Spain Takes a Giant Step Backward, Towards Its Dark Past by Don Quijones • Dec 20, 2014 • 5 Comments The Orwellian-titled “Law for Citizen Security,” or more aptly “Gag Law,” is opposed by 80% of the people, but no problem.
France Cut by Fitch, Kicked by Bundesbank, Jilted by Logic, Has Newfangled Solution: Sunday Shopping. And Blows it by Wolf Richter • Dec 15, 2014 • 6 Comments France comes up with another potent fix to its economic debacle. Hilarity ensues.
Spanish Judge Exposes Too-Big-to-Fail Bank Robbery by Don Quijones • Dec 14, 2014 • Comments Off on Spanish Judge Exposes Too-Big-to-Fail Bank Robbery It was all a big fat lie, and everybody – except retail investors – was in on it.
Google Strikes Back Against Spanish Newspaper Cartel by Don Quijones • Dec 12, 2014 • 1 Comment Spain tried to protect its mainstream media by attacking alternative websites and bloggers with a “Google tax.” Now Google has answered.
Eurozone Comes Back to Reality With a Crash by Don Quijones • Dec 11, 2014 • 2 Comments Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.
S&P Wakes Up, Cuts Italy to One Notch Above Junk, Economy Sinks into Terrific Mess by Wolf Richter • Dec 5, 2014 • 3 Comments But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.
The Smiling Face of Austerity: More Welfare for Rich Landowners in the EU by Don Quijones • Nov 25, 2014 • 4 Comments Extreme wealth is not just subject to virtually no tax; it is a magnet for public funds.
The Wrath of Draghi: Biggest German Banks Impose “Negative Interest Rates” by Wolf Richter • Nov 20, 2014 • 13 Comments “Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
Italy’s Crazy New Economy from Hell by Wolf Richter • Nov 14, 2014 • 17 Comments “We are crushed by our country’s debt.”
Luxembourg Takes the Heat, but the World’s Worst Tax Haven – the City of London – Remains Unscathed by Don Quijones • Nov 8, 2014 • 7 Comments There are a lot of tax havens in Europe. But they pale against the power of the City of London.
