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?
A fiasco threatens to spiral out of control… Read More Spain’s Mortgage Market Seizes Up, Bank Stocks Sink, Legal Uncertainty Reigns
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”… Read More Italy’s Debt Crisis Intensifies
Ten years on, the crisis unleashed in Wall Street in 2008 is still with us… Read More What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
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
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?
Target2 has become a giant credit card for eurozone members that import more than they export to other members. But there are two differences compared with a normal credit card: the interest rate is zero and the loan never needs to be repaid… Read More The Silent Bailout System That Could Rip the Eurozone Apart
With monetary policy shifting, most governments and banks are unprepared for the change… Read More The Eurozone’s Coming Debt 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
Not going to be easy, especially for “zombie” companies.… Read More Are European Companies Ready for Life Without Draghi?