What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
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
Category: The Euro Debacle
Italy Expects Financial Market Attack in August: Govt. Official
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
When Is a Trillion Euro Not a Trillion Euro?
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?
The Silent Bailout System That Could Rip the Eurozone Apart
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
The Eurozone’s Coming Debt Crisis
With monetary policy shifting, most governments and banks are unprepared for the change… Read More The Eurozone’s Coming Debt Crisis
This Is the New Italy
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
If Italy Exits the Euro, It Could Be the End of the Single Currency
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
Are European Companies Ready for Life Without Draghi?
Not going to be easy, especially for “zombie” companies.… Read More Are European Companies Ready for Life Without Draghi?
EU Moves to Protect Financial System from Failing Banks
Too Little, Too Late?… Read More EU Moves to Protect Financial System from Failing Banks
EU Bad-Loan-Fiasco-Reform Loses Teeth, Adds Sweeteners for Banks (Funded by Taxpayers)
After much lobbying, guidelines for banks become “non-binding expectations,” says the ECB… Read More EU Bad-Loan-Fiasco-Reform Loses Teeth, Adds Sweeteners for Banks (Funded by Taxpayers)
Goldman Sachs Banker Named Germany’s Deputy Finance Minister
Having populated most central banks with its alumni, Goldman is now aiming even higher.… Read More Goldman Sachs Banker Named Germany’s Deputy Finance Minister
The Bundesbank Back in Charge of ECB, Sending Shivers through Italy
The loss of the ECB shield leaves Italy nakedly exposed to market discipline at a delicate time… Read More The Bundesbank Back in Charge of ECB, Sending Shivers through Italy
