I am delighted to feature here the recent paper by Barney Reynolds, ‘Plain Sailing for the ECB? Look out for the rocks!’, Politeia, 2023 – https://www.politeia.co.uk/plain-sailing-for-the-ecb/

You can download it here.

Barney was co-author with myself and Professor David Blake of Managing Euro Risk: Saving Investors from Systemic Risk (Politeia, 2020, ISBN 978-1-9163575-1-8).

His latest Politeia paper builds on issues explored in that book, and refers several times to the shadow debts of the EU and related accounting and transparency issues discussed in my recent solo work The shadow liabilities of EU Member States, and the threat they pose to global financial stability’ (The Bruges Group, 2023, ISBN 978-1-8380658-9-8).