Parallel downfalls of Merkel and Deutsche Bank threaten Germany and Europe

Only a few years ago, Germany’s stars of pride and accomplishment were personified and embodied in the unparalleled triumphant stories and achievements of Chancellor Angela Merkel and Deutsche Bank. They both had amazed Europe and the world, with their successes in the politico-economic universe. Until the legislative elections of September 2017, and probably sometime earlier […]

US-EU trade war: Berlin fearful of the second round

Finally, Trump did it. He declared war against his country’s closest and more loyal allies Canada, the European Union and Mexico. In the case of the EU though, things may be more complicated than the super tariffs on steel and aluminum products of 25% and 10% respectively, imposed as from 1 June by the US […]

Yellen and Draghi tell Trump and markets not to expedite the next crisis

The disappointment of financial markets with the lack of hints about monetary policy from the Jackson Hole gathering of central bankers is understandable. Both Janet Yellen, US Federal Reserve System Chair and Mario Draghi, the European Central Bank President while keeping their policy guidelines unchanged, choose to forcibly attack the demands of bankers – supported […]

Deutsche Bank chased away from US, threatened with more fines

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

What will the US look like under Trump? Was his election campaign a big scam?

Everybody agrees now that the President – elect Donald Trump won the 8 November election, by promising he will take good care of the Americans who are left behind in the era of globalization and of the global financial rackets. The first signs though indicate the opposite. His choices for the top Washington jobs are […]

Trump beats Clinton but Americans will learn the hard way that the US can’t change with an election

With a large part of voters disgusted from this US Presidential race, which reached unseen before heights of bitterness, hatred, toxic recrimination and another part of Americans ready to contest the result, had Donald Trump lost the race. In the end, he achieved a landslide win and will become the next President of the USA. […]

Trailing the US-EU economic confrontation

More than one economic pundit felt relieved learning that Eurostat, the EU statistical service last Friday estimated the September CPI inflation in Eurozone at 0.4%, the highest level in two years. Understandably, they think that the stagnating and almost deflationary euro area is leaving behind its grim past, aided by ECB’s liquidity injections of €80 […]

It’s Trump’s anti-globalization and inward-looking rhetoric that perturbs GOP and US

Never before in the American political history, a few months ahead of the November Presidential election, one of the two systemic parties had systematically undermined its own candidate’s prospects to win the White House race. The US Republican Party is currently doing that. Three weeks ago, 50 Republican Party security officials unanimously produced a document, […]

The US reject EU proposal for prudential financial controls

The North Atlantic economic volume, comprising mainly Eurozone and Britain on the one side and US and Canada on the other constitute the largest almost uniform playfield. Of the two sides, however, the more dependant on the rest of the world is the American one and more precisely the US, with its huge double deficits, […]

Is our brave new world about to burst?

“Splitting” is the magic word one hears nowadays all over the world in developed and developing counties alike, from Belgium, Spain, Scotland and Canada to Syria, Palestine, Iraq, Soudan, Libya and Turkey as if until now there were no divisions over national identity, incomes, wealth and natural endowments. Flemish, Flemish, Scots, Quebecois, Benghazies, Alawites, Kurds […]