“Severing ties with sovereigns is easy. Happens all the time here, when a client forgets to take it off…” – anonymous guillotine operator, Paris 1789 Advertisements
Knowing that much depends on confidence on the side of the markets, the Bank of Spain took a much protracted measure on February and lifted a bit the veil that covers the assets of Spain’s financial system. Some details were … Continue reading
Posted in Banks, Debt, Growth, Toreador
Tagged debt, financial reform, growth, real estate, reform, rescue, saving banks, spain
OK, you got me: I know I am by my own rules supposed to start these posts with a (supposedly) funny cartoon, but it so happens that drawing takes a lot of time. Sometimes it cannot be found and, worse, … Continue reading
The European Heads of State and Government who convened last Friday in Brussels for a leaders’ summit found a nasty surprise in their folders, courtesy of the Franco-German de facto presidency of the EU. Our spies in Brussels give us … Continue reading
Definitely, Europe is going through a rough patch. It hasn’t started celebrating the “end” of the Euro crisis and a new catastrophe might well be coming at full speed.
Posted in Angela, Carla, Eurotrash, Leprechaun, Politics, The tenpins, Toreador
Tagged democracy, Egypt, Europe, islamism, Morocco, reforms, Tunis
It’s a lean year, so they have been holding back, waiting for a moment when better bargains can be found. They have everything figured out, what they’ll buy; sizes, colours, shops and departments.