Don Quijones: Wrath of Draghi Hits Germans Who Refuse to Blow Their Savings
Draghi plans to beat savers until morale improves.
Read more...Category Archives: Europe
Nuland Tells Cyprus To Cut Russian Ties – Pressures Anastasiades To Accept Nato Plan For Turkish Troops In Cyprus
Victoria Nuland is leading a US effort to pressure Cyprus to accept a secret NATO plan to keep Turkish forces on the island.
Read more...Greenpeace Leak Exposes Big EU-US Rifts, US Thuggishness, in TTIP “Trade” Negotiations
A leak of a major set of TTIP documents may throw a spanner in the works of a deal that is already contested in the US and EU.
Read more...Trade Costs of Border Controls in the Schengen Area
Granular analysis of the cost of imposing border controls along refugee routes versus ending the Schengen system, as well as who has the most to lose.
Read more...So Which Eurobank is Having Dollar Funding Problems?
Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
Read more...Don Quijones: A Blow to Transatlantic Corpocracy – Support for TTIP Begins to Unravel
Why the TTIP “trade” deal is looking wobbly.
Read more...Star Trek or The Matrix? Varoufakis’s Challenge to Neoliberalism
Varoufakis gave a wide-ranging talk on the considerable conflict between neoliberalism and democracy, and why democratic rule produces better results.
Read more...Mathew D. Rose: Merkel’s Refugee Strategy – A Brown Nose Becomes the Chancellor
Toadying up to dictators and intervening in failed states are major elements of Merkel’s new improved refugee strategy.
Read more...Italy’s Atlas Bank Bailout Fund: The Shareholder of Last Resort
By Silvia Merler, former Economic Analyst in DG Economic and Financial Affairs of the European Commission (ECFIN) and an affiliate fellow at Bruegel. Cross-posted from Bruegel. In Greek mythology, Atlas the Titan was condemned by Zeus to eternally hold the weight of the sky on his shoulders. A mythological struggle that has recently made the […]
Read more...How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
A good overview of how fiscal rules gave neoliberal ideology and unaccountable bureaucrats the upper hand in the EU.
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...John Helmer: What The USS Donald Cook and Polish Navy Were Doing Off Kaliningrad When They Were Buzzed By the Russian Air Force
The narrative of Russian planes buzzing a US destroyer is not as simple as it first appeared in the press….
Read more...The Dirty German Ditty That Got Erdogan So Angry That He Sued
It appears that Erdogan never got the memo: if you are going to be in politics, you need to have a thick skin.
Read more...Mathew D. Rose: The Remarkable World of Angela Merkel and Her Friends
With friends like Merkel’s, who needs enemies?
Read more...Intra-EMU Divergence Is A Feature Not A Bug
Yves here. I’m leery of reinforcing the “competitiveness” meme, since it’s based on the false premise that all countries can be exporters. But this article nevertheless makes important observations about Eurozone structural flaws.
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