Simon Miller is the Editor of Financial Risks Today
Its plus ça change, plus c’est la même chose this New Year in the eurozone as eurocrats fail to learn the lesson of last year: the fundamental flaw is the euro itself
Poor old Merkel, everyone thought her a Scrooge for not coughing up the cash. But on the night of Christmas Eve, she was about to have a strange visitation
The “historic” agreement between the eurozone and europlus countries may have pleased Sarkozy, but with no real action plan announced, Britain is better off not putting its keys in the fruit bowl
Central banks intervened on Wednesday to prevent a credit crunch but are they hitting the target or are we on a crash course in financial reality?
In a neat bit of cloth-stealing, the Chancellor sounded very Brownian in the Autumn statement today. Unfortunately, for the UK, this means higher borrowing for a while longer
The markets are showing signs of a spending strike making it harder for eurozone to sell debt. Time is running out and Germany needs to ask itself some serious questions
As German leaders lecture the UK over its debt problems and attitude towards the Eurozone, it is important to note that even Germany has a soft underbelly
With the wheels starting to grind slowly over Italy's debt crisis, the markets have reflected this. But we are not out of the woods yet
Silvio Berlusconi has offered to resign but 10 year bond yields have crashed through the "point-of-no-return" 7 percent barrier signalling the start of the death spiral for the eurozone
Everyone is talking about Greece but ignoring that elephant in the room – Italy. How much is actually at stake as the Eurozone fiddles while its countries burn?
Rejoice; a deal has been made; markets are calmed. But, unfortunately, the Eurozone agreement has added layers of bureaucracy, removed democracy and failed to answer the fundamental issue of the Euro itself.
Simon Wolfson has offered a £250,000 prize for anyone who can come up with a Plan B for the Eurozone. Simon Miller of Financial Risks Today says he’s got it: Abolish democracy!
Nevermind the bankers, we need to look closer to home and at what needs to change within the state system to prevent the real 99 percent from being seriously hit in the near future.
With the Eurozone chasing its own tail, it is vital that it doesn’t continue the very liquidity issues that everyone is trying to resolve.
So the drunk has been given the shot of whisky to get himself to the next pub, is he about to enter the last-chance saloon?
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