The German Constitutional Court (Verfassungsgericht) ruled the European Central Bank’s mass bond buying programme is in violation of German law (grundgesetz) and in breach of EU treaties. The ruling, made in Karlsruhe, Baden-Wurtemberg states that the ECB, in purchasing over €2.2 trillion of government bonds since 2015 has “manifestly” flouted EU treaty and exceeded itsContinue reading “The Slow Fuse of Euro Destruction is Burning”
Tag Archives: debt
Who Will Spearhead the Promised Recovery?
Marvelling as stock markets recover from their precipitous declines, swiftly regaining ‘Bull Market’ status, while reading prognostications of economic ‘bounce back’ and returning normality, one is overwhelmed by incredulity.
Eurozone Fiscal Fault Lines
The vexed question of pan Eurozone bond issuance sits at the epicentre of the vainglorious Euro project. No currency area can function coherently or sustainably without a central treasury and the political unity this represents.
Long Shadows
The long shadows of the 2008 financial crisis have left the global economy uniquely ill prepared for the unfolding economic catastrophe. Sovereigns, corporates and individuals alike have been actively encouraged to gorge on cheap lending, prompting a decade of ever spiralling debt simultaneous to a collapse in cash reserves, to maintain the illusion of economic health.
BROAD SPECTRUM 