Earlier this week, the world witnessed two deals sealed by international powers: on Greece’s future in the European Union and on Iran’s future in the world. Both deals will have their political and social costs and profits, winners and losers.
The big change in the EU did not take a place and Scotland remains the part of the United Kingdom. Even though the largest city – Glasgow – voted for independence, NO won 55:45. But this is not the end of the game for Scotland.
Six years in Spain mean six years of falling real estate prices. If you invested in the average Spanish house in 2008, today you have 35% loss on your investment.
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.
Brussels occasionally gets sober from the intoxication of spectacular goals and strategies, paid by citizens. But sobering means that the goal is slightly less grandiose but in the end, likely purposeless and economically harmless.
Are all markets rigged by HFT? The SEC and FBI are going to try to find an answer to this question.
EU officers are angry. European banks came up with interesting news. If you want a house in Spain, you have a great chance now, supply increases. Illicit money scandal also in the Spanish government.
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 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,…
In our today’s trips around the Mediterranean we can watch how Greeks try to sell, Spaniards try to borrow and Italians try to stay inconspicuous. We will also have
