Merkel’s criticism of Orbán’s domestic politics came through clearly via independent media. The visit made it very clear how far Orbán is from the mainstream European opinion on issues of democracy and rule of law.
A former head of SPD, Matthias Platzeck, suggests the Western countries shall recognize the Crimea annexation by the means of backwards regulation on the level of international law.
Stupidity doesn’t characterise only boorish youngsters, whereas parochialism and outdated views are quite often problems of elderly men.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.
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.
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.
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.
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.
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.
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…
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…