et. al. Citi Research, Economics, Global, Global Economics View, 2 July 2016.
   
   
8. "Brexit and the H2 Outlook: Break-Up and Break-Down." With Ebrahim Rahbari and Cesar Rojas. Citi Research, Economics, Global, Global Economics View, 30 June 2016.
   
   
9. "Voters Back Brexit: Political, Economic and Market Implications." With Tina M. Fordham et al. Citi Research, Politics, Global, Global Political Focus, 24 June 2016.
   
   
10. "The Implications of Brexit for the Rest of the EU." With Ebrahim Rahbari and Christian Schulz. VoxEU, 2 March 2016.
    
    
11. "Hubris in Frankfurt?" With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 24 December 2015.
    
    
12. "What Does the ECB Have To Lose on Greece? (And a Refresher on ELA and Target2)." With Ebrahim Rahbari and Antonio Montilla. Citi Research, Economics, EMEA, Global Economics View, 30 July 2015.
    
    
13. "Why Greece's Third Bailout Will Probably Fail (Eventually)." With Guillaume Menuet, Antonio Montilla, Tina M Fordham, Ebrahim Rahbari, Tiia A Lehto, Michael Saunders and Ann O'Kelly. Citi Research, Economics, Developed Markets, Western Europe, Euro Economics Weekly, 17 July 2015.
    
    
14. "Greece Meeting Marathon Delivers Fragile Compromise." With Guillaume Menuet, Ebrahim Rahbari, Tina M Fordham, Antonio Montilla, Michael Saunders and Tiia A Lehto. Citi Research, Economics, EMEA, Global Economics View, 13 July 2015.
    
    
15. "ECB: Mostly (But Not All) About Greece."With Guillaume Menuet, Antonio Montilla, Ebrahim Rahbari, Michael Saunders and Ann O'Kelly. Citi Research, Economics, Developed Markets, Western Europe, 10 July 2015.
    
    
16. "A Bridge to Grexit—Making Grexit our Base Case." With Ebrahim Rahbari, Guillaume Menuet, Tina M Fordham, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 8 July 2015.
    
    
17. "It's Time to Break the Never-ending Cycle of Crises in Greece." With Ebrahim Rahbari, Tina M Fordham, Guillaume Menuet, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi GPS: Global Perspectives & Solutions, Opinion, 6 July 2015.
    
    
18. "Greek Referendum—Fearing Grexit, Preparing for Grimbo." With Tina M. Fordham, Guillaume Menuet, Ebrahim Rahbari, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 5 July 2015.
    
    
19. "What if Grexit Really Happens." With Ebrahim Rahbari, Jeremy Hale, Graham Bishop, Guillaume Menuet, Tina M Fordham, Antonio Montilla and Michael Saunders. Citi Research, Economics, EMEA, Global Economics and Macro Strategy Focus, 2 July 2015.
    
    
20. "Greek Referendum: Scenarios and Implications." With Ebrahim Rahbari, Guillaume Menuet, Tina M. Fordham, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 2 July 2015.
    
    
21. "Alert: Sunday Referendum to Proceed: Can We Read the Greek Vox Populi?" Tina M. Fordham, With Ebrahim Rahbari, Guillaume Menuet, Antonio Montilla, Tiia A. Lehto. Citi Research, Politics, Global, Global Political Insights, 1 July 2015.
    
    
22. "Higher Grexit Risk: What Could the Policy Response Be?" With Ebrahim Rahbari, Guillaume Menuet, Tina M. Fordham, Antonio Montilla and Michael Saunders. Citi Research, Economics, EMEA, Global Economics View, 30 June 2015.
    
    
23. "Greece: What's Next?" With Tina M. Fordham, Guillaume Menuet, Ebrahim Rahbari, Antonio Montilla, Michael Saunders and Harvinder Sian. Citi Research, Economcs, EMEA, Global Economics View, 28 June 2015.
    
    
24. "There is a Way Past the Insanity Over Greece." With Ebrahim Rahbari. Financial Times, Opinion, 21 June 2015.
    
    
25. "What next for Greece?" With Guillaume Menuet, Antonio Montilla, Ebrahim Rahbari, Michael Saunders and Anne Kelly. Citi Research, Economics, Developed Markets, Western Europe, Euro Economics Weekly, 5 June 2015.
    
    
26. "Greece: Running Out of Money, Ideas, Time and Patience." With Ebrahim Rahbari, Guillaume Menuet and Antonio Montilla. Citi Research, Economics, Developed Markets, EMEA, Global Economics View, 21 April 2015.
    
