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Is There A Double Dip Risk In Germany?
Is There A Double Dip Risk In Germany?
fistfulofeuros.net — This is not an idle question. Despite all those bullish headlines in the press, most informed observers... - including Bundesbank head Axel Weber - are only to well aware of just how fragile the German recovery actually is. Indeed only last week the OECD warned that Germany’s economy, Europe’s may ... (more) Is There A Double Dip Risk In Germany?
About that coal in Kosovo (II)
About that coal in Kosovo (II)
fistfulofeuros.net — A couple of years back, I wrote an article about Kosovo’s coal industry . Short version: Kosovo... has lots of coal, and most of it is middle-quality lignite. But the mines suffer from a horrible lack of investment; many of them are still using thirty to forty year old equipment. So both ... (more) About that coal in Kosovo (II)
Total Eclipse Of The Sun Hits Dubai World
Total Eclipse Of The Sun Hits Dubai World
fistfulofeuros.net — Back in the heady days of 2006 some 30,000 cranes, roughly a quarter of total global capacity,... were busy whirring away in Dubai. Today most of these devices have either left to find service in other parts, or lie silent, unused and unloved. In what is only the latest sign of the ongoing ... (more) Total Eclipse Of The Sun Hits Dubai World
Wasn’t Someone Else Involved?
Wasn’t Someone Else Involved?
fistfulofeuros.net — An op-ed guest writer for the New York Times opines : SIXTY-FIVE years ago, in November 1944,... the war in Europe was at a stalemate. A resurgent Wehrmacht had halted the Allied armies along Germany’s borders after its headlong retreat across northern France following D-Day. From Holland to ... (more) Wasn’t Someone Else Involved?
Are Russia’s Consumers Getting “Carried Away” With Themselves?
Are Russia’s Consumers Getting “Carried Away” With Themselves?
fistfulofeuros.net — “Cutting rates by 50 basis points here and there is not going really diminish the appeal of... the ruble,” said Manik Narain, an emerging markets strategist at Standard Chartered Bank Plc in London. “In terms of nominal interest rates Russia (at 9% as of 24 November) is still offering the highest ... (more) Are Russia’s Consumers Getting “Carried Away” With ...
Ireland: The Reign of the Salaryman
Ireland: The Reign of the Salaryman
fistfulofeuros.net — There is something very traditional about the Irish economic crisis. If you consider the staples of 1980s... economics, they were the ideas that nominal wages adjust very slowly downwards and that labour markets segment strongly into insiders who are able to hold onto jobs in recessions and ... (more) Ireland: The Reign of the Salaryman
EU Lisbon jobs open thread
EU Lisbon jobs open thread
fistfulofeuros.net — It’s now clear that the Thierry Henry assist on the William Gallas goal last night is going... to generate more commentary and interest than tonight’s filling of the new EU jobs (Council President, High Rep. for Foreign Policy, and Secretary General of the Council), but nonetheless, we ... (more) EU Lisbon jobs open thread
The new Tory party: desert for everybody
The new Tory party: desert for everybody
fistfulofeuros.net — It’s taken me a few days to get aorund to it, but here’s my take on David... Cameron’s equality speech ( The Big Society: Hugo Young Lecture, 10 Nov 2009 ). Cameron name checks Wilkinson and Pickett and says that they “have shown that among the richest countries, ... (more) The new Tory party: desert for everybody
Just How Much Of A Eurozone Rebound Really Was There In Q3?
Just How Much Of A Eurozone Rebound Really Was There In Q3?
fistfulofeuros.net — Sorry, and I apologise in advance: in this post I’m going to be a nit-picker . The... question in hand is the Eurozone third quarter growth one, and the story is all about differences (between countries) and these differences in the key cases (France and Germany) are in many ways all about ... (more) Just How Much Of A Eurozone Rebound Really Was There In Q3?
