Germany, a country where the needs of industry trump the needs of banks, is a notoriously difficult banking market… Read More Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
There is a strong possibility that the EU’s leaders will soon be faced with a choice: try to save Italy (and the whole of Europe) from yet another crisis or set an example by punishing the Italian government for the country’s independent economic and foreign policies… Read More Default Or Exit: A Battle Between Italy And The EU Is Inevitable
Desperate men do desperate things… Read More Trump and Netanyahu Scandals Could Create Very Dangerous Scenario
The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them.… Read More Europe’s Leaders Are Aiding Italy’s Populists
While contagion is definitely contained, the Eurozone “is not sufficiently armed to face a new economic or financial crisis.” French banks are heavily exposed to Italy.… Read More “New Economic or Financial Crisis” in the Eurozone Could Start in Italy: French Government Frets
The former Greek finance minister has warned top Eurocrats Brexit is “a symptom of the disintegration of the European Union” as he laid into Brussels for “underestimating” the risk Britain leaving could pose to the Eurozone… Read More Varoufakis: Brexit Is a Symptom of the Disintegration of EU
Italy’s Salvini said the Bank of Italy and the country’s stock market regulator should be “reduced to zero”, and that “fraudsters” who inflicted losses on Italian savers should “end up in prison for a long time.”… Read More Italy Vice-Premier Salvini Calls For Elimination Of Central Bank, “Prison Time For Fraudsters”
Italy’s $1.7 trillion pile of public debt – the third largest sovereign debt pool in Europe – is threatening to set off a chain reaction that could hammer banks from Rome, to Madrid, to Frankfurt – and beyond… Read More How An Italian Debt Crisis Could Take Down The EU
The banking lobby and the ECB will have a cow.… Read More Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers
Deutsche Bank is a filthy, systemically dirty bank but a bank which the German state is going to save. Using taxpayers’ money… Read More It’s Not Brexit But “Deutsche-it” You Want to Worry About
This is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE… Read More Germany Heads for a Technical Recession
Ashoka Mody on the arrogant delusion of the architects of the EU… Read More The Euro: A Mindless Idea
