Stratfor: can Europe’s banks break free from their doom loop?

Summary: Banks are the financial heart of modern nations, and Europe's are in trouble. One of its greatest, Deutsche Bank, has severe problems. Here Stratfor looks at the perilous state of Europe's banks, looked in a doom loop by their holdings of government bonds. Can the Eurozone Break Its 'Doom Loop'? Stratfor, 16 February 2017. … Continue reading Stratfor: can Europe’s banks break free from their doom loop?

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What can we learn from Greece’s crisis?

Summary: Now the final act has probably begun in the long divorce of Greece from the European Monetary Union. Ignore the predictions. They're just wild guesses. Rather let's take this moment to contemplate how Greece -- and Europe -- got here.  {1st of 2 posts today.} “Europe will be forged in crises, and will be … Continue reading What can we learn from Greece’s crisis?

Stratfor: A high stakes cage match – Nationalism vs. the European Union

Summary:  The European Union appears to be starting its long-predicted endgame, when its  design flaws create insolvable crises. This analysis by Stratfor goes to the heart of the EU, describing the forces that seem likely to halt or reverse the 65 year-long march to unification. They make a bold prediction which, if correct, will change … Continue reading Stratfor: A high stakes cage match – Nationalism vs. the European Union

Today began the next phase of the great monetary experiment, as reality plays a trump card.

Summary: Today began the next phase of the great monetary experiment, the collision of Central Bankers' bold promises with reality.  History suggests skepticism about the odds of CB's success (e.g., see the many unbreakable currency pegs and unions which broke). Today the Swiss National Bank folded its cards. Here we discuss the significance of this … Continue reading Today began the next phase of the great monetary experiment, as reality plays a trump card.

What’s happening in Greece? News from the front lines of Europe!

Summary:  The euro crisis began 30 months ago. The cheers for each new solution proved unwarranted. Likewise the fears of the skeptics, as the periphery nations have held together under horrific stress. So far. Here we look at public sentiment in Greece. See the For More Information section at the end. My guess: Europe's leaders … Continue reading What’s happening in Greece? News from the front lines of Europe!

Last week they spoke comforting words, but I saw only the frightening aspects of the euro-crisis

Summary:  Although entertaining as gallows humor, last week's statement by ECB President Mario Draghi illustrates important but seldom discussed aspects of the euro-crisis. Here we read and annotate the text. It's an oddity of our time that people tend to rely on secondary sources -- journalists and pundits -- to learn what the world's leaders … Continue reading Last week they spoke comforting words, but I saw only the frightening aspects of the euro-crisis

The hidden goal of Europe’s leaders. See it and then their actions make sense.

Summary:  As the euro-crisis, now in its third year, grows in breadth and intensity, many analysts conclude that Europe's leaders are stupid. Perhaps not.  Perhaps they pursue hidden goals.  Goals important to them, if not to Europe's peoples. Many people writing about the euro-crisis conclude that Europe's leaders are stupid.  How else to explain the … Continue reading The hidden goal of Europe’s leaders. See it and then their actions make sense.