Cheerful Weekend Reading
Cheerful Weekend Reading
fistfulofeuros.net — In a fit of timeliness, I have read the first volume of the report by the Independent... International Fact-Finding Mission on the Conflict in Georgia (IIFFMCG), colloquially known as the Tagliavini report. T he report drew attention when it was published at the end of September for its headline ... (more) Cheerful Weekend Reading
the least significant bill the House of Commons will ever see
the least significant bill the House of Commons will ever see
fistfulofeuros.net — I probably shouldn’t be, but I’m quite shocked by the fact David Cameron is proposing a piece... of legislation that will, on its own terms, have no effect whatsoever. I mean, of course, his “UK Sovereignty Bill”; this horror would “reiterate” that the British ... (more) the least significant bill the House of Commons will ...
How Tony Blair lost the presidency 20 years ago
How Tony Blair lost the presidency 20 years ago
fistfulofeuros.net — It’s the 9th of November…so, in total observance of my usual standard operating procedures , let’s think... about the European presidency, or as my wonderful, wonderful Soizick puts it, who’s going to get the job of being Tony Blair. It looks a lot like the lucky girl ... (more) How Tony Blair lost the presidency 20 years ago
Immediately. Without Delay.
Immediately. Without Delay.
fistfulofeuros.net — From the assembled press, someone shouts a question, “Effective immediately?” “I have been informed that such an... announcement was prepared today, you should already have a copy. According to my understanding, that is immediately. Without delay .” Twenty years ago this ... (more) Immediately. Without Delay.
History of the Mafia by Salvatore Lupo
History of the Mafia by Salvatore Lupo
fistfulofeuros.net — Seeing that the Italian Mafia has been generating headlines again , this may be a good opportunity... to let our readers know about a new book by Columbia University Press: History of the Mafia by Salvatore Lupo . The book was first published in Italian in 1996 and has now been translated into ... (more) History of the Mafia by Salvatore Lupo
The Dollar As A Funding Currency
The Dollar As A Funding Currency
fistfulofeuros.net — Nouriel Robini is not a man who is known for mincing his words. “We have the mother... of all carry trades,” he tells us, “Everybody’s playing the same game and this game is becoming dangerous.” There is a “wall of liquidity” sweeping the planet, pushing asset prices ever higher in one country ... (more) The Dollar As A Funding Currency
Death on the Tisza
Death on the Tisza
fistfulofeuros.net — A sad story from the edge of Europe last week: fifteen Kosovar Albanians died trying to cross... the border between Serbia and Hungary. The border there is a a river, the Tisza, which is a large and swift-flowing tributary of the Danube. The Albanians were illegal immigrants trying to move from ... (more) Death on the Tisza
Welcome to the Lisbon Era
Welcome to the Lisbon Era
fistfulofeuros.net — Czech President Vaclav Klaus, after much hemming and hawing, signed the Treaty of Lisbon this afternoon. It... is expected to enter into force on 1 December 2009. This success is undoubtedly the highlight of the Swedish Presidency , which made concluding ratification a top priority. Prominent ... (more) Welcome to the Lisbon Era
Norwegian Wood
Norwegian Wood
fistfulofeuros.net — Well, if John Lennon had still been around today he would undoubtedly have entitled his song Norwegian... oil, but whatever way you want to put it Norway is back in the news, and this time not because of adolescents who find themselves with no alternative to sleeping overnight in the bath-tub, but ... (more) Norwegian Wood
Global Manufacturing, France Outperforms, As Spain Continues To Flounder
Global Manufacturing, France Outperforms, As Spain Continues To Flounder
fistfulofeuros.net — Well, it is not as if I relish rubbing salt into old wounds, but this quote from... the latest piece by Ben Hall in Paris and Ralph Atkins in today’s Financial Times is just too good to resist. French manufacturing output rose at its fastest rate for nine years, according to a survey on ... (more) Global Manufacturing, France Outperforms, As Spain ...
And together, they fight crime!
And together, they fight crime!
fistfulofeuros.net — A Vietnamese immigrant, brought from that war-torn country as a tiny child. A baron, the grandson of... a princess, who lives in his family’s five-hundred year old castle. A widow who once worked for the patent office. A paraplegic. A huffy gay man. A former captain of ... (more) And together, they fight crime!