    
27. "The Euro Area: Monetary Union or System of Currency Boards?" Citi Research, Economics, Global Economics View, 19 March 2015.
    
    
28. "Inflation in the Eurozone: Why has Demand Management Failed So Badly?" Panelist's remarks for Current Perspectives on Unemployment and Inflation in the Euro Area and Advanced Economies, 22 May 2015. Second ECB Forum on Central Banking. Sintra, Portugal, 21–23 May 2015. Video recordings of all sessions can be found on the Sintra Forum website. The conference volume, Inflation and Unemployment in Europe. Sintra, Portugal: European Central Bank, Eurosystem, 2015, can be found here.
    
    
29. "Could Europe Recognize a Sensible Syriza?" With Ebrahim Rahbari. Times, Comment, 11 February 2015.
    
    
30. "Did the SNB Score anOown goal? Francly, Yes." Citi Research, Economics, GEMS, Global Economics View, 16 January 2015.
    
    
31. "Four Rescue Measures for Stagnant Eurozone." Financial Times, Markets Insight, 30 October 2014. See also here.
    
    
32. "Stumbling Towards Banking Union." With Ebrahim Rahbari and Antonio Montilla. Citi Research, Economics, Global, Global Economics View, 21 October 2014.
    
    
33. "Secular Stagnation Risk for EU and Japan." Financial Times, Markets Insight, 23 September 2013. Should have been EA (euro area), not EU, but editors ....
    
    
34. "The Euro Area Crises Are by No Means Over." With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 11 June 2013.
    
    
35. "Europe: The light at the end of the tunnel is still two or three years away." Citi GPS (Global Perspectives and Solutions), Opinion Articles, 10 May 2013.
    
    
36. "Eurozone Crisis Demands Swift Debt Restructuring." Financial Times, Markets Insight, 8 May 2013.
    
    
37. "Cyprus is Systemically Important: It Changed the Rules of the Game." With Ebrahim Rahbari, Giada Giani and Juergen Michels. Citi Research, Economics, Global, Global Economics View, 10 April 2013.
    
    
38. "The Euro Area RecoveryStarts with Cyprus." With Ebrahim Rahbari, Juergen Michels, Giada Giani and Guillaume Menuet. Citi Research, Economics, Global, Global Economics View, 18 March 2013.
    
    
39. "Greece Far From Safe Even After Debt swap." With Ebrahim Rahbari. Financial Times, February 13/14, 2012.
    
    
40. "New and Old Risks in the Euro Area." With Ebrahim Rahbari. Citi Resarch, Economics, Global, Global Economics View, 6 February 2013.
    
    
41. "Target2 Redux: The Simple Accountancy and Slightly More Complex Economics of Bundesbank Loss Exposure Through the Eurosystem." With Ebrahim Rahbari, CEPR Discussion Paper No 9211, November 2012.
    
    
42. "Target2 Redux: The Simple Accountancy and Slightly More Complex Economics of Bundesbank Loss Exposure through the Eurosystem." Citi Research, Economics, Europe, Global Economics View, 16 October 2012.
    
    
43. "Euro Faces Exit of the Strong." (bad title, not mine!) Financial Times, Markets Insight, 15 October 2012.
    
    
44. "Three Bits of Good News and One Piece of Bad News for the Euro Area." Citi Research, Economics, Europe, Global Economics View, 24 September 2012.
    
    
45. "Zwaluwen boven de Eurozone." Me Judice, Economen in Debat (11 October 2011). Shortened Dutch version of "Three Bits of Good News and One Piece of Bad News for the Euro Area." Citi Research. Economics, Europe. Global Economics View. (24 September 2012).
    
    
46. "Three Unintended Consequences of Banking Union." Citi Research, Economics, Europe, Global Economics View, August 2, 2012.
    
    
47. "What's Next for Spain and Italy?" With Ebrahim Rahbari. Citi Resarch, Global Economics View, 25 June 2012.
    
    
48. "Race to Save the Euro Would Follow 'Grexit'." Citi GPS: Global Perspectives & Solutions | Opinion, 22 June 2012.
    
    
49. "Race to Save Euro Will Follow 'Grexit'." Financial Times, Markets Insight, 21 June 2012.
    
    
50. "Greek Elections, Tale II: Euro Vision or Drachma Nation?' With Tina Fordham and Ebrahim Rahbari. Citi Resarch, Global Political Insights, 15 June 2012.
    
    
51. "The New Euro Zone Political Geometry: What Economic and Market Implications?,' With Tina M. Fordham and Jonathan Stubbs. Citi Research, Global Political Insights, 14 May 2012.
    
