Mario Draghi didn’t do it but Kim Jong-un did

Inauguration of the European Central Bank's new premises on 18 March 2015 in Frankfurt am Main, Germany. Mario Draghi (in the middle) cuts the ribbon. (European Central Bank Audiovisual Services).

Last Thursday, Mario Draghi, the President of the European Central Bank, was unable to move the capital and money markets with his customary monetary policy Press conference in Frankfurt am Main. On the contrary, North Korea’s leader Kim Jong-un, a global castoff, did it the next day just by pressing a button. However, it took […]

WEF Davos 2016 LIVE: Banking moguls continue brandishing financial Armageddon to intimidate us all but in Davos they worry about the very distant future

Davos Switzerland, 19/1/2016 - Leonardo DiCaprio (L), Actor and United Nations Messenger of Peace for Climate and Founder, Leonardo DiCaprio Foundation - LDF, USA, (next to him on the right) Hilde Schwab (C), Chairperson and Co-Founder, Schwab Foundation for Social Entrepreneurship, ( together with her husband Klaus Schwab they founded WEF) and Joseph R. Biden Jr, Vice-President of the United States of America applaud during the Opening of the Annual Meeting 2016 of WEF. WEF swiss -image.ch/Photo Monika Flueckiger.

On Thursday 7n January this newspaper commented that behind the capital markets selloff, which shook the financial world in the first week of this year, were the financial moguls who want to impose their terms to central banks and mainly the American Fed. Since then stock markets keep losing a lot of grounds every day. […]

The time is up but the game is still not over for Greece: negotiations continue in anticipation of a new deal

The one man that opened the pandora's box in Greece and EU. Alexis Tsipras, the Prime Minister of Greece at the last European Council, (TVnewsroom, 26/06/2015)

The deadline of the 4-month extension that the Greek government had received on February 20 just expired today. However, the Greek government and particularly the Greek Prime Minister Alexis Tsipras on a last moment decision to return to the negotiating table sent a letter to the institutions only hours before the expiration of the bailout programme. […]

Italy can stand the US rating agencies’ meaningless degrading

Mario Draghi, Governor of the European Central Bank and Chairman of the Financial Stability Board.

Last Friday the Fitch rating agency downgraded Italy’s long term creditworthiness to “BBB+” from “A-“, with negative outlook. The American firm did that with a delay of many days after the Italian elections, citing as reason the unconventional results of the vote. It is important to note however that capital markets themselves, after the initial […]