In Spain it will be hot after the summer. Judgment day will be on September 12. Did you sell grandfather’s gold teeth in Italy? We are treating depression by delivering news about bad situation our neighbours are in. The heat is slowing down the pace of society, but if you think it will slow down the pace of the crisis in the Eurozone, you’d better check if you don’t have sunstroke. Even though the news…
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 hitting the ground. When Silvio is talking, rating agencies are listening. New chairman of the Council for Budget Responsibility and former governor of the National Bank of Slovakia Ivan Šramko claims that there is no alternative for…
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 even before it is set up? Troika still hasn’t gone to Greece to assess the situation there. Local leaders are affected by health problems – both Prime Minister and Minister of Finance were…
We’ve been walled up. Greece has government but money is still missing. Which German team will win the European Championship? FED playing games, another package is postponed. How many Olympic medals will the EU-funded United Nations of Europe get? Let’s start from the end, namely from what happened last week. Eurozone is on fire and Europe instead of putting it down, sets up a bailout firewall. Slovak MPs just placed us on the wrong side…
Golden goal in Spanish net. Spain (unfortunately) is not Uganda! What level of interest rate Italian debt has to reach so Europe would decide to help them? Penalties and expropriations for layoffs –labour market reform done in a French way. In which countries economic laws don’t apply? And who will pay for that? Even 11 Marhsall plans didn’t help. Courage in a Slovak way. First Things First. Congratulations to the Queen Elizabeth II on her…
France makes promises and Commission is happy. Will Spain get gifts during the weekend? Be careful about your language, there is always somebody listening. Is euro a dogma? Will it rain dollars or are we facing a dry summer? Silvio is joking again. In a detailed analysis of French public finances, the European Commission expressed concern if the country will be able to fulfill the deficit target 3% of GDP in the year 2013 and it warned…
Greek run continues – sPain or sPanic? Fiscal rules will be strict. Right after exemptions for Spain, Italy…Will Spiderman save the banks? Can somebody who doesn’t pay taxes criticize others for not paying taxes? Who works the hardest in the EU? Will Greeks unveil the European bluff? Jogging on banks in peripheries continues. EUR 31 billion (1.9%) were withdrawn from Spain in April. Portuguese central bank also warns against possible withdrawal of the deposits from…
Another unnecessary summit, politicians know how to focus and agree only when they are under pressure from the bond markets. Who is ready for Grexit? A feast on German
Will Germany open its arms to the call from new French leader Francois Hollande for growth supporting measures instead of pure austerity imposed by the Sarkozy-Merkel duo? That was the key question at the European Union summit held in Brussels last week. Taking a decisive step in ramping up the European effort for containing for the ongoing debt crisis could not be expected. The issue of European Financial Stability Facility (EFSF), the €700 billion rescue fund…
Radicalism in France: „it’s not a sin to make money!“. Free movement of people is in danger. Why everyone has to save money just the EU doesn’t? Britain is back in recession.