    
52. "'Grexit' Back in the Spotlight,' With Ebrahim Rahbari, Citi Economics, Global Economics, Global Economics Flash, 10 May 2012.
    
    
53. "Spain: Prospects and Risks." Citi Economics, Global Economics, Global Economics View, 28 March 2012.
    
    
54. "Looking into the deep pockets of the ECB,' With Ebrahim Rahbari, Citi Economics, Global Economics View, 27 February 2012.
    
    
55. "Why Does the ECB not Put Its Mouth where its Money is? The ECB as Lender of Last Resort for Euro Area Sovereigns and Banks." With Ebrahim Rahbari. Citi Economics, Global Economics, Global Economics View, 27 February 2012.
    
    
56. "Is the Eurozone At Risk of Turning Into The Rouble Zone?" With Ebrahim Rahbari, Citi Economics, Global Economic Outlook and Strategy, 22 February 2012, pp. 6–11.
    
    
57. "Wordt de Eurozone een Roebelzone?"Me Judice, Economen in Debat, 15 February 2012.
    
    
58. "Is the Eurozone at Risk of Turning into the Rouble Zone?" Citi Economics, Global Economics View, 13 February 2012.
    
    
59. "Rising Risks of Greek Euro Area Exit." With Ebrahim Rahbari, Citi Economics, Global Economics View, 6 February 2012.
    
    
60. "What Happens if the Euro Collapses?" Citi GPS: Global Perspectives & Solutions, 8 December 2011.
    
    
61. "The Terrible Consequences of a Eurozone Collapse." Financial Times, December 7, 2011.
    
    
62. "Will the December 9th Deal Be Enough?" Citi Economics, Global Economics View, 5 December 2011.
    
    
63. "EMU Crisis Outlook: Lender of Last Resort on the Way." With Ebrahim Rahbari, Juergen Michels and Guillaume Menuet. Citi Economics, Global Economics View, 28 November 2011.
    
    
64. "Greek Spanner in Euro Works." With a long list of co-authors. Citi Macro Analysis, Equities, 1 November 2011.
    
    
65. "EFSF Needs Bigger Bazooka to Maximise its Firepower." Financial Times, October 31, 2011.
    
    
66. "Why we Should not Panic if Deep Greek Sovereign Debt Restructuring Triggers CDS." With Ebrahim Rahbari. Citi Economics, Global Economics View, 26 October 2011.
    
    
67. "Can Sovereign Debt Insurance by the EFSF be the 'Big Bazooka' that Saves the Euro?" With Ebrahim Rahbari. Citi Economics, Global Economics View, 18 October 2011.
    
    
68. "Euro Area: Still Too Early For A 'Grand Plan',' With Juergen Michels, Giada Giani and Ebrahim Rahbari. Citi Economics, Europe, 28 September 2011.
    
    
69. "Wie Faalt Betaalt: Een Derde Weg Voor de Eurozone." With Ebrahim Rahbari. Me Judice, Economen in Debat (22 September 2011).
    
    
70. "A Greek Exit from the Euro Area: A Disaster for Greece, a Crisis for the World." Citi Economics, Global Economics View, 13 September 2011.
    
    
71. "The Future of the Euro Area: Fiscal Union, Break-up or Blundering Ttowards a 'You Break it You Own it Europe." With Ebrahim Rahbari. Citi Economics, Global Economics View, 9 September 2011.
    
    
72. "Europe: Fear and Panic Make Poor Counsellors." Citi Economics, Global Economics View, 12 August 2011.
    
    
73. "Why Spain and Italy are Under Attack and How to Defend Them." Citi Economics, Global Economics View, 3 August 2011.
    
    
74. "The Implications of Intra-Euro Area Imbalances in Credit Flows." With Ebrahim Rahbari and Juergen Michel. CEPR Policy Insight No. 57, August 2011.
    
    
75. "Blundering Towards a 'You Break it You Own It' Europe." Financial Times, August 1, 2011.
    
    
76. "Buying Time for the Euro: A Proposal." With Juergen Michels, Ebrahim Rahbari and Giada Giani. Citi Economics, Global Economics View, 20 July 2011.
    
    
77. "TARGETing the Wrong Villain: A Reply." With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 5 July 2011.
    
    
78. "Trade Transformed - Following the Rise of EM Trade until 2050,' With Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy, Global Economics Essay, 22 June 2011.
    
    
79. "TARGETing the Wrong Villain: Target2 and Intra-Eurosystem Imbalances in Credit Flows." Citi Economics, Global Economics View, 9 June 2011.
    
    
80. "Accountability of the Bank of England." Citi Economics, Global Economics View, 1 June 2011.
    
