Concerns about Euroland Bank Runs
There are concerns that the low-key nationalisation August 31 of bankrupt CIF-Credit Immobilier de France, might hasten bank runs across the EU where leaders continue to dither and equivocate over resolving Euroland’s chronic crisis. The French government takeover was followed by an alarming report suggesting that a Spanish bank run is gathering steam. [...]
Is Germany Picking a Fight with France?
An astonishing attack on France — possibly heralding a new era of Franco-German tension over the EU’s banker-imposed austerity policies — has been published in the leading German magazine Der Speigel. Headed “Nostalgic and Narcissistic- France’s Obsession with the Past Hinders Reform” the article is by Der Speigel’s Paris bureau chief Mathieu von Rohr and [...]
Scuttle the Euro to Save SS Europa
A leading heterodox French economist Jacques Sapir warns that if SS Europa is not to become the 21st century Titanic, the ship’s captains should voluntarily scuttle its burdensome euro cargo, without delay. Sapir has also urged France to abandon the ailing Eurozone vessel and bluntly called into question the ability of Euroland to survive at all. [...]
Euroland Mega-Meurons will Destroy Us
Would you feel safe in a country ruled by morons and populated by zombies? Well that is one very senior economist’s rating of the leadership of the EU sovereign debt crisis, now of course steered by Horkel (Hollande-Merkel). Eurozone crisis: between meurons and zombies Europe’s financial-existential crisis has been intensified at every stage by the [...]
Eurozone Crisis – Breaking Up is Hard to Do
There are fresh concerns about the sovereign debt crisis with fears that Spain could follow Greece, Ireland and Portugal to be the fourth Eurozone (EZ) state begging for a bailout. Voices in election-fevered France and elsewhere again question the survival of the single currency union. Should the eurozone fail, warns Professor Richard Baldwin of the [...]
Taming a Financial Mega-Monster
Taxpayers in the Western world remain perplexed and angry about an intractable economic crisis, its derivative Eurozone meltdown and the time it is taking to tame irresponsible bankers. This ProPublica piece published with permission and acknowledgement, gives some insight into how difficult that latter task is proving to be. IRS, U.S. Banks at Odds Over [...]
DSK, France and a Eurozone Collapse
In a sort of Death of a President or Samson sheared by unworthy Delilah moment… le Tout Paris has been beating its collective breast for days over L’affaire DSK. (Read more online French News here) As more and more damning details of the case emerged and the storm clouds darkened daily, Dominique Strauss-Kahn (DSK) resigned his highly-paid post [...]
