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Can the undemocratically appointed Mario Monti save Italy?
Published on 2011-11-15 09:43:17
The last week’s news has been all about Italy and more recently the appointment of Mario Monti in an undemocratic process that ensures that a pro-EU man is head of the country. There’s no doubt that Italy needs some strong guidance but with Super-Mario’s appointment democracy has gone out of the window. This sets yet [...]
The Greeks will vote no to austerity and then default anyway
Published on 2011-11-02 16:26:46
As if the Greek government could possibly cause any more trouble. On Monday they announced a national referendum on accepting the austerity measures demanded by the EU and and IMF so that the next tranche of bailout money can be paid. This led to the markets taking a nosedive yesterday (Tuesday). The problem, and every [...]
The Vickers Report is useless and won’t bring banking reform
Published on 2011-09-12 15:24:29
Now that the Vickers Report is out the banks seem to be facing some serious changes in the levels of funding they need in their balance sheet and a ring-fencing of retail operations. However, in my view, this whole thing is a PR scam and will change very little long-term. First off: the ring-fencing doesn’t [...]
