Common Sense
ECB
Is Mario Draghi Catalonia’s Best Friend?
Is Mario Draghi Catalonia’s Best Friend? An article in Bloomberg today argues that Mario Draghi’s backstop of EU member state debt is actually fomenting the Catalan Independence movement[1]. As President of the powerful European Central Bank, Mr. Draghi has promised to “do whatever it takes” to save the Euro, emphasizing: “and believe me, it will […]
Bumbling and Stumbling in Cyprus
Burning Down the House On Saturday, March 16th, EU Finance Ministers and IMF representatives announced that a deal had been reached with representatives of Cypriot President Nikos Anastasiades’ government to provide assistance to that nation’s beleaguered banks[1]. That was the good news. The “Men in Black” then disclosed the details of the agreement: Cyprus would receive €10bn […]
España…Adiós!
The ECB Governing Council met today, and markets were expectant to see what would result. Last week, Mario Draghi promised to take “any measure” to save the euro, and promised that “it would be enough”. So investors were naturally expectant of some combination of: A promise to buy Spanish and Italian bonds directly on the primary […]
Common Sense
- Everyday Hero August 4, 2014
- Thinking Outside of the Gaza Box July 30, 2014
- Catalonia: July Update July 25, 2014
- Gibraltar: Addendum July 24, 2014
- Gibraltar: A Firmer Response Is Needed July 20, 2014
© 2014 Common Sense. All Rights Reserved.
Powered by WordPress. Designed by 