With the Italian elections set for 4 March and anticipated to produce a hang parliament, four out of the five bigger European countries will be in political limbo for a good part, if not for the entire new year 2018. France is the only exception in this Euro-plague of political uncertainty. In some cases the […]
Minority governments ‘à la mode’ in Europe but can they last long?
Catalonia secessionist leader takes Flemish ‘cover’; Spain risks more jingoist violence
The Catalonia crisis and the aftermaths after its diffusion can offer valuable lessons for the nature of jingoist politics and the motives, goals and the character of its main actors, on both sides of the fence. The Catalan secessionists led by Carles Puigdemont proved experts in setting the fire, but were incapable of making anything […]
EU revengefully shows no mercy to Cameron by demanding a fast and sloppy Brexit now
One of the most historicals EU summits is taking place today in Brussels with 27 instead of 28 member states attending the meeting, leaving Britain and David Cameron out due to the recent decision of the British people to vote in favor of leaving the European Union. The EU referendum has caused severe consequences not only to […]
European markets itchy with short-term disturbances
European markets had a very bad day yesterday, Monday 4 February. During the first hour of business bourses all over Europe, the euro included, had a discouraging start. The largest losses were monitored in the Paris stock exchange, with the CAC index losing around 3%, a large percentage change for a prime market. In view […]
South Eurozone countries threatened by rising borrowing cost and expensive euro
A strange combination of the expensive euro (undermining external competitiveness) and worsening market conditions for sovereign borrowing by south European countries, are increasing the pressures on the four crisis stricken Eurozone member states, Greece, Spain, Portugal and Italy. In this way the positive developments of dropping risk premiums that prevailed since the beginning of the […]