The central bank of Cyprus has been discretely bailing out cypriot banks through emergency liquidity assistance operations since september 2011, my analysis reveals. Read it here.
How Iceland managed its financial crisis is often quoted as being a real alternative to the debt crisis in Europe. However, there are a lot of misunderstandings surrounding the icelandic case. I tried to clarify the truth in several posts. Here is a short summarize of what people should understand. Continue reading
An initiative to establish a new federal law “For an unconditional basic income” was formally introduced in Switzerland in April. The idea, which consists quite simply of giving a monthly income to all citizens that is neither means-tested nor work-related, has generated commentary throughout the Swiss blogosphere. My review can be read on Global Voices.
My take on the French elections results:
Today we are witnessing a defeat of Sarkozy without any victory, except the one of denial, immobilism and the triumph of the two-party system. But don’t worry, this is just a short holiday before the delusion and the coming back of hard truths.
More on Boiling Frogs
I’ll be talking about basic income for the Transeuropea festival, during a round table about “Alternatives to austerity”. The event will take place in Paris next 13rd of may. Continue reading
While complexity and opacity of finance is unfortunate, to some extent it appears that such complexity and opacity is necessary for the good functioning of the economic machine. Understanding finance’s opacity is thus necessary to reform our modern financial system.
A rumor is currently trending in France: Sarkozy would be the instigator of the launch by Eurex of a new market for derivative on French bonds. For some, the move is intended to stimulate market pressure on french debt and thus give credit to austerity speeches. However, these information are highly subject to misunderstandings and fake informations.
You can read my analysis on my english blog.
French press get it wrong about the so called “deal” reached by the Irish government with the ECB and European Commission.
Legal limbo, conservativeness of monetary authorities, and lobbying from traditional actors: tomorrow’s finance startups struggle to emerge in France. Read my investigation on the topic here (in french).