Ich hatte mich bisher kaum für WIRECARD interessiert. Just another Finanzskandal. Das ist ja auch in der Spar-Republik nichts Neues.
"The deal broke two historic taboos," writes The Economist. "First, Europe’s leaders agreed that the European Commission ... may incur debt at an unprecedented scale. The NGEU will be funded by borrowing over six years, with bonds issued at maturities extending to 2058. Second, €390bn of the €750bn will be distributed as grants, and hence … Continue reading M & M Push EU Across Rubicon
"No more lame duck" but Hoffnungstraeger ist Merkel jetzt als Euro Presidentin, schreibt Merkel-Biographin Judy Dempsey und diagnistiziert eine dritte Merkelwende. Auch Politico's Paul Taylor sieht einen Merkel Milestone Moment: "In the twilight of her chancellorship, Angela Merkel has secured her place in the pantheon of European statesmanship by agreeing to common EU borrowing to help the … Continue reading Merkel Momentum?
Expect nothing but a repeat variation of her 2012 Wolfgang Schäuble laudatio from consummate diplomat Christine Lagarde today. This is not the time to tell the Germans to get over their Schwarze Null fetish and spend money. Maybe there will be the odd softly spoken hint at clever new injection technology tunneling through southern debt mountains toward … Continue reading Lagarde Adagio Offuscato
To critics of capitalism, free markets and democracy, Herbert Spencer frequently responded, "There is no alternative." From the 19th century to the Washington Consensus via Charles Darwin, Margaret Thatcher, Francis Fukuyama, James Chen, Xiang Zhou, Michael Krämer, Angela Merkel, John Williamson, John Gray, John Kay, Christoph Pfluger and Mark Fisher.