The Franco-German axis considers that all EU needs now is more armaments

Last Friday in Bratislava, the Slovak capital, the 27 EU leaders met for the first time without the British Prime Minister. Reportedly they diagnosed that the Union has a grave problem, distancing itself from the people. Of course, the frustration of voters with the EU has not manifested itself just in the Brexit. Brussels have […]

Eurozone’s credibility rock solid

The European Stability Mechanism (ESM) issued yesterday its first short-term debt paper (bills), which met an unprecedented success in this capital market auction. The bid/cover ratio was 3.2. This means that for every euro of this debt issue, investors offered 3.2 euros. The bills mature on 4 April 2013. In detail this ESM’s bill issue […]