French elections: a defeat without victory
So, François Hollande wins the elections against a Sarkozy on its last legs after a disastrous mandate. Again, not such a surprise. Sometimes life is quite boring when you are one step ahead.
» Read moreThe end of easy growth
While chief economist at the IMF, Raghuram Rajan was one of the very few economist that prevented the crisis before 2008. The True Lessons of the Recession, his last paper (pdf) is definitely worth reading: In fact, today’s economic troubles are not simply the result of inadequate demand but the result, equally, of a distorted supply side. For decades before the financial
» Read moreAddressing the complexity of finance
While complexity and opacity of finance is unfortunate, to some extent it appears to be needed for the good functioning of the economic machine. Understanding finance’s opacity is thus necessary to reform our modern financial system.
» Read moreFrench banks withdraw their money from PIIGS countries
Another warning signal that the euro crisis is far from over : French banks withdrew roughly 62bn euros from the so called PIIGS countries last quarter, Bank for Settlements’ new data release shows.
» Read moreIs the ECB secretly bailing out Cypriot banks?
The European Central Bank is suspected of providing emergency liquidity assistance Spanish banks. However, there intriguing evidences that Cyprus banks are primarily benefiting from this discrete liquidity support.
» Read moreDemocratizing Fed’s cheap money
What if everyone had access to cheap money central banks are flooding into the financial markets since the beginning of the crisis? Last week, The Washington Post published a nice post that raises the question.
» Read moreLa gueule de bois
I was not expecting anything from these elections, but still I feel disappointed. No by the results in itself, but rather by the absence of any sort of surprise.
» Read moreWhat can the World expect from France?
Today is an election day in France. But if you expect some surprising news, you had better to check out this few radical ideas that will emerge soon.
» Read moreFrançois Hollande’s monetary backflip
In a recent speech on the air of the radio Europe 1, the socialist candidate François Hollande advocated for statuses reforms of the ECB in order to allow Frankfort to “lend directly” to the eurozone States. His move contradicts what he said in the past.
» Read moreSpanish (undoubtful) fact of the day
Today, the central bank of Spain published its monthly statistics on doubtful assets owned by its private banks. Doubtful assets are mainly composed of non-performing loans or arrears. In other words: money owed to banks that household or companies are possibly not going to pay back. Without surprise, the amount of these bad assets is still rising.
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