Don Quijones: Catalonia Threatens Spain with “Financial Bloodbath”
Yet another European debt/austerity-induced game of chicken, this one of Catalonia v. Spain.
Read more...Category Archives: Europe
Debt Relief or a Fourth Financial Assistance Program for Greece?
Greece continues to be broken on the rack of austerity. How far might the IMF’s insistence on reducing the pain level actually get?
Read more...In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
European officials continue to dither while Italy’s banks burn.
Read more...International Arbitration Is the Way to Settle the UK’s Brexit Bill
Arbitration would be a good way to resolve the thorniest Brexit issue, of settling the tab. But politics seem to preclude a sensible outcome.
Read more...The Role of Social Security Wealth: A Head-to-Head Comparison of Germany and the US
Crunching some numbers on the value of social safety nets shows Americans are not as well off as pundits and pols would have you believe.
Read more...Globalization and the End of the Labor Aristocracy, Part 4
More on how neoliberal policies around the world have hurt labor.
Read more...Hoisted from E-Mail: Puzzling Out the UK’s Shambolic Approach to Brexit
Trying to make sense of the UK’s Brexit pathology.
Read more...Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole
Has Sweden become the mouse that roared at private equity?
Read more...UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...British Press Hissy Fit Over Predictable EU Move to Relocate Euro-Clearing to the Continent
The UK press reacts with unwarranted indignation to an EU move that was sure to happen.
Read more...More Brexit Miscalculations: UK Can Have Industrial Policy Only With Hard Brexit
The UK government wants industrial policy reforms that are incompatible with EU rules. Those rules would apply save in a hard Brexit.
Read more...The Brexit Situation is Developing Not Necessarily to the UK’s Advantage
We’ve been neglecting Brexit due to Trump going uber hawkish and the resulting barrage of news stories to sort through. And another reason is that the noise to signal ratio got even higher in the British media around the time Brexit became official. Formal progress will be virtually nil till late May. The UK and […]
Read more...Theresa May Announces Surprise Early Election for June 8
Theresa May reversed early firm promises and announced snap elections.
Read more...Italian Banks: Not Quiet on the Eastern Front
Never before have I seen the condition of a bank’s finances (in this case liquidity) described as “hemorrhagic”. Italians beware!
Read more...“Henry VIII Clauses” in Britain’s “Great Repeal” Brexit Bill Gives Government Unprecedented Powers
The “Great Repeal Bill” repeals EU laws and gives the executive massive powers to rule by decree in the Brexit transition
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