It’s fine, we have a flow chart
Well done, Ireland! The country voted ‘yes’ in the world’s most unnecessary referendum on the implementation of the European fiscal pact AND it got a pat on the back from the European Commission,...
View ArticleLiberté, égalité and working until the age of 40
In France, the retirement age for long term workers (41.5 years of pension contributions) and mothers of 3+ children was lowered from 62 to 60 yesterday, because working 35 hours a week is hard and...
View ArticleRemember when the Greek elections didn’t achieve anything?
(note: the headline regards the eurocrisis and not Greece by itself) It’s funny how the lead up to some event is drenched in anticipation from virtually the entire world, but when it occurs the...
View ArticleWould Murdoch want to be new Greek finmin?
So about Greece… I’m sorry, but it’s one of those days. Finance minister Rapanos resigned yesterday due to health issues and prime minister Samaras announced that he will not be able to fly for two...
View ArticleThe correlation between soccer and political power
At least now we know what it was really about… the peripheral problem children win the soccer and Europe agrees on the most egalitarian strategy yet, introduces eurobonds, makes Germany equal to...
View ArticleWorld economy is closed until further notice…
… apologies for any inconvenience caused. Economic data from China and Japan show that things keep pointing down - though ‘down’ is a relative direction in the case of China as it really means the...
View ArticleFixing Libor, fixing the law
After the worst of the storm has gone, the Financial Services Authority has announced its reform of Libor. Unfortunately, the quest for an alternative benchmarking index failed, and so the...
View Article“The ECB is by and large done [trying to help you]“
The moment when it’s not the Greeks who don’t live up to their promises: the troika wants to delay the next debt tranche despite the deal on austerity measures, to wait for a full report on compliance...
View ArticleBlack Friday after Black Thursday; FT Deutschland shuts down
It’s Black Friday, THE day in the world of retail, except some companies started early this time around. Firms included Wal-Mart, Target and Toys”R”Us offered their traditional Black Friday discounts...
View ArticleNo growth for Europe, Starbucks wants your love back
German central bank has cut its economic growth forecast for 2013 from 1.6% (June estimate) to 0.4%. Estimates for 2014 are back at 1.9%. Oh well, so we’ll wait another year and pour more money into...
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