Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks… Read More Hit from All Sides, European Bank Stocks Swoon to 1988 Low
Saving the Zombies in Europe… Read More What’s to Be Done Now with All These Zombie Companies?
For many, squatting is a desperate last resort. For others, it’s a lifestyle choice or political statement. Barcelona, ground zero of the phenomenon, attracts squatters from all over Europe. By Nick Corbishley and cross-posted from WOLF STREET: Since the burst of Spain’s madcap housing bubble in 2009, squatting — the unlawful occupancy of uninhabited buildings or unused… Read More How Spain Became a Squatter’s Paradise
As tensions soar over oil and gas development, the international community should actively look to encourage de-escalation… Read More A new Great Game has begun in the Eastern Mediterranean
Intimidation, surveillance and conspiracy theories: inside the FT’s five-year investigation of a billion-dollar fraud … Read More Wirecard and Me: Dan McCrum on Exposing a Criminal Enterprise
45 million people have been furloughed in Germany, the UK, France, Italy, and Spain, but the “unemployment” rate barely budged because furloughs don’t count. Creating government-subsidized zombie companies & zombie jobs?… Read More Bite the Bullet or Extend & Pretend? Unemployment in Europe
Woe betide Europe’s banks if there is a second wave of the coronavirus… Read More Covid-19 is the Last Straw for Europe’s Broken Banking System
Here’s a clue: the word begins with “a” and ends in “y”. … Read More While EU Leaders Squabble, The Elephant in the Room Remains Unnoticed
[Note to readers: I will be away from my desk until Sunday, so there will be no new news for the next six days. Have a lovely week] Europe may be about to find out. 128 days with my Mother-in-Law. By Nick Corbishley and cross-posted from WOLF STREET As market players cling to the hope that a… Read More What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time?
The Dutch Parliament has landed in an untenable legislative cul-de-sac with its version of the Copyright Directive.… Read More Dutch Law Proposes a Wholesale Jettisoning of Human Rights Considerations in Copyright Enforcement
Owner of a small cafe that specializes in fine cakes and sandwiches tells me: “We’ll be lucky if we get half the normal number in July and August.” It’s now “all about damage control.”… Read More Barcelona’s Epic Tourism Boom Is Over, Now the Crisis Begins: My Walk to the Beach