The bond markets have woken up to the enormity of what is happening in a country that cannot be easily crushed into submission “à la Grecque”, and that is big enough to destroy monetary union… Read More Italy’s Insurgents Defiant as Bond Spreads Surge and EU Threats Build
With impeccable timing, all at the same time… Read More Three External Tailwinds Turn into Headwinds for Spain’s Economy
The trend in its European markets is not Airbnb’s friend.… Read More Airbnb Turns to Brussels for Help as Anti-Tourist Backlash Intensifies in Europe
The Left’s anti-Brexit hysteria is based on a mixture of bad economics, flawed understanding of the European Union, and lack of political imagination… Read More Why the Left Should Embrace Brexit
Not going to be easy, especially for “zombie” companies.… Read More Are European Companies Ready for Life Without Draghi?
Rules that would have forced European banks to set aside more money against hundreds of billions in bad loans, appear to be too difficult or too dangerous to implement… Read More ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”
Too Little, Too Late?… Read More EU Moves to Protect Financial System from Failing Banks
All in all, these new systems will benefit the large and the unethical at the cost of the small and nimble… Read More The EU’s Latest Copyright Proposal Is So Bad, It Even Outlaws Creative Commons Licenses
A relentless state, angry demonstrations, and profoundly worried businesses.… Read More Playing With Fire in Catalonia
Not only has Rajoy spectacularly failed to defuse the Catalan issue (in fact he’s done more for independence than anyone else on the planet), but his actions have also unearthed Spain’s underlying fascism and Francoism for us all to see.… Read More Dear Spain, Don’t Criticise the International Media. Blame Your Own Government.
The world’s biggest hedge fund, which now owns more than 40% of Europe’s GDP in securities emains forever entwined with the fate of the European capital markets.… Read More ECB Doubles Bond Purchases Just As Market Hits Turbulence
Competition Eats the Profits of Big Shaky Banks in Euroland: So Consolidate… Read More Competition Eats the Profits of Big Shaky Banks in Euroland: So Consolidate