John Browne

France and the UK Could Be the Lynchpins of Europe

France and the UK Could Be the Lynchpins of Europe

If either France faces an economic bailout or the UK votes to leave, the EU likely will begin to disintegrate.

 Redacción

The Great Spanish Crash (subtitulado)

The Great Spanish Crash (subtitulado)

Documental de Paul Mason (BBC) sobre el colapso económico de España.

 Yanis Varoufakis

On the sad algebra of the Greek Debt Buyback

On the sad algebra of the Greek Debt Buyback

At the end of the day, tens of billions of fresh loan tranches will have authored another nasty act in the cruel theatre of horrors that is the Greek bailout.

 Yanis Varoufakis

The Eurozone after the November Eurogroup ‘Greek Deal’: The state of (current) play

The Eurozone after the November Eurogroup ‘Greek Deal’: The state of (current) play

The repercussions of this short-sighted agreement are grave not only for Greece but for the Eurozone, and indeed the European Union, more broadly.

 Luis Martín

Washington’s European Cliff

Washington’s European Cliff

The concern today, especially for Washington, is to keep the European utopia alive for as long as possible.

 Luis Martín

Why Spain is edging to the brink

Spaniards are now rejecting the cynical confiscatory policies that aim to bailout an insolvent system managed by morally-insolvent politicians.

 Deutsche Bank Research

ECB – on the slippery slope

ECB – on the slippery slope

The ECB is now on a slippery slope from which it may have difficulty extricating itself, especially if the ECB balance sheet swells substantially due to OMT.

 Jeff Harding

Draghi Acts: Is It Inflationary?

Draghi Acts: Is It Inflationary?

Despite the overwhelming evidence that money printing doesn’t work, the Eurozone overlords will to do it anyway.

 John Browne

September 12th Looms Large for Germany

September 12th Looms Large for Germany

In the past, the German Constitutional Court has not shown itself to be a political pushover.

 Deutsche Bank Research

ECB: The final countdown?

ECB: The final countdown?

Will the ECB stop buying as conditions have not been met or will it justify further purchases since the market demands higher premia, because of increased – but intolerable – convertibility risk?

 John Browne

Mistrust Fuels Continued Gold Demand

Mistrust Fuels Continued Gold Demand

The current high prices of precious metals, in the face of possibly deep economic recession, indicate that the prospect of a sudden and catastrophic financial collapse is very real.

 Dieter Bräuninger

Income and wealth taxes in the euro area: An initial overview

Income and wealth taxes in the euro area: An initial overview

Higher taxes for those on higher incomes and the wealthy to finance the costs of the crisis and cut budget deficits are being debated in the euro area – including Germany. Several countries have already taken action. If countries decide in favour of the state imposing such taxes, they face a difficult balancing act. Beside the fiscal and distributional targets and hopes, it has to be borne in mind that attention is to be paid to the risks to economic growth, which may result from negative incentive effects, and balance them against the former.