During its short life, the newsletter has already enjoyed a readership of more than 3,000 participants, policymakers and thought leaders from around the world.

These rules, along with a call for applications, were published on 11 July 2005 in the two newspapers with the largest national readership, thereby initiating the process.

If you look at online media consumption in this case, in the top 10 users of the internet more than 95 percent of the news readership is on domestic news sites.

Although Krugman invented his discourse for an American readership, it perfectly fits the British case as well. In his first budget in June 2010, Chancellor of the Exchequer George Osborne warned that you can see in Greece an example of a country that didn t face up to its problems, and that s a fate I am determined to avoid.