Germany, a country where the needs of industry trump the needs of banks, is a notoriously difficult banking market… Read More Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
I can only think of one person in Washington DC who disregards diplomacy enough to task the CIA with a military style raid on a foreign embassy in a third country… Read More Who Ordered The CIA To Assault North Korea’s Embassy In Spain?
It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud. … Read More How to Commit $7.4 Billion in Accounting Fraud
Europe’s leading economic policy makers have officially thrown in the towel… Read More Europe Is So Weak It Can’t Even Handle 0% Interest Rates
The acquisition created the world’s biggest toll-road operator. But it was costly. And one of the acquirers, Atlantia of Italy, is now in trouble because its bridge collapsed, killing 43 people… Read More Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year
The extortion scheme is likely to be a perfect own goal.… Read More Trump Asks Germany, Japan To Pay For Being Occupied
There is a strong possibility that the EU’s leaders will soon be faced with a choice: try to save Italy (and the whole of Europe) from yet another crisis or set an example by punishing the Italian government for the country’s independent economic and foreign policies… Read More Default Or Exit: A Battle Between Italy And The EU Is Inevitable
Its central bank is not the only one meddling in the U.S. stock market… Read More This Tiny Country Has $245 Billion Invested in U.S. Stocks
The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them.… Read More Europe’s Leaders Are Aiding Italy’s Populists
Global conditions bear unnerving parallels with trends before the outbreak of the first and second world wars… Read More The “Disintegration” of Global Capitalism Could Unleash World War 3, Warns Top EU Economist
The banks claim they’re complying with anti-money laundering regulations. … Read More All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money
While contagion is definitely contained, the Eurozone “is not sufficiently armed to face a new economic or financial crisis.” French banks are heavily exposed to Italy.… Read More “New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets
