French Popular Uprising: Revolution or Frozen Conflict?
The people are angry with their government. Where? Just about everywhere. So what makes ongoing strikes in France so special?… Read More French Popular Uprising: Revolution or Frozen Conflict?
Category: The Euro Debacle
First Central Bank Exits Negative Interest Rates
Today’s rate hike by the central bank of Sweden ends an absurdity. ECB and other central banks with negative rates are getting ready to follow.… Read More First Central Bank Exits Negative Interest Rates
The Limits of Lagarde
Mario Draghi deserves neither hostility nor adulation for his stewardship of the European Central Bank. He proved adept at working within ridiculous constraints that forced him to do things that no central banker should ever do. What matters today is that his successor, Christine Lagarde, will have to labor within exactly the same ridiculous constraints… Read More The Limits of Lagarde
Saving Europe’s Bankers, Not Its Workers
When European Central Bank chief Mario Draghi left office last month, he was widely praised for “saving the euro.” But he did this at the expense of working people — exploiting the crisis to impose an ever more unbreakable austerity regime… Read More Saving Europe’s Bankers, Not Its Workers
The Future of the Global Economy Hinges on Four Games of Chicken
Trump’s rows with China and Iran, Brexit and Argentina’s populism put the world on a knife edge… Read More The Future of the Global Economy Hinges on Four Games of Chicken
Palace Revolt at the ECB, Legitimacy of Policy out the Window
Draghi’s desperate shenanigans thicken… Read More Palace Revolt at the ECB, Legitimacy of Policy out the Window
Americans Should Be Very Skeptical Of Calls For New “Terrorism” Laws
It is an established fact that the US government will use the narrative about the need to fight terrorism to advance pre-existing agendas… Read More Americans Should Be Very Skeptical Of Calls For New “Terrorism” Laws
Enjoy The Holidays: Autumn Could Get Nasty
A perfect storm is brewing which could soon hit Europe hard… Read More Enjoy The Holidays: Autumn Could Get Nasty
Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
The similarities to Lehman are growing by the day… Read More Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
What the ECB Didn’t Say About Monte dei Paschi’s Bailout
The Italian lender’s earnings have been hobbled by hidden losses and bad loans.… Read More What the ECB Didn’t Say About Monte dei Paschi’s Bailout
ECB To Italian Government: Your Gold Is Ours
The ECB is letting the Italian government know that it won’t sit by and allow the Bank of Italy to sell off its gold reserves to help right the country’s troubled finances… Read More ECB To Italian Government: Your Gold Is Ours
Bad Loans Still Too High at Eurozone Banks, ECB Warns
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus… Read More Bad Loans Still Too High at Eurozone Banks, ECB Warns
