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Tag Archives: european union
Is May 9 The Grexit Date?
Is May 9 The Grexit Date? Yes, more Greece, ever more Greece. Well, the focus is still very much there. It’s not the only topic, obviously, China warrants interest too, certainly with things like Tyler Durden quoting Cornerstone Macro as saying China’s true economic growth rate was just 1.6% in Q1 2015, not the official government […]
Is Mario Draghi Stupid, Crooked Or What?
Is Mario Draghi Stupid, Crooked Or What? Europe is surely at the top of the heap among today’s raging financial market lunacy. It seems that Ireland has now broken into the negative interest rate club, investment grade multinationals are flocking to issue 1% debt on the euro-bond markets and, if yield is your thing, you can get all of 3.72% on the Merrill […]
The Weak Suffer What They Must: Yanis and the End of Europe
The Weak Suffer What They Must: Yanis and the End of Europe From southern Europe to the far north, matters are shifting, sometimes slowly, sometimes faster. There are moments when it seems all that goes on is the negotiations over the Greek dire financial situation and its bailout conditions, but even there nothing stands still. […]
Negative Yields and the End of Deposit Insurance
Negative Yields and the End of Deposit Insurance The Madness of Negative Bond Yields As we have frequently discussed in these pages, time preference must always be positive on a society-wide basis – it is a praxeological law that future goods and/or satisfactions are valued at a discount to identicalpresent goods. We emphasize “identical” here because […]
Is the Fracking Lobby Setting the EU Energy Agenda?
Is the Fracking Lobby Setting the EU Energy Agenda? A European expert panel on unconventional hydrocarbons has been almost entirely taken over by the fracking industry reveals a new investigationby Friends of the Earth (FoE) Europe and theCorporate Europe Observatory (CEO). The advisory group, set up by the European Commission, is tasked with assessing ongoing fracking projects in Europe along with […]
Is The Paris Climate Conference Doomed To Fail?
Is The Paris Climate Conference Doomed To Fail? The United Nations Climate Change Conference – or Paris 2015 – is just around the corner, seven months to be exact. The goal is ambitious: to develop a viable, and comprehensive, successor to Kyoto, applicable to all countries, and with the aim of keeping global warming below 2 degrees […]
No Longer Quiet on the Eastern Front (Part 3)
No Longer Quiet on the Eastern Front (Part 3) Writing a short series of articles about geopolitics carries some risks – namely, that current events can unfold faster than I can hit the ‘send’ button on my next edition. It appears that I am releasing this missive in the nick of time, as the coming […]
This Could Sink Banks in Greece, Portugal, Spain, and Italy
This Could Sink Banks in Greece, Portugal, Spain, and Italy Not that much has changed in Spain since the climax of the debt crisis during which its collapsing banks were bailed out. Some of them were recombined into a bank with a new name – Bankia – and sold to the public via an IPO […]
Is Greece planning to print energy?
Is Greece planning to print energy? Over the past couple of months the story keeping many people on the edge of their seats has been the ongoing dilemma of Greece’s detested debt burden, its Great Depression-worthy 25% contraction of its economy, and its voluntary or even forced withdrawal from the eurozone – the fabled “Grexit.” For […]
Sustainable Companies Are Using Trade Associations That Undermine EU Climate Policy
Sustainable Companies Are Using Trade Associations That Undermine EU Climate Policy Many major multinational companies with strong sustainability policies, such as Facebook andMicrosoft, are also members of trade associations that are actively lobbying against European climate policy, a new study released this week finds. According to the report by the Policy Studies Institute (PSI) at the University of Westminster, businesses use trade […]
Is Greece About to Play its Geopolitical Trump Card and Ignite a Chain Reaction Across Europe?
Is Greece About to Play its Geopolitical Trump Card and Ignite a Chain Reaction Across Europe? If the EMU powers persist mechanically with their stale demands – even reverting to terms that the previous pro-EMU government in Athens rejected in December – they risk setting off a political chain-reaction that can only eviscerate the EU […]
Eurasian Pivot? Moscow Expects “Progress” From Tsipras Visit
Eurasian Pivot? Moscow Expects “Progress” From Tsipras Visit As Athens prepares to try and convince eurozone creditors that its latest set of proposed reforms represents a credible attempt to address Greece’s fiscal crisis, and as Greek depositors face the very real possibility that they will soon be Cyprus’d, a leverage-less Alexis Tsipras faces a rather unpalatable […]
Marriage Made in Corporatist Heaven Slams into Resistance
Marriage Made in Corporatist Heaven Slams into Resistance The new “trade” pacts aim to curtail national sovereignty. After eight rounds of secret negotiations, Washington and Brussels are still struggling to breathe life into the Transatlantic Trade and Investment Partnership (TTIP). According to current European Union President, Latvia, the chances of the agreement being signed by […]
Greece Prepares To Leave
Greece Prepares To Leave Speculation and expert comments are thrown around once more – or still – like candy on Halloween. Let me therefore retrace what I’ve said before. Because I think it’s really awfully simple, once you got the underlying factors in place. But first, if one thing has become obvious after Syriza was […]
