Category Archives: Europe

Crash Out Brexit Virtually Guaranteed as EU Leaders Talk Tough to Theresa May, Reject Chequers Plan, and Give Her October Deadline

Brexit negotiations are over. The only question is whether the EU and UK continue to expend energy talking past each other.

On Brexit, UK Negotiators Have Adopted a Hard Bargaining Strategy

A look at the UK’s negotiating stance, charitably assuming that it is by design.

Brexit: Circling the Drain?

Has anything changed on the Brexit front?

Don Quijones: No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks

To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis.

Causes of Turkey’s Crisis

Turkey is entering a major crisis, which many of the media have been quick to blame on Erdogan’s nationalist inclinations. However, the crisis has much more to do with poor economic fundamentals and the lending decisions of European banks.

Brexit: EU Takes Hard-Nosed Stance on Financial Services “Equivalence” Deals

Is the EU playing iron fist in velvet glove on the UK’s Brexit pitch for a financial services equivalence deal?

Yanis Varoufakis: Greece Was Never Bailed Out and Remains in Debtor’s Prison – Bild Zeitung Interview

Yanis Varoufakis revisits the Greece 2015 debt negotiations and describes how Greece still wears the austerity yoke.

Brexit as a Tightly Coupled Process

Stepping back to look at the Brexit trajectory.

What Should the EU Do About the Turkish Currency Crisis?

The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?

France Could Lose Billions In Brexit Trade Route Redirection

How French ports and hence France look set to lose in Brexit.

The CFA Franc Zones: Neocolonialism and Dependency

How France still exerts influence over the CFA franc zone.

ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge

The Turkish lira’s swan dive is causing all sorts of collateral damage.

3 Blokes In The Pub…Talk No Deal Brexit

Nitty gritty details of what happens with a crash-out Brexit, made accessible and even entertaining.

Financial Times Goes Wobbly on Brexit; Runs Front Page Stories Claiming Theresa May Charm Offensive Is Winning “Fudges” When No Such Thing Is Happening

The Financial Times has used two lead stories this week to deliver factuall-challenged propagandizing for the Government’s Brexit maneuvers.

More Brexit Grim Tidings: WTO Warns Ireland to Prepare for Crash-Out; Deutsche Moves Half of Euro Clearing Ops to Germany; Food Freakout

More on how the Brexit situation is developing not necessarily to the UK’s advantage.