Category Archives: Europe

The Coronavirus Crisis Within the Economy Is Far From Over – Because Reopening Creates a Whole New Type of Risk

Whither the post-Covid economy, assuming a “post-Covid”? The answer depends at least in part on where you sit.

Softer Monetary Policy Increases Inequality

Quelle suprise! Asset-goosing loose monetary policy helps the rich more than the poor even in egalitarian Denmark.

Latest Filings in Devastating Lawsuit Against Bank of America, Credit Suisse, and Bayer Board Members and Executives Over Disastrous Monsanto Acquisition

More artful lawyering in the derivative case against Bayer management, its board and financial advisers over the disastrous Monsanto purchase

Only Multilateral Cooperation Can Stop Harmful Tax Competition

International tax reform, to check multinational tax avoidance, has made perilously little progress. Will Yellen’s backing make a difference?

The ‘Roaring Twenties’ and Covid Recovery: Revisiting the Evidence for Europe

Are the Roaring Twenties an analogue for what a post Covid economy would look like?

Preparing for a Wave of Non-Performing Loans: Are Banks at Risk?

On a aggregate basis, EU banks appear to have enough capital to weather even a bad Covid storm. A country-by-country look tells another story.

Yanis Varoufakis: Draghi’s Outrageous Deployment of McKinsey, Europe’s Predicament, DiEM25’s Proposals

Yanis Varoufakis decries how McKinsey is undermining democracy in a putative first world country, a big step up from South Africa and Saudi Arabia.

Failed COVID Strategy Leaves Sweden Deeply Divided

Sweden became a symbol for anti-lockdown and no-mask movements across the world. But it’s no longer a source of consensus at home.

Woodlands and Wetlands Could be Worth More When Left to Nature Than When Farmed

Study suggests that the assumption that greater economic benefits follow from developing resources, rather than conservation, is false.

SoftBank-Funded Fintech Upstart Greensill Crashes, Carnage Ensues

Supply chain finance disuptor Greensill is undone by its own financial wizardry, putting at risk thousands of jobs in the UK, Australia and the EU. The timing could not be worse for already buckling supply chains.

Waste Watch: Europeans Get Right to Repair for Some Consumer Electrical Goods, While John Deere Reneges on Promise to U.S. Farmers to Make Diagnostic Software Freely Available

On March 1, the EU implemented a right to repair for some consumer electrical goods; which U.S. state will wake up and do the same?

Yes, Export Bans on Vaccines Are a Problem, But Why Is the Supply of Vaccines so Limited in the First Place?

Italy has blocked vaccine exports to Australia, which now must reconsider its opposition to proposed global solutions to unblock supply.

Covid Baby Bust Has Governments Rattled

A falloff in baby production has capitalists very worried.

Italy’s Newly Unelected Prime Minister, Mario Draghi, Has Urgent Unfinished Business With the World’s Oldest Bank

In his former role as governor of the Bank of Italy, Draghi was partly responsible for Monte dei Paschi’s di Siena’s decline. Now he must reverse it.

Yanis Varoufakis: Trumpism after Trump – NEWSWEEK Magazine, Interviewed by Basit Mahmood

Varoufakis believes Biden Administration fecklessness and love of austerity will strengthen the Trump faction.