Not going to be easy, especially for “zombie” companies.… Read More Are European Companies Ready for Life Without Draghi?
Too Little, Too Late?… Read More EU Moves to Protect Financial System from Failing Banks
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)
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 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
“Operation Overlord.”… Read More Will Italy’s Banking Crisis Spawn a New Frankenbank?
Doubts emerge as to who is saving whom.… Read More After Years of Crisis in Spain, Pensioners Next to Feel the Pain
It had been assumed that Silvio Berlusconi would control the Italian Right. Suddenly the EU could be looking at a Lega prime minister named Matteo Salvini who plays by very different rules… Read More Political Risk Rises in Italy as Anti-euro Rebels Flirt with Real Power
In the red corner we have Mario Draghi, and in the blue corner we have the challenger, Ray Dalio: they are set for a historic clash.… Read More Bridgewater’s European Short Grows To A Massive $22 Billion: Here Are The Targeted Companies
World’s largest hedge fund puts down $13 billion to profit from trouble in Europe… Read More Bridgewater Bets Big against Largest Banks in Spain & Italy
Right at the front of the monetary welfare queue is the government of Italy… Read More ECB Has Spawned Financial Dependency That’s Now Very Hard to Undo
Neoliberalism and its usual prescriptions – always more markets, always less government – are in fact a perversion of mainstream economics… Read More The Fatal Flaw of Neoliberalism: It’s Bad Economics