    
81. "ELA Revisited: A Clarification." With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 11 February 2011.
    
    
82. "ELA: An Emperor Without Clothes?" With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 21 January 2011.
    
    
83. "The Debt of Nations." With Ebrahim Rahbari, Juergen Michels and Giada Giani. Citi Economics, Global Economics View, 7 January 2011.
    
    
84. "Three Steps to Survival for Euro Zone." Wall Street Journal Europe, Agenda, 10 December 2010.
    
    
85. "Greece and the Fiscal Crisis in the Eurozone." With Ebrahim Rahbari. CEPR Policy Insight No. 51, October 2010.
    
    
86. "Is Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all Advanced Economies?" (short version), with Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy, 22 Sept. 2010.
    
    
87. "Is Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all Advanced Economies?" (long version), with Ebrahim Rahbari. Citi Economics, Global Economics View , 16 September 2010.
    
    
88. "Games of Chicken Between the Monetary and Fiscal authority: Who Will Control the Deep Pockets of the Central Bank?" (long version) Citi Economics, Global Economics View , 21 July
    
    2010.
89. "Games of Chicken Between the Monetary and Fiscal authority: Who Will Control the Deep Pockets of the Central Bank?" (short version) Citi Economics, Global Economics View , 21 July 2010.
    
    
90. "Sovereign Liquidity Facility: Transfer Europe or Bank Recapitalisation Fund? What is the EFSF Meant to Be?" Citi Economics, Global Economics View, 23 June 2010.
    
    
91. "Can the European Stabilisation Mechanism Save the Monetary Union?" (long version), Citi Economics, Global Economics View , 20 May 2010.
    
    
92. "Can the European Stabilisation Mechanism Save the Monetary Union?" (short version), Citi Economics, Global Economics View , 19 May 2010.
    
    
93. "Greek Sovereign Debt Restructuring Delayed but not Avoided for Long." Citi Economics, Global Economics Flash, 5 May 2010.
    
    
94. "Sovereign Debt Problems in Advanced Industrial Countries." Citi Economics, Global Economics View , 26 April. 2010.
    
    
95. "The Overwhelming Economic Case for the United Kingdom Adopting the Euro." In Graham Bishop, Willem H. Buiter, Brendan Donnelly and Will Hutton, eds. Britain Should Join the Euro: Essays on the 10th Anniversary of the Launch of the European Single Currency. London: John Stevens, 2009.
    
    
96. "EU Governments Are Stepping Off the Streetcar." Financial Times. Leaders & Letters page, 11 June 2007.
    
    
97. "A European Constitution Must Be Approved by Referendum." Financial Times. Leaders & Letters page, 5 June 2007.
    
    
98. "High Degree of ECB Independence in Securities Sector is Undesirable." Financial Times. Leaders & Letters page, 19 January 2007.
    
    
99. "When should the New Central European Members Join the Eurozone?" With Anne C. Sibert. Bančni vestnik—The Journal for Money and Banking of the Bank Association of Slovenia, Special Issue. Small Economies in the Euro Area: Issues, Challenges and Opportunities, vol. 11 (2006): 5–11.
    
    
100. "A Wave of Unilateral 'Euro-isations' Would Confound the EU's Mean-Spirited Legal Nitpickers." with Anne C. Sibert. Comment on Georgi Angelo. "How to Gate-Crash the Eurozone." Europe's World (Autumn 2006).
     
     
101. "The Inflation Criterion for Eurozone Membership: What to Do When you Fail to Meet It." With Anne C. Sibert. Background paper for a panel discussion. Central Banking and EU Enlargement. Central Bank of Turkey, Annual Meeting of the Turkish Economic Association, 12 September 2006. Mimeo. European Institute, London School of Economics and Political Science, September 2006.
     
     
102. "UK Facing Three-Pronged Assault on its Labour market Flexibility." Financial Times. Leaders & Letters page, 28 September 2006.
     
     
103. "The ECB and M3: From Pillar to Post?" With Erik F. Nielsen and Daniel Vernazza. European Weekly Analyst, issue 06/29 (27 July 2006). Goldman Sachs Global Economic website, https://portal.gs.com.
     
     
104. "Eurozone Entry of New EU Member States from Central Europe: Should they? Could they?" With Anne C. Sibert. in Development & Transition, UNDP-LSE Newsletter 4 (June 2006): 16 –19.
     
     
105. "Beauties and the Beast; When Will the New EU Members from Central and Eastern Europe Join the Eurozone?." With Anne C. Sibert, Mimeo. London School of Economics and Political Science, May 2006.
     
