Emilio Ontiveros: "We find ourselves in the hands of incapable institutions"
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Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: Are we all Greeks? Yes, we are It’s not just economics, euro sceptics! Apple's sleazy secret police lose their leader Czech leaders, arrogant and corrupt how to get your ex back Three US economic misconceptions…
What a difference a 0.25 makes
Italy, under surveillance. Berlusconi, record-less
Italian Prime Minister Silvio Berlusconi will have to postpone again the release of his next love songs record, titled True Love, after the third European economy has been forced to accept a surveillance action by the IMF and the EU during the introduction of the country’s reform plan. Italy has committed itself to perform a work reform, relax the restrictions on the corporate sector, change the age retirement from 65…
Enel Green Power’s Francesco Starace: “Spain is five years ahead in renewables”
Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated, celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…
Enel Green Power's Francesco Starace: "Spain is five years ahead in renewables"
Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated, celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…
Europe scores a win in the Top 10 Prosperity Index, but not the euro
Six European nations have made their economic way into this year’s Top 10 Properity Index, a worldwide assessment of wealth and quality of life, although only two of them belong to the European Monetary Union. Out of 110 countries, Norway and Denmark lead the rankings, ahead of Germany (15) and France (18). The Legatum Prosperity Index provides the world’s only global assessment of national prosperity based on both private and public finance,…
The European Central Bank must act as a last resort lender, or else
“45.5% of Greeks would vote in favor in the austerity referendum”
According to surveys that JP Morgan analysts have carried out for their investors, this is what the Greeks believe at this moment: Impact of Europe summit in Greece: 44% negative; 15% likely to be negative; 36% positive or probably positive. The agreement is a great loss of sovereignty for Greece: 49% Greece should stay within the Euro: 73% Greece should return to the Drachma: Less than 20% The agreement with Europe should be approved by: absolute majority…
"45.5% of Greeks would vote in favor in the austerity referendum"
According to surveys that JP Morgan analysts have carried out for their investors, this is what the Greeks believe at this moment: Impact of Europe summit in Greece: 44% negative; 15% likely to be negative; 36% positive or probably positive. The agreement is a great loss of sovereignty for Greece: 49% Greece should stay within the Euro: 73% Greece should return to the Drachma: Less than 20% The agreement with Europe should be approved by: absolute majority…