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Edmund Conway

This is what Mark Carney should be most worried about

Much ink has been spilled about the “enormous challenges” facing Mark Carney in his new role as Bank of England Governor – but I’m afraid to say that most of it has missed the point. The challenges everyone’s tended to focus on so far have been the country’s

What was really agreed last night in Brussels

On the basis that if Jean-Claude Juncker denies something, it’s probably true, it’s worth examining the deal cranked through Brussels last night to “save” Greece. Juncker and his fellow eurocrats insist it doesn’t involve any debt forgiveness for the benighted country. [https://i0.wp.com/www.edmundconway.

Mark Carney: should we believe the hype?

“The best central banker in the world” – The Economist on Alan Greenspan, 2000 “The outstanding central banker of his generation” – George Osborne on Mark Carney, 2012 Is anyone else out there taken aback by the almost universal adulation of Mark Carney, the incoming Bank of England Governor? I’m not

Mark Carney: How Osborne got his man

Until last month, George Osborne had more or less given up hope of persuading Mark Carney to come over to the UK to succeed Sir Mervyn King as Bank of England Governor. As a result, the mood in Downing Street was one of depressed resignation: all of the other candidates,

How the Chancellor may break his fiscal rules: a five-minute guide

The Institute for Fiscal Studies has warned [http://www.ifs.org.uk/bns/bn136] that the Government will have to borrow more than expected this year, and that George Osborne will miss at least one – and possibly both – of his two fiscal rules. How exactly has this happened? Here is

The euro is still in big, big trouble: here's why

The euro is still in big, big trouble: here's why

As I’ve said before [https://www.edmundconway.com/2012/02/what-beer-tells-you-about-the-fate-of-the-euro/] , the best way to understand the euro crisis is through the medium of beer. Take an extended pub crawl through the Eurozone and you soon discover an uncanny pattern: the more deeply-embroiled a country is in the crisis,

Methinks the King doth protest too much

To be honest, I think there is a lot of fuss about nothing with this scheme… …I don’t think it affects anything very much… …It’s a whole lot of fuss about nothing… …I frankly am not very fussed about this one way or another… Sir Mervyn King, November