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 EUR 31 billion (1.9%) were withdrawn from Spain in April.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
The Euro Bill is project run by Slovak think tank INESS, which tracks all guarantees and expenses related to euro zone rescue efforts. The May update includes several changes, related mainly to the spring default of Greece. Paradoxically, the overall sum of guarantees dropped slightly to EUR 1860 per capita (in Slovakia). This is due to casino online “accounting” changes. The buy cheap cialis online old IMF program, which granted Greece EUR 30 billion together…
About the Greeks beating German-looking pensioners and Greek members of parliament playing black metal, while Merkel is happy to gamble with their lives. About fiscal pact, which is good in one country and bad in another one, about reducing debt with the help of magic and about American budgetary hockey game, which ended 99:0. After 3 000 years Greeks have improved the art of drama to the level of perfection. After practically nobody happened to agree…
As finance ministers sat together at the Ecofin meeting last week, the future of the Eurozone was at stake, with Greek political deadlock casting a shadow of darkness over its own euro existence. Greek President Karolos Papoulias was going to ask politicians last Tuesday to stand aside and let a technocratic government be formed to avoid bankruptcy of the heavily indebted Balkan country even though radical leftists from Syriza party have already rejected the proposal…
Voters decided if they still want to live on others‘ money. Savings or growth? A false dilemma with irresistible sex appeal to politicians. The Golden Dawn in Greece. Why Hugh Hendry is concerned about his assets in Europe? In Spain thr nationalization of banks‘ debts is launched – will they manage to break record annual deficit of Ireland (32% of GDP)? French and Greeks were voting during the weekend. Results of both elections will lead to…
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.
Will a knight from the executive board of ECB buy problematic bonds for his private portfolio as well? Are the „fiscal pact“ and ESM unconstitutional? Do you know that through the European funds you are also contributing for the early retirement of the boss of the company which was bought by Facebook for a billion dollars. It seems that the period of peace brought about by the massive intervention of ECB is coming to an end. The…
Europe promised even more money which it doesn’t have, Spain promises painful cuts, Slovakia higher taxes. Euro Bill keeps increasing, we will pray for its rescue and just 11-year-old Dutch children want to expropriate Greeks. We will start this week rather gloomily. On Wednesday morning an older man, former pharmacist Dimitris Christoulas, committed suicide by shooting himself at the busy square in front of the Greek parliament in Athens. He left a letter, in which he…
