The message of the day is "damn the consequences, the casino bar shall remain open", whatever it takes, no matter the consequences to taxpayers who will be responsible for the bar tab.
Bank of England Launches Two New Stimulus Packages
The BBC reports Bank shares jump on new business support plans
Bank shares have jumped in the wake of plans from the Bank of England to launch two new stimulus packages.
The recovery for most of the euro zone will certainly begin in the second half of 2013
PARIS — The eurozone’s crisis is far from over and its members must consolidate their budgets and forge a banking union to put the bloc on a more stable economic footing, the leaders of the IMF and European Central Bank said on Friday.
Europeans are bracing themselves for a severe case of post-holiday blues.
As the warm summer months draw to an end, the region’s sovereign debt crisis appears to be coming to a head.
Greek Prime Minister Antonis Samaras has initiated a charm offensive in an attempt to convince European leaders to give the debt-stricken country more time to carry out reforms, though Germany and France have already sent a strong signal that there will be no leeway for Greece.
Various high-level bureaucrats in the French government including prime minister Manuel Valls, finance minister Michel Sapin, and industry minister Arnaud Montebourg, are all singing the benefits of a weaker euro.Please consider France Steps Up Campaign to Weaken Euro.
When Can We All Admit the Euro is an Economic Failure?, by Tim Duy: The last
month of data flow from Europe is nothing short of depressing. It seems that
the history of the Eurocrisis can be summed up as a repeated effort to snatch
failure from the jaws of defeat. The Euro and the policy framework that
supports it is now clearly inconsistent with anything but sustained recession.