An Alternative for Decency
Stupidity doesn’t characterise only boorish youngsters, whereas parochialism and outdated views are quite often problems of elderly men. All the above-mentioned characteristics constitute Alexander Gauland’s problem.
Germany
Social Progress – Doing It the German Way
With Germany at long last imposing a nation-wide wage floor, the country’s slowly conforming to the rest of Europe. Come the crisis and the erstwhile ‘Sick Man of Europe’ became the continent’s economic valedictorian. Extremely low (for European standards) unemployment rate cemented the make-believe caprice that it would work.
Freezing Point
Clueless looks of politicians will be once again drawn to the ECB. In addition to reports on starting recession, they are supported also by the legend of deflationary spiral that regularly emerges from monetary depths to destroy the shoots of economic success.
Careful with CoCos – Fiat Euro! 21/2014
Europe is experiencing a boom in the contingent convertible bonds, in the Anglo-Saxon world also dubbed CoCos. These are the bonds which, at a certain point, convert to the shares of the debtor.
Daniel Kaddik: EU Skepticism is Triggered by Lack of Communication
Bulgaria became a member of the EU, it became a member of NATO, but still, I don’t think that the expectations that everybody had when it joined the EU in 2007 were matched to the full extent.
Landesbanken: The Monster Is Still Alive
The key question is: why should the German regional states own a bank? It has cost and still costs the German taxpayer a great deal of money to invest in boats, planes and property, yet brings the taxpayer few advantages for the risks incurred. Given the strength of our economy, this poor performance still looks very strange.
Upner Report 42/2012
Gold and silver are still in the correction phase. Switzerland is going to introduce a gold coin as official currency. Swiss army is prepared. Mario Draghi will kiss with everybody. Gold and silver were traded around $1737 and $32.7 per ounce at the beginning of the week. The story for this week is very similar as was for the previous one – correction. Both metals were smashed down on Monday but we could witness some…
I Integrate, You Integrate, They Don’t Integrate – Fiat Euro! 38/2012
The Southerners don’t want any help, but they keep sinking deeper and deeper. Will the Neo-Nazis lead Europe? Japanese QE worked for 9 hours. It seems that ECB can complete construction of its new residence before the Eurozone falls apart. If only there wasn’t this inflation… Eleven Ministers of Foreign Affairs agreed on what is supposed to save Europe. If you guess the answer is deeper integration then you got it right. Apart from the traditional…
The End of Siesta – Fiat Euro! 37/2012
The Hot Wednesday wasn’t that hot after all. Greece denies need for the third bailout package. Spaniards don’t want any bailouts either. Rompuy has a plan. Americans don’t want to be left behind. The Judgment Day came, but it didn’t bring any shocking surprises. Bailout mechanism is not against the Constitution in Germany and the parliament can ratify it. The opponents got a little gift at least, the court forbade automatic ESM increasing over the initia capacity,…
We Will Be Paying with Lira – Fiat Euro! 36/2012
Is the last fortification falling down? Spain used backup. American debt can ask for a driving license. And Bulgarians are ungrateful. Silly season ended in a big style. ECB decided on its meeting last week to resurrect the program of purchasing bonds of the problematic states under a new label. Forget SMP, here comes new and better OMT – Outright Monetary Transactions! Apart from bubbles of active oxygen, it also offers lack of limits, sterilization and consolidation….
