Satyajit Das: The End of Trust? Part II
Yves here. Das continues his discussion of the impact of the erosion of trust (see here for Part I). Here he focuses on the political impact on international dealings and national politics.
Read more...Category Archives: Europe
Mathew D. Rose: Is It Time to Pull the Plug on the EU?
“Success is relative” wrote T. S. Eliot in his play The Family Reunion, “It is what we can make of the mess we have made of things.” This is an apposite description of the current “success” in the EU. A financial and political disaster has been transformed into a permanent calamity.
Read more...Wolf Richter: French Megabank – “Germany Should Leave The Eurozone”
France’s government is struggling to stay relevant….and Groupe BPCE may have provided an answer by telling Germany to pay up or exit the Eurozone.
Read more...Catalan Politician Does Unthinkable, Threatens Spain’s Creditors
By Don Quijones, a freelance writer and translator based in Barcelona, Spain. His blog, Raging Bull-Shit, is a modest attempt to challenge some of the wishful thinking and scrub away the lathers of soft soap peddled by our political and business leaders and their loyal mainstream media. Cross posted from Testosterone Pit
There are certain things politicians should never do – assuming, that is, they want to hold on to their jobs. Using the dirty “s” word (sovereignty) for example, is a definite no-no. Also high up on the list of “don’t dos” is threatening the interests of foreign creditors and bondholders.
Yet this is precisely what Oriol Junqueras, the firebrand leader of Esquerra Republicana Catalana (ERC), the second largest party in Catalonia’s government coalition, did last week
Read more...Yanis Varoufakis: Ponzi Austerity – A Definition and an Example
For a while now I have been arguing that Europe’s policies for reducing the public debts of fiscally stressed member-states can be described as a Ponzi austerity scheme. In this post I attempt precisely to define ‘Ponzi austerity’.
Read more...Your Humble Blogger Discusses the Pending Trade Deals and JP Morgan on Le Show!
I really enjoy speaking with Harry Shearer, both for his engaging manner and his thorough preparation. I also hope you’ll see fit to circulate this interview, since the more attention we can bring to this plan to legalize corporate pillage, the better.
Read more...Mathew D. Rose: Germany’s Potential “Grand Coalition” – Bad for Germany and Europe
In Germany, Angela Merkel’s Christian Democratic Party and its sister party the Bavarian Christian Social Union are inexorably heading for a “grand coalition” with the Social Democrats. This would give the coalition well over a two-thirds majority in both houses of parliament, making constitutional changes a mere formality. What does this mean for Germany and what will its effect be upon the European Union and a resolution of its current economic crisis?In Germany, Angela Merkel’s Christian Democratic Party and its sister party the Bavarian Christian Social Union are inexorably heading for a “grand coalition” with the Social Democrats. This would give the coalition well over a two-thirds majority in both houses of parliament, making constitutional changes a mere formality. What does this mean for Germany and what will its effect be upon the European Union and a resolution of its current economic crisis?
Read more...