Euro Discontent Marches on Brussels
Thousands trek down pilgrim routes across south-western France each year to Lourdes and Santiago de Compostela celebrating centuries of Christian belief… …but now a reverse pilgrimage has united youthful indignados from Spain, France, Portugal, Italy, Greece and elsewhere in a grassroots 2000km protest March on Brussels. (Read more online French News here) The movement began in May [...]
A Euro-Lehman or an Orderly Unwinding?
The headlines are appalling. A tsunami of titanic proportions threatens to engulf us all …. and that’s finance not walls of water we mean. Orderly unwinding of the eurozone or apocalypse seem to be the main alternatives on offer to irresolute Euroland politicians. The Gods of Thor have unleashed their thunderbolts and disorderly default, banking [...]
Trouble, Turmoil and the Rating Agencies
Moody’s, S&P, Fitch — all powerful US firms– are the world’s top rating agencies and were major players in the devastating economic assault that fuelled the North Atlantic financial fireball currently consuming Euroland economies. Indeed many credible post-crash analyses suggest the agencies’ conflicted status as statutory providers of ratings to investors on complex debt vehicles, while being [...]
