Category Archives: Europe

Wolf Richter: Two Italian Zombie Banks Toppled Friday Night

It’s getting harder to ignore the stench coming from the Italian banking system.

Can EU Actors Keep Using Common Law After Brexit?

The widespread use of English law in financial contracts poses yet another set of tricky post-Brexit issues.

Waiting for Godot or Does Anyone Really Know What Is Going on with Eurozone Banks?

An update on the Eurozone banking mess.

EU Firms Up Brexit Bill Negotiation Position: Ask of €99.6 Billion Gross Liabilities

Some of the finer points of Brexit negotiations come into focus.

Yanis Varoufakis: Latest Eurogroup Statement Keeps Greece on the Austerity Rack

The Eurogroup doubles down on Greek debt extend and pretend, to its members political advantage and at great cost to Greek citizens.

For ‘Easy Brexit’: May’s ‘No Deal’ Campaign Rhetoric Is Nonsense

If May holds on to her Prime Minister job, her irresponsible Brexit campaign talk may come back to haunt her.

Don Quijones: Shock Waves Spread from Spain’s New Banking Crisis

Market consequences of latest banking crisis in Spain, triggered by the collapse of housing prices that caused plunge Banco Popular shares to plunge.

John Helmer: The President’s Inferiority Complex, Zbigniew Brzezinski’s Russia-Hating Obsession, and the Putsch Plotter with the Itchy Trigger Finger

Sequel on the baneful influence of Zbigniew Brzezinski on Jimmy Carter, an influence that continues to haunt US foreign policy.

Europe’s Faustian Bargain with Big Finance

An overview of the cost of Europe’s failure to rein in its financial institutions and the options for bank and Eurozone reform.

Don Quijones: Catalonia Threatens Spain with “Financial Bloodbath”

Yet another European debt/austerity-induced game of chicken, this one of Catalonia v. Spain.

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?

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.

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.