Push for European integration is politics, not economics
byThroughout the European debt crises, Germany and its allies in the austerity camp have been urged by financial commentators, particularly in the United Kingdom…
EFSF
Why the EFSF will fail
by Vincent WoltersHow The EFSF Works: The European Financial Stability Facility (EFSF) was set up in order to provide relief to countries that are in difficulties….
The Chinese and the eurozone
by Alasdair MacleodThe basic market problem is there is too much sovereign borrowing for the money available, which would normally drive interest rates sharply higher. Some…
A rush from sugar or a rush to gold?
by Tim Price“We think we have an agreement, but we are not sure what it is.” – Negotiator at the Euro zone “crisis summit” last week,…
Slovakia should refuse an increase in the size of EFSF
by Juraj KarpišSlovakia’s parliament recently voted against the proposed increase to the EFSF. The BBC’s Rob Cameron says “a second vote could be held soon and…
CNBC: Corrigan discusses EFSF increase
by Dr Tim EvansIn his latest appearance on CNBC, Sean Corrigan discusses the EFSF increase and the upcoming stealth bailout of european banks.