Tag: Eurozone crisis
There is no such thing as a guaranteed deposit
A new EU resolution is putting an end to the fallacy of the deposits guarantees in Europe.
» Read moreIrish prominent crisis watchdog blog quits
Should Germany repay Greece on war reparation?
Just like Greece should not repay its current public debt to foreign investors, Germany should not repay Greece for war reparations debts.
» Read moreCyprus at crossroads between Europe and Russia
While the idea of bailing-in the Cypriot banks was good idea in principle, the way the Cypriot government and the troika implemented was very badly designed – not to say scandalously unfair. Now it’s up to the Cypriot People to demand a better plan. But which one? Everyone is blaming the troika for having tried to […]
» Read moreFrance: a housing market designed for the rich
Bankers prove basic income is feasible in Greece
So the greek central bank just announced the cost of the greek bank recapitalization : 27.5bn euros just for the 4 biggest banks, 40 bn overall. That could even top at 50bn, the Bank of Greece admits. This represents about 20% of Greece’s GDP. What a scam, isn’t it? Well, this is actually awesome: just by doing this, bankers are providing the
» Read moreCyprus’ concessions & troika’s confessions
Current negotiations between the EU and Cyprus’s government towards a bailout deal for over-indebted Cyprus could lead to an important confession from the troika: yes, private investors must and can pay the price of the crisis.
» Read moreA simple & powerful solution for banks’ public recapitalization
There is a simple solution for managing a public banking sector recapitalization without merely giving a free lunch to bankers : distribute equity to the People.
» Read moreProtesting against each others
Recent gay marriage debate in France unveils the rise of moral values as pretexts for ruling political debate.
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