Category Archives: Europe

Compensating the “Losers” of Globalization

There is little agreement on how government should respond to the challenge posed by “losers” from globalization.

Helicopter Money: Loved, Not Spent

Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.

The Fed in an Age of Uncertainty

How uncertainty over the wisdom of the Fed starting to tighten in 2017 and its reading of Trump policies might impact other economies.

How To Balance Sovereignty and Integration in a Voluntary EU

Why is the EU project in trouble and what might be done to fix it?

Don Quijones: Power & Profit Fuel War on Cash in Europe

Be warned: European officials have already starting taking tough moves in the war on cash.

Wolf Richter: Bank Bailout Balloons, Tab for Italian Banking Crisis Soars

Monte dei Paschi di Siena sinks deeper into the mire and bailout costs spike to €8.8 billion, while the ECB claims the bank is “solvent”.

Ilargi: 2017 – Where the Truth Lies

‘Respectable’ news outlets have been feeding their readers ‘fake news’ for years now. 2017 will see changes in the offing, as we downsize.

Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities Liability; Credit Suisse Also Settles While Barclays Holds Out

Deutsche came off well in a mortgage settlement with the DoJ, while Barclay’s decision to fight doesn’t look so smart.

Italy Announces Sketchy Plan to Bail Out Monte dei Paschi

The Monte dei Paschi domino is finally about to fall. But what does that mean in practice?

Italy Banking Crisis Is Also a Huge Crime Scene

While Italy’s banking crisis results from business loans gone dud in a shrinking economy, some of the banks were also up to no good.

The Fundamental Flaw in Muddied Brexit Thinking

Brexit negotiators seem clueless about how to get out of their own way. Here’s why.

CNN Host’s Attempt to Explain the U.S. Economy Was So Bad I Started Yelling at the TV

Offshoring is about the rush to cheap labor, not about automation and new technology.

British Press in a Tizzy that the EU Will Be Mean to the City of London in Brexit

The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.

So Who Gets to Pay for Italy’s Banking Crisis?

The pretense that even Monte dei Paschi can be bailed out privately is being abandoned. So how will Italy’s sick banks be salvaged?

Greece and Creditors in Showdown Again

Greece tried a surprise move to slip the creditors’ leash. Sadly, it’s not likely to succeed.