taxpayers’ money

lksjd

Bring the Pickles scheme on over the EU

LONDON | Calls for further fiscal integration of the euro country members come extremely timely. Besides, they tackle the heart of the absurd problem that has been drowning since its foundation the common currency area a little bit deeper every day: utter disorganisation. The same goes for the banking union and budget authority. But these grand advances in the euro zone’s structures will need time and some effective communication strategy…


austreity

Spain’s government must pass by blackmail from counter-austerity lobbies

By Carlos Díaz Guell, in Madrid | No one in Spain is going to make it easy for the Rajoy government. Policy reforms and budget cuts undertaken by the cabinet, although considered timid and inadequate by many, will inevitably leave a number of victims in the ditches and they don’t seem willing to let this occur without doing anything against it. The business sectors (most of them) affected by constrictions in public spending…


No Picture

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. A weird US town teaches a lesson on small business survival La Camorra never sleeps European banks and capital reserves: never enough? Arguments inside the IMF Ha. Traders protest the system is not fair US…


mn

Equities don’t like it when Quantitative Easing ends, warns Morgan Stanley

From a Morgan Stanley research note, a cautionary tale on what happens when the US Federal Reserve’s Quantitative Easing tap is closed and, more globally, when central banks stop supporting currently struggling economies in the developed countries. Analysts describe QE termination as one of the main risks of the next stage in the cycle… in Europe, too. “Our analysis of European equities around the first hike by the Fed historically…