Monday, March 24th 2014, is the day for European Flash PMI. The data for March show that services and manufacturing sectors in France are expanding while contracting in Germany. The French flash Composite Output Index rose to 31-month high of 51.6, up from 47.6 in February and above estimates. Services sector expanded for the first time and…
In an Spiegel Online interview, George Soros says that as an investor he would be very pessimistic, especially about Europe and warns that Germany could develop into a hated, imperial power. On whether return to the deutschmark would be cheaper for Germany: There is no question that a breakup of the euro would be very…
It is very difficult to have a dry island in a severely over-flooded region. Germany’s economy is strongly dependent upon exports and nearly 44% of her export are to other EU countries. If the economies of EU countries like Greece, Spain, Portugal, Italy etc. get in trouble then to expect that Germany will remain unaffected…
Given Chancellor Merkel’s insistence on implementing austerity dominant policies to solve European crisis, you would think that people who are helping her develop such approach would produce articles that would support her position. Not so from Caille Millner, who used to be a fellow at the Konrad-Adenauer Stiftung – a think tank for the Christian…
From Reuters Spain is expected to ask Europe for help at the weekend with recapitalizing its stricken banks, EU and German sources said on Friday, becoming the fourth country to seek assistance since the euro zone’s debt crisis began.
The Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday. It could be a good thing or just another whimper. The news and statement do not provide too great a comfort. It may just be more of the same medicine. They effectively ruled out…
The famed hedge fund manager, George Soros, thinks that after election Greece will stick by current bailout agreements but would find it impossible to do so. further more, German economy will start to weaken by fall 2012. “The Greek crisis is liable to come to a climax in the fall. By that time the German economy will…
In the midst of the European sovereign debt crisis, investors are bidding for sovereign debt. On May 24, 2012 the yields on Austrian, Belgian and French bonds plunged to record lows. Earlier in the week, Germany sold zero-coupon bonds. US bond yields are also near their record lows. On Friday August 5, 2011, Standard & Poor’s…
Greece is stuck between a rock and a hard place. Next month it will go to poll – again – to determine who will govern it. The choices are not easy and it is quite likely that the result may be another hung parliament just like the one after the last election on May 6th. Things are not…
William K. Black of New Economic Perspectives writes that ex-President of ECB, Trichet is suggesting that EU give Greece a treatment that Governor Rick Snyder of Michigan gave to Benton Harbor: Michigan Governor Rick Snyder secured passage of “Public Act 4, the Local Government and School District Fiscal Accountability Act. The Act allows the Governor to appoint…
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