English articles

«Portugal needs a National Salvation Pact with a short mandate to restructure the sovereign debt» — David Salanic, Tortus Capital

Portugal needs urgently a PSI and must begin the restructuring operation with the bonds maturing on June and October 2014. The proposal is to exchange old bonds for new bonds with a principal haircut of 40%-50%. The new bonds would pay 2%-3% interest rates and mature in 10-25 years.

A conversation with David Salanic, Chief Executive Officer and Founder of Tortus Capital Management LLC, New York
Interview by Jorge Nascimento Rodrigues, editor of Janelanaweb.com and contributor for EXPRESSO weekly newspaper, Portugal
English Version of an interview for Expresso published 18/01/2014
©JNR, 2014

Yanis Varoufakis: “‘A European New Deal for all of Europe”

Yanis Varoufakis:

Yanis Varoufakis, the political economist and blogger, thinks the Eurocrisis countries need a kind of a New Deal and not a Marshall Plan as some politicians suggested. He speaks for an alternative solution politically feasible regarding sceptic voters like the Germans. Interview by Jorge Nascimento Rodrigues. Comments from Portuguese and Foreigner Economists. UPDATED.
(c) JNR, 2013

Michael Pettis: «Bernanke’s announcement will expand Chinese problems.»

Michael Pettis: «Bernanke's announcement will expand Chinese problems.»

Michael Pettis, finance professor at Peking University’s Guanghua School of Management, interviewed by Jorge Nascimento Rodrigues. «Bernanke’s announcement will expand Chinese problems.», says Pettis, the most listened voice from “inside” China. (c)JNR, 2013

Yanis Varoufakis: Italy’s collapse will change the Austerian way in Europe

Yanis Varoufakis: Italy's collapse will change the Austerian way in Europe

An interview with the Greek professor Yanis Varoufakis, co- author with with Stuart Holland of “A Modest Proposal for Resolving the Euro Crisis.” Author of “The Global Minotaur”. Currently at the University of Texas. (c) JNR, 2013

Euro zone peripheral debt sustainability simply is unattainable without defaults – UWE BOTT, financial advisor

Euro zone peripheral debt sustainability simply is unattainable without defaults – UWE BOTT, financial advisor

The week that Doctor Bernanke confirmed rumors that an exit from QE is likely and the Italian Mario Draghi assured he was a central banker with an “open mind”, the reaction of the PBOC trying to empty the Chinese shadow banking financial bubble, the demonstrations in Brazil and the volatility of financial markets led me to talk to Uwe Bott, an independent financial adviser and regular contributor to «The Globalist». (c) JNR 2013

The austerian debacle — the Critique of Reinhart & Rogoff: conversations with profs. Pollin, Ash and blogger Konczal

The Critique of Reinhart and Rogoff debt iron rule – interviews with professors Robert Pollin and Michael Ash from University of Massachusetts and blogger Mike Konczal of Rortybomb blog.
(c) Jorge Nascimento Rodrigues, April 2013

“More debt restructurings in the euro area are most likely” — Kenneth Rogoff

Kenneth Rogoff, professor of Harvard University and co-author of “This Time is Different”
“More debt restructurings in the euro area are most likely”
Interview by Jorge Nascimento Rodrigues in Cambridge, USA, in March 2013
Edited by João Proença Oliveira based on the interview published in Portuguese at EXPRESSO weekly newspaper, March 2013

«The BRICs never were and never will be an economic or political bloc» (Ruchir Sharma)

«The BRICs never were and never will be an economic or political bloc» (Ruchir Sharma)

Ruchir Sharma is the author of “Breakout Nations”. He is the Head of Emerging Markets and Global Macro at Morgan Stanley Investment Management.
After the BRICS the name of the game is “breakout nations,” a group of surprises in the horizon.

A conversation with Ruchir Sharma
(c) JNR, 2012

A New Phenomenon: Financialization – an overview

A New Phenomenon: Financialization – an overview

From the mid-nineteenth century we witnessed a new phenomenon, the financialization of economies, a process in which the capitalist economy has become dominated by financial logic and the political system has been captured by that dynamic.

Iceland was the typical example of an economy that was ruled by bad economics

Iceland was the typical example of an economy that was ruled by bad economics

Myths and Realities about the Icelandic Crisis four years after the Financial Collapse

A conversation with Olafur Margeirsson, 28, author of the “Icelandic Economics” blog and Ph.D. student at the Business School of the University of Exeter, UK, researching financial instability. He is writing a book titled Bad Economics to be published by Searching Finance. He was an analyst at Kaupthing Bank Research Department, in Reykjavik, Iceland, from 2006 to 2008. Kaupthing was the largest bank in Iceland before de crisis.
(c) Jorge Nascimento Rodrigues, september 2012