James Fallows points out an interesting perspective on Tim Geithner, Obama’s pick to be US Secretary of the Treasury: experience with Asia and at the IMF. Both will be very useful in the current crisis.
When I was with a DC finance firm about a decade ago, my colleagues had fairly regular contacts with him. [...]

Via Crooked Timber, French Politics has interesting things to say about the Sarkofund:
In France it’s hardly unprecedented for major capital spending to be directed by the state, whether under the Commissariat au Plan, through state-controlled or -influenced enterprises, or directly by the Ministry of Finance. Sarkozy always danced nimbly between the neoliberal and state-capitalist camps. [...]

There are essentially two basic critiques of the EU’s institutions; one is the classic, Monnet/Schuman house ideology view that its problems are simply because there isn’t enough of it. If it was more like the US federal government, it would work better; and, as we designed it to get more like that, it must be [...]

To be fair, Paul Krugman was a pretty darn good economist even before he took up blogging…

Five years, one month and one day ago, A Fistful of Euros went live with its first posts.
Thanks to David, for getting the ball rolling and keeping it rolling; thanks to Tobias for keeping the back end running and the front end looking good; thanks to all of the writers; thanks to the commenters, [...]

Canada is interested in a huge bilateral agreement with the European Union, which going by the details given would almost amount to membership in the EEA. Cool.
Ironically, in the years when the British Empire was either trying to recast itself as an EU-like economic union or trying to get into the ECSC/EEC with all its [...]

When I asked, “Who’s next?” I neglected to post the answers which were Washington Mutual and Ukraine. Hope that I was only half-right.

“It should be noted that AIG wrote its derivative contracts in London.” – Commenter Thomas, at Crooked Timber
And indeed, we see a report on Bloomberg, the wire service the financial folks use to communicate with each other, that Allianz was involved in a bid for AIG two days before the crisis that led to its [...]

Flight to quality is about the only thing I can say for sure about the ongoing Wall Street crisis that swallowed up a 158-year-old investment bank and forced Merrill (no-relation) Lynch to be sold to some outfit in North Carolina. (The $613+ billion that Lehman lists as debt is between the 2007 GDP of Belgium, [...]

Notwithstanding the Lisbon holdup, the European Union today confirmed the capacity of selected aspects of the project to move forward unhindered as the Commission and Council agreed on a January 2009 entry date of Slovakia to the eurozone.  The crown will convert to euros at 30.126 to 1 — which is the current rate, although [...]