Ashoka Mody on the arrogant delusion of the architects of the EU… Read More The Euro: A Mindless Idea
“Who will purchase the €275 billion of government debt Italy is to issue in 2019?”… Read More QE Created Dangerous Financial Dependence, Italy Hooked, Withdrawal Next, ECB Warns
Italy is in meltdown, Hungary in open revolt, and the US wants a trade war. Small wonder Europe’s leaders haven’t got much time for Brits… Read More Why Brexit Is Just a Sideshow for an EU Beset by Problems on All Sides
The French megabanks are on the hook.… Read More Why’s France so Worried about Italy’s Showdown with Brussels?
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”… Read More Italy’s Debt Crisis Intensifies
Who will blink first?… Read More Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies
Speculators will probably attack Italian financial markets this month but the country has the resources to defend itself, a senior and highly influential government official says in a newspaper interview… Read More Italy Expects Financial Market Attack in August: Govt. Official
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks… Read More The Eurozone’s “Doom Loop” Re-Grips Italian Banks
Fear of Italy leaving the euro has driven Germany’s surplus with the European Central Bank to a record €956 billion. But economists say this surplus could vanish overnight if a real crisis hit… Read More When Is a Trillion Euro Not a Trillion Euro?
A nation of savers v. a nation of debtors.… Read More How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
Years of neoliberal economic policies imposed by Brussels and by Italian politicians alike have devastated numerous industrial towns and the very fabric of Italian society… Read More This Is the New Italy
The truth is that Italy should never have joined the euro in the first place… Read More If Italy Exits the Euro, It Could Be the End of the Single Currency