Alpha.Sources 2.0 (Beta)

[Update 1: I am calling it a night now; this is definitely too dark and somber though, but luckily SQP is a treat to work with ...]

[Update 2: Ok, I am happier with it now]

[Update 3: Well, like one commenter said, "if it aint broke, don't fix it". Perhaps I should have heeded that call, but I wanted to move to the new SQP edition and that meant choosing a new design. After some hours of playing around I have realised that anything other than white background with black text does not really work for me, so I have kept it ultra simple. I hope you like it.]

Well, it is a new decade and I felt like redoing the design on the site in part because I wanted something else, but also because I could get considerably added flexibility by shifting the layout-theme on to the new SQP template versions (internal lingo, but just believe me). I am not sure I like the colors yet, and I have not decided on the final navigation layout cut. Other than that a couple of general notes ...

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General infoclaus vistesen
Danske on Eurozone Debt - The Peril of Internal Devaluations

This is really a follow-up on my earlier piece today and my last 2009 piece on Eurozone imbalances and internal devaluation. In particular, I want to point you towards two things. Firstly, Edward has, no doubt after a long hard thought, come to the conclusion that Greece should be sent to the IMF or rather that it is ok to ask the fund for help in order credibly sort out the mess in Greece (and possibly Spain). This is not news as such since the proposition of sending ailing Eurozone countries to the IMF has been on the table for a while now. The main question basically is, as it has always been, whether the program proposed by Greece in conjunction with the EU and set in relation to what ever we might have left of the stability and growth pact (SGP) is really credible as a working solution.

Meanwhile, Danske Bank had a very interesting research note out today by economists Gustav Smidth and Frank Øland Hansen on the sovereign situation in the Eurozone and the potential for correcting not only in the immediate short term (i.e. preventing a collapse), but more importantly how to get debt to GDP ratios back on a solid footing within, let us say, a decade or so. As it turns out this is very difficult.

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Eurozone watchclaus vistesenDanske Bank, Greece, IMF