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Of procrastination and the 1%
Rumor has it, Greece might not blow up in our faces (yeah, right…). Olli Rehn, European Economic and Monetary Affairs Commissioner, said that a deal is close. “If not today then over the weekend.” So...
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The ECB is a wizard
EU officials have extended the judgment day deadline, i.e. the deadline to strike a deal. for Greece to 15 February. Reuters had estimated a six-week administration period between agreeing on a deal...
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Fixing Greece with superglue
So it happened. Greece is getting its second bailout package, but really, the problem isn’t solved. The IMF more or less immediately said there would need to be a third round of funding; plus, the...
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Irrelevant info makes you stupid…
… ironically, news are kind of slow today. The ifo indicator of German business climate rose on the back of strong(ish) domestic demand. At the same time, the eurozone is said to contract by 0.3% in...
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And why wouldn’t Serbia want to join the EU right now…
Herman von Rompuy, the by far funniest looking European politician, was elected for a second term as president of the European Council. Kind of surprising that there was any kind of election...
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Stimuli and mercantilism. That’s Europe for you.
There won’t be a news brief tomorrow, 13 March 2012. After the Greek bond swap went through with less than 90% participation of private investors; those who didn’t want to play ball were forced into it...
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Looking like an idiot, looking like George Osborne
The Eurogroup met in Brussels yesterday to discuss a proposed Capital Requirements Directive for European banks. Denmark, whose banks are doing pretty poorly at the moment, suggested a compromise that...
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It’s a weird day when North Korea announces a tablet
I think I will refrain from telling you anything about the EU summit until tomorrow when the dust will have settled. Right now it might be too confusing and dramatic for any of us to handle, it looks...
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Election prep and Darwinian finance
With the US presidential election on the agenda for next week Tuesday, this weekend is used by all news outlets of the world and really anybody with a n opinion (thanks, internet…) to publish op-eds on...
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Go team Draghi
So we got ourselves a banking union. That is surprising for a number of reasons. First of all, the Eurogroup struck a deal. Secondly, the Eurogroup struck said deal before the deadline. Finally,...
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