by Don Quijones • • Comments Off on For Love Nor Money: The Bank That Nobody Wants To Buy
By Don Quijones: The Spanish government is desperately trying to offload one of the bailed out, nationalized, and supposedly fully restored banks. The problem: no one wants it.
by Wolf Richter • • Comments Off on Airbus CEO Calls For Currency War, Shoots Himself in Foot
Boeing got more orders in the first quarter than archrival Airbus. So at the ILA Berlin Air Show, Airbus CEO Fabrice Brégier spoke up against this ridiculous injustice. True to his Frenchness, he exhorted the ECB to do what central banks are supposed to do.
by Wolf Richter • • Comments Off on Russia Dumping US Treasuries? But Why the Heck in Belgium?
Belgium is known for its surprises. For example, it got by amazingly well for a couple of years without a national government, to the chagrin of a lot of people. Now that tiny country with a tiny economy is suddenly piling up a mountain of US Treasuries.
by Wolf Richter • • Comments Off on France Thumbs Nose at Obama Over Sanctions: Will Deliver Two Warships to Russia
The battle between the US and France has been brewing for months, but now it came to a head: the French government decided to spite the US and move forward with the contract to deliver two warships to Russia. To heck with those silly sanctions.
by Don Quijones • • Comments Off on Spanish Judge Crosses Line by Sending Bank CEO to Jail
By Don Quijones: The Spanish magistrate Elpidio Silva is just about the only judge in the Western hemisphere to have sent the CEO of a bailed-out too-big-to-fail bank to jail. Turns out, that was huge mistake.
by Don Quijones • • Comments Off on Mutiny of the Lab Rats: Europeans Grow Weary of EU Experiment
By Don Quijones: Europeans are pushing back against the EU Super State. Tired of being treated as lab rats in a dysfunctional economic and political experiment, a large minority will vote for euroskeptic parties in the nearing European elections.
by Wolf Richter • • Comments Off on Putin Parties With German Ex-Chancellor, Sanctions Be Damned
Putin is a master at this game. Even as the sanction spiral is supposed to strangle his ambitions for the Ukraine, he set up a photo op of incomparable ingenuity. And his confidant, ex-Chancellor of Germany Gerhard Schröder stepped in it with gusto.
by Don Quijones • • Comments Off on Liars, Damned Liars, and Spanish Banks
By Don Quijones: “Spain’s banks are back on track,” the Spanish Banking Association announced to great fanfare. That’s the official story. But these banks reported financial results that “bear no relation to reality.”
