Clik here to view.
Eurozone Imploding as Prime Minister of Greece Writes Open Letter to Head of...
Italian bond yields have exploded upwards past the critical sustainability zone, Berlusconi has fired tried to fire his finance minister who had held the entire show together and the share prices of...
View ArticleClik here to view.
Münchau: Plan D Stands For Default and Death of Euro
From Wolfgang Münchau’s regular column in the Financial Times, Plan D stands for default and death of euro: The biggest single danger in the eurozone crisis now is that events are moving too fast for...
View ArticleClik here to view.
An Indecent Proposal to Deal With Europe’s Insolvent Sovereigns and Banks
Events in the last few months, and in particular the last week, have clearly revealed that Europe is riddled with insolvent sovereigns and insolvent banks. Moreover, European sovereigns and banks are...
View ArticleClik here to view.
Others’ Versions of the Indecent Proposal
Following Bailout 2.0 for Greece, with its convoluted Euro-speak terms (which have been translated into hilarious but on-target summaries by Macro Man) I have since read five six different essays on...
View ArticleClik here to view.
Fate of the Euro: More Indecent Proposals
Hans Olaf-Henkel, the former head of the Federation of German Industries (BDI) who has joined about 50 other business leaders in a legal challenge at Germany’s Constitutional Court against the Greece...
View ArticleClik here to view.
Sir Mervyn King: Most Serious Financial Crisis At Least Since The 1930s, If...
Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis...
View ArticleClik here to view.
Why I Oppose Financial Stability
Democracies are supposed to strive to deliver outcomes that advance the greater good of society. In a number of posts here on baobab2050.org I have been making the case that reining in public sector...
View ArticleClik here to view.
Where Did All The Money Go?
Friends and colleagues often ask me “Where did all the money go? someone somewhere must have it!”. I too used to wonder – until I read this dinner speech by Benoît Cœuré, Member of the Executive Board...
View ArticleClik here to view.
The Synchronized Global Jenga Block Games
In Australia, economist Steve Keen describes the RBA’s upcoming meeting as “High Noon Tuesday”. In Europe, Mike Shedlock covers the ongoing escalation of the Euro’s existential nightmare, as Italian,...
View ArticleClik here to view.
IMF: We Screwed Up
FT Alphaville reporting: Christine Lagarde has urged countries to put a brake on austerity measures amid signs that the IMF is becoming increasingly concerned about the impact of government cutbacks on...
View Article
