The German supply-side reforms or will German companies take over the PIIGS ?
Words heart on German street in 2010 during the first Greek bailouts were that Germany should obtain the Greek islands as collateral if Greece is not able to pay back the debt to Germany. But even...
View ArticleGerman Economists and Merkel, the Implicit Followers of the Gold Standard
With ECB's OMT & "conditionality", that requires austerity and implicitly reduction of salaries in European periphery, Merkel & German economists have created consequences similar to a...
View ArticleThe European Transfer Union From North To South and from Poor to Rich between...
Cheap ECB rates and rising home prices helped to enrich Southern Europeans between 1999 and 2007. Germany's middle-class and poor, most of them not owning a home, were the ones that financed it.
View ArticleDeutsche Bank CEO Returns Home Empty-Handed After Failing To Reach ‘Deal’...
Following the seemingly endless procession of short-squeeze-fueling trial balloons last week - from settlement rumors to German blue-chip bailouts to Qatari investors - Germany's Bild newspaper...
View ArticleGreat Graphic: US-German 2-Yr Differential and the Euro
The US premium over Germany is at its widest since 2006. This is despite a small reduction in odds of a hike in December. There are many forces are work, but over time, the widening differential will...
View ArticleGreat Graphic: Italian Banks and a German Bank
DB and Italian bank stocks have been moving in tandem. They suffer from fundamentally different problems. The euro has been selling off as the bank shares rebound.
View ArticleL’Allemagne est le patron-sponsor de l’Eurosystem.
Lors des échanges commerciaux et interbancaires, il y a des banques émettrices de monnaie et vis-à-vis une banque réceptrice. Normalement, à la fin de la journée, tout cela devrait être ramené à...
View Article
