Archive for: ESM

We have the Nobel Prize! – Fiat Euro! 41/2012

We have the Nobel Prize! – Fiat Euro! 41/2012

We received the Nobel Peace Prize. The British want to have their own laws at home. Will we pay new taxes to fill in the Eurozone’s budget? ESM is officially working, we will see how much it will finally cost us. Red Cross is going to help...

 

Open wallets – Fiat Euro! 40/2012

Open wallets – Fiat Euro! 40/2012

Finally we are sending ESM our money. Spain is waiting for a miracle. Greeks saved money for karts. Iranians made a bomb – inflationary bomb! Similar bomb is predicted by FED’s models. So we finally have it. After months of negotiations,...

 

New round of promises – Fiat Euro! 39/2012

New round of promises – Fiat Euro! 39/2012

Spanish economy is now producing nothing else but promises. Why to lock trash bins and how many policemen are needed against one disabled person? IMF against the EU, the EU against the core and China against the FED. All the eyes have been...

 

No new rules, but commitment to the old ones

No new rules, but commitment to the old ones

Are you catching up all the tools, actions and countermeasures designed to save the eurozone from a break-up? Let’s count them together. Bilateral loans to Greece, IMF loans, SMP, EFSM, EFSF, LTRO, Sixpack, Fiscal Pact, ESM, OMT… It’s...

 

Upner report 37- Soap opera continues

Upner report 37- Soap opera continues

Unexpected news came from Scandinavia last week. Sweden will have lower corporate tax rate than Slovakia! Last Thursday Swedish government announced its intention to lower tax rate from 26,3% to 22% in order to „strengthen climate for investments...

 

Draghi’s bluff revealed – Fiat Euro! 31/2012

Draghi’s bluff revealed – Fiat Euro! 31/2012

Central banks still don’t provide monetary opium, how long will the current illusions last without it? New taxes and economic growth. Milton Friedman would be 100 years old. Crisis is 5 years old. Last week we challenged the governor of the...

 

Poor philanthropists – Fiat Euro! 30/2012

Poor philanthropists  – Fiat Euro! 30/2012

When is going to happen the next Slovak cabinet billion-worth meeting? Is Draghi tough because Angela is on hliday? Will be two Greek bankrupts within six months a new European or Olympic record? What a week! When it come to euro crisis, there...

 

Waiting for ESM – Fiat Euro! 28/2012

Waiting for ESM – Fiat Euro! 28/2012

Is destabilization of the EU really the only alternative? German constitutional court takes its time. The state won’t allow any competition in manipulating interest rates. Many Spaniards have put all the eggs in one basket, which is currently...

 

Bankers are overworked – Fiat Euro! 27/2012

Bankers are overworked – Fiat Euro! 27/2012

ECB trade unions protest, Barclays collects all the prizes both at home and abroad, Sarkozy packed toothbrush and pajamas – just in case, Finns and Dutch are disobedient, Klaus witty about the Europe as always. And you know who rules the...

 

Slovakia will guarantee loans for Slovenia – why not?! – Fiat Euro! 26/2012

Slovakia will guarantee loans for Slovenia – why not?! – Fiat Euro! 26/2012

Who wants to be Minister of Finance of Greece should report to the director. Everyone in ECB was following football,  players used as a collateral were playing. Will ESM turn into  European zombie banks hedge fund? Will ESM run out of resources...

 
 
 
 

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