The former finance minister of Greece talks about his new book Adults In The Room – My battle with Europe’s Deep Establishment. He also discusses the nuclear option he came close to using to dynamite the ECB’s Quantitative Easing program… Read More Yanis Varoufakis Blows the Lid on Europe’s Hidden Agenda
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.… Read More German Politicians Hammer the ECB, But Only to Get Votes
At first, deny, deny, deny. Then taxpayers get to bail out bondholders… Read More Fear of Contagion Feeds the Italian Banking Crisis
Less than a decade after various complex, synthetic, squared, cubed and so on securitized debt structures nearly brought down the financial system, here come “Sovereign Bond-Backed Securities.”… Read More In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt
“This sales process is atypical, as the seller itself cannot at this point make a rough calculation of what the value of the entity is, and if they can’t, neither can we.”… Read More Banco Popular’s Co-Co Bonds Plunge as Balance Sheet Chaos Revealed in Potential Forced Sale
“The countries in the Eurozone face the choice of either moving towards full fiscal and political union,… or they end the monetary union. My sense is there is no middle way”… Read More Europe’s Faustian Bargain with Big Finance
The only other option: “Orderly restructuring.”… Read More ECB Tapering May Trigger “Disorderly Restructuring” of Italian Debt, Return to National Currency
Nerves are fraying in the corridors of power of the Eurozone’s third largest economy… Read More In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
On this side of the glass, the left has turned into the right and part of the right is turning into the left… Read More The Main Issue in the French Presidential Election: National Sovereignty
Far from the end of Britain, Brexit is far more likely to be the beginning of the end of the disastrous Euro single currency experiment… Read More Is Euroland on Verge of Disintegration?
The proportion of children living below the poverty line in Spain has increased by 9 percentage points between 2008 and 2014, to reach almost 40%… Read More 40% Of Spanish Children Live In Poverty
This could end up blowing up in the faces of yield-starved investors all over the world… Read More Presenting Italy’s Latest Plan B, Where Desperation Meets Insanity
