Category Archives: Europe

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.

Socio-Economic Determinants of the Italian Referendum Vote

More proof that the Italian rejection of Renzi’s constitutional reform referendum was not a simple “populist uprising”.

Italy Gets a New Prime Minister, But Not Yet a New Government, Let Alone a New Banking System

Italy just may be able to save Monte dei Paschi with “precautionary recapitalization,” but what next?

GT Group’s Protean Ian Taylor in the UK: Reuters’ Special Report on 43 Bedford Street, and More

An ignominious decade of UK company registration, illustrated by UK companies formed by Ian Taylor, an old friend from New Zealand

Europe’s Crisis Was Caused More By Reckless Lending Than By Reckless Spending

Remedies have failed to produced growth and lower indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core

The Italian Referendum: The Vote, the Narrative, the EU, the Banks

The Italian referendum may have been more about Italy than anything else. Which says nothing about knock-on effects

Wolf Richter: Italians Vote “No,” Renzi to Resign, Banking Crisis Now Looking for Taxpayers

Will the failure of Renzi’s constitutional referendum and resulting political uncertainty finally force Italy’s banking crisis to a head?

Trump’s Win is a Warning: Europe Urgently Needs a New Deal

Europe is ignoring the lessons of New Deal era much to its peril.

John Helmer: Cyprus Wins Victory for Sovereignity, Backed by Greek Principle and Russian Arms

Talks between Greek and Turkish camps in Cyprus have collapsed: “Greece first, then Russia have cut the legs off the negotiating table.”

Banks Whinge About Tougher EU Regulations to Reduce Too Big to Fail Risk

The Financial Times is a bit too sympathetic to poor oppressed banks facing tougher EU safety rules.

Italy’s Bank Rescues Founder, With Small Savers and Prime Minister Renzi as Casualties

Italian banks may start bail-ins at the worst possible time for Matteo Renzi and his constitutional reforms.

In Upset, François Fillon Beats Sarkozy, Leads Conservative Party Runoff Vote for French President

Fillion’s surprise win shows again how pundits and pollsters failed to read the mood of voters.