     
106. "Lithuania Exclusion From Eurozone Violates Spirit of the Entry Treaty." With Anne Sibert. Financial Times. Leaders & Letters page, 19 May 2006.
     
     
107. "Europe Must Relax its Inflation Test for Euro Entrants." With Anne C. Sibert, Financial Times. Comment & Analysis/Comment page, May 4, 2006.
     
     
108. "It's a Long Way to Copenhagen: Turkey's Membership of and Convergence with the European Union." Background note for comments for the presentation of the World Bank's 2006 Country Economic Memorandum Promoting Sustained Growth and Convergence with the European Union. Ankara, 6 March 2006 and Brussels, 9 March 2006. Published as Centre for European Policy Studies Policy Brief No. 96, March 2006.
     
     
109. "The UK and the Euro." paper by Chris Mulhearn and Howard R. Vane in The World Economy, vol. 28 (February 2005): 243–58. The article draws on and quotes from interviews with Patrick Minford and myself.
     
     
110. "Challenges for Europe." Remarks. Launch of Hugh Stephenson, ed. Challenges for Europe. London: Palgrave MacMillan, 2004. London School of Economics and Political Science, 6 December 2004. Mimeo. Office of the Chief Economist. European Bank for Reconstruction and Development.
     
     
111. "En Attendant Godot? Financial Instability Risks for Countries Targeting Eurozone Membership." CEPR/ESI Eighth Annual Conference: EMU Enlargement to the East and the West. Magyar Nemzeti Bank, Budapest, Hungary, 24–25 September 2004.
     
     
112. How to reform the Stability and Growth Pact," Central Banking, vol. 13 (February 2003): 49–58.
     
     
113. Minutes of evidence taken before the European Union Committee (Sub-Committee A) of the House of Lords, 10 December 2002. House of Lords, Select Committee on the European Union, Session 2002-03, 13th Report. The Stability and Growth Pact, with Evidence. London: Stationary Office Limited, 11 March 2003.
     
     
114. "Ten Commandments for a Fiscal Rule in the E(M)U." Oxford Review of Economic Policy, vol. 19 (Spring 2003): 84–99. Abstract.
     
     
115. "Why Britain Should Join the Euro." With Richard Layard, Christopher Huhne, Will Hutton, Peter Kenen and Adair Turner. London: Britain in Europe, October 2002.
     
     
116. "Opportunities and Challenges for Estonia's Economic Convergence to the EU." With Vanessa Mitchell-Thomson. Postimees (Estonia's largest daily newspaper), July 2002.
     
     
117. "Globalisation and Regional Integration: A View from Eastern Europe and the FSU." In House of Lords, Session 2001-02, Select Committee on Economic Affairs, Globalisation, Oral Evidence up to 13 March. 2002, London: Stationary Office Ltd., pp. 83–96.
     
     
118. *"The Case for the Euro." With Richard Layard, David Currie, Christopher Huhne, Will Hutton, Peter Kenen, Robert Mundell and Adair Turner. Britain in Europe, 12 Jun. 2000.
     
     
119. "Le Royaume-Uni et l'UEM." Politique Étrangère, 1/1999, pp. 45–62. English version, "Britain and EMU" here.
     
     
120. *"Discussion of 'ERM Bandwiths for EMU and After: Evidence From Foreign Exchange Options' by Jose M. Campa, P.H. Kevin Chang and Robert L. Leider." Economic Policy, vol. 24 (April 1997): 81–83.
     
     
121. *"Europa kan Maastricht Overleven." (Europe can survive Maastricht) Socialisme en Democratie, vol. 53, no. 7/8 (1996): 411–6.
     
     
122. *"Two Cheers for EMU." Memorandum. House of Lords, Select Committee on the European Communities, an EMU of 'Ins and Outs.' Vol. 2, Evidence. London: HMSO, June 1996, pp. 201–5. Also in European Economic Perspectives, no. 9 (July 1996): 5–7.
     
     
123. *"Examinati.on of Witness, Minutes of Evidence taken before the European Communities (Sub-Committee A) of the House of Lords. Select Committee on the European Communities, an EMU of 'Ins and Outs.' Vol. 2. Evidence. London: HMSO, June 1996, pp. 206–12.
     
     
124. "Antwoord aan de Haas." (Reply to de Haas) Economisch Statistische Berichten, May 1992. "Moeten Wij ons Zorgen Maken Over de Fiscale Voodoo van Maastricht?" Economisch Statistische Berichten, March 1992. English version: "Should we Worry about the Fiscal Numerology of Maastricht?" Yale University Economic Growth Center Discussion Paper, no. 654, March 1992.
     

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