Populists in power, like Five Stars and the Lega in Italy, can do serious damage. In the case of Italy, the key risks are long-term rather than immediate.
With Tspirpas running out of luck, Krugman and Stiglitz have to find new political champions to promote the cause of economic self-destruction
Message to Washington: Debt relief for Greece is a big fat red herring.
Creative ambiguity is not going to help secure money from Europe.
The Syriza government has done wonders to unify the rest of the Eurozone.