@PaulKrugman on the @BankOfEngland analysis.

Interesting analysis. @JulianHJessop?

Daniel Gros is sceptical. #fb

Fascinating and clear.

Probably not. "Perhaps the boost to productivity from being able to use incandescent light bulbs while vacuuming with high-powered hoovers will be significant, but the above suggests new free trade agreements alone can’t do it."

Explained quite simply.

The UK is enjoying an increase in exports to the EU, driven in the main by a fall in the pound caused by a fear that it will not be freely trade with the EU in the future. This is a cake that cannot continue to be both had and eaten forever.

Pesky facts.

Long, good reportage by @politicoryan.

Stephen Hawking reflects. #fb

"Minford admits his model predicts that the policy would cause the ‘elimination’ of UK manufacturing and a large increase in wage inequality. But although he is relaxed about these outcomes, we suspect that voters in Port Talbot and elsewhere in Britain wouldn’t be so impressed."

"In the last two years British newspapers have been promising more or less the same thing to Eurozone citizens: collapse, soon." Yet it hasn't happened.

10-year-old suggests restoring drachma to Greece.

The Bosnian dairy industry.

Pete also thinks that the Greek solution is untenable.

He says it only last between "one day and three months".

"Greek default would not be  Armageddon"!

Pete speculates about the crisis.

"Of course ordinary French and German taxpayers are going to be angry at lending their money to an insolvent state with lower tax rates than their own. Why wouldn’t they be? Of course ordinary Irish taxpayers are going to be angry at having to pay for high interest loans designed to bail out foreign banks. Why wouldn’t they be? And while ordi…

"In a blog post which has gathered a certain notoriety, Paul Krugman recently sent the Estonians his condolences. I will send them, not my condolences, but my congratulations, and these not for the somewhat dubious honour of being allowed to join the Eurozone, or even for having carried out a highly successful “internal devaluation” (this out…

Soros speaks. NB that he tends to get things right. If he is right this time, we euro-users are in trouble...