Category Archive: 2.) Europe and Euro Crisis

Main Author George Dorgan
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.
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L’Union européenne fait semblant de lutter contre l’évasion fiscale. Attac

2017-12-08

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2017-12-08

Les paradis fiscaux lovés au coeur de l’UE, de l’Asie et des Etats-Unis d’Amérique sont occultés… L’analyse vire à la farce! Après avoir étudié la situation de 92 pays en matière de lutte contre l’évasion fiscale, l’Union européenne n’en retient donc que 17 sur sa liste noire des paradis fiscaux. Parmi ces États dits « non-coopératifs » on trouve, entre autres, le Panama, la Tunisie, les Emirats arabes unis, Trinité et...

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Europe Is Booming, Except It’s Not

2017-11-07

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2017-11-07

Eurozone Gross Domestic Product, 1996 - 2017
European GDP rose 0.6% quarter-over-quarter in Q3 2017, the eighteenth consecutive increase for the Continental (EA 19) economy. That latter result is being heralded as some sort of achievement, though the 0.6% is also to a lesser degree. The truth is that neither is meaningful, and that Europe’s economy continues toward instead the abyss.

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Eurozone Crisis Is Back

2017-10-31

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2017-10-31

Euro
Gold will be safe haven again in looming EU crisis. EU crisis is no longer just about debt but about political discontent. EU officials refuse to acknowledge changing face of politics across the union. Catalonia shows measures governments will use to maintain control. EU currently holds control over banks accounts and ability to use cash. Protect your savings with gold in the face of increased financial threat from EU.

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Three Developments in Europe You may have Missed

2017-10-29

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2017-10-29

The focus in Europe has been Catalonia's push for independence and the attempt by Madrid to prevent it. Tomorrow's ECB meeting, where more details about next year's asset purchases, is also awaited. There are three developments that we suspect have been overshadowed but are still instructive. First, the ECB reported that its balance sheet shrank last week. With the ECB set to take another baby step toward the exit, many are seeing convergence,...

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Après les Panama Papers, enquête sur Malte, « paradis fiscal méconnu ». L’Express

2017-10-25

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2017-10-25

Daphne Caruana Galizia
l existe une armée « d’émigrés du fisc à Malte », dénonce un consortium de journalistes. Bouygues et Total figurent parmi les entreprises épinglées. Mediapart et le réseau European Investigative Collaborations (EIC) ont publié, vendredi, une longue enquête sur Malte et « les coulisses d’un paradis fiscal« .

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Les coulisses secrètes de l’Europe vues par Yannis Varoufakis.

2017-10-24

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2017-10-24

L’ancien ministre grec Yannis Varoufakis vient de sortir un livre, « Conversations entre adultes. Dans les coulisses secrètes de l’Europe (Les Liens qui libèrent, 530 pages, 26 euros) », dans lequel cet économiste anticonformiste relate son expérience de ministre des finances de sept mois, janvier-juillet 2015, dans le gouvernement d’extrême-gauche de Alexis Tsipras.

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France: Le déficit chronique de la balance des paiements.

2017-08-12

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2017-08-12

La libre-circulation des biens, des services, des revenus, des capitaux et des personnes , appelée les 4 L, est mesurée entre autres par la balance des paiements. Celle-ci décrit selon la Banque de France: « les échanges économiques entre la France et les autres pays. Elle apporte une grille de lecture de référence sur la situation de notre pays dans une économie mondialisée.

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Industrial Production: Irreführende Statistiken

2017-08-11

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2017-08-11

Germany Industrial Production, SA 1997-2017
Germany’s Federal Statistical Office (DeStatis) reported today disappointing figures for Industrial Production. The seasonally-adjusted series fell in June 2017 month-over-month for the first time this year, last declining in December 2016. The index had been on a tear, rising nearly 5% in the first five months of this year.

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Ecouter le silence des abstentionnistes!

2017-06-14

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2017-06-14

Elections
Les législatives françaises qui se sont tenues le 11 juin 2017 apportent la preuve que nous sommes bel et bien entrés dans une ère post-démocratique. Près de 52% ont refusé de se prêter au processus électoral. Pourtant ce silence crie des émotions et des opinions non relayés sur la place publique.

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Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS

2017-04-06

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2017-04-06

European Population vs. Total Europe Energy Consumption
The change in nations Core populations (25-54yr/olds) have driven economic activity for the later half of the 20th century, first upward and now downward. The Core is the working population, the family forming population, the child bearing population, the first home buying, and the credit happy primary consumer. Even a small increase (or contraction) in their quantity drives economic activity magnitudes beyond what the numbers would indicate.

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Economic Dissonance, Too

2017-03-04

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2017-03-04

Germany Industrial Production, SA 1997-2016
Germany is notoriously fickle when it comes to money, speaking as much of discipline in economy or industry as central banking. If ever there is disagreement about monetary arrangements, surely the Germans are behind it. Since ECB policy only ever attains the one direction, so-called accommodation, there never seems to be harmony.

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European Commission Offers 5 Scenarios

2017-03-03

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2017-03-03

Europe not dead
EC is committed to the future of Europe. Juncker presented five scenarios. Even if the populist-nationalist do not win the electoral contests, the national identity issues will continue to exert influence.

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Greece and the Return of the Repressed

2017-02-15

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2017-02-15

Don't expect a deal between Greece and its official creditors until late spring or early summer. Grexit is still not a particularly likely scenario. It was the European governments not Greece which put other taxpayers' skin in the game.

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Martin Armstrong: “EU in Disintegration Mode”

2017-02-11

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2017-02-11

Net migration into Germany, 2006 - 2015
Famous market forecaster Martin Armstrong wrote a recent article describing the current situation in Europe. Similar to our article, “Trouble Brewing in the EU”, the Armstrong's piece discusses growing discontent and fractures in the E.U. Martin Armstrong observes that,

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Expropriation and Impoverishment: “Capitalist” Greece and “Socialist” Venezuela

2017-02-07

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2017-02-07

Greek Debt
Yesterday I noted that not all assets will make it through the inevitable financial re-set. ( Which Assets Are Most Likely to Survive the Inevitable "System Re-Set"?) Those that are easy to expropriate will be expropriated, and those assets vulnerable to soaring taxes, inflation and currency devaluation will also be hollowed out.

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Great Graphic: French Premium over Germany Continues to Grow

2017-02-02

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2017-02-02

French Premium Over Germany Since 2014
European premiums over Germany typically increase in a rising interest rate environment. France's premium is at the most in two years. France is still set to turn back the challenge from Le Pen.

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Pressure on Greece Mounts, New Crisis Looms

2017-02-01

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2017-02-01

greece
Greece needs to implement its commitments in the next few weeks or it faces a new crisis. The more the government implements its commitments, the less public support it draws. New elections in Greece cannot be ruled out.

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France’s FN sets out unorthodox economic plans to support a euro exit

2017-01-31

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2017-01-31

France's National Front will combine the euro exit at the heart of its economic platform with a cocktail of unorthodox policies including money printing, currency intervention and import taxes, a top party official told Reuters. A key measure in the presidential platform National Front (FN) leader Marine Le Pen will unveil this weekend will be to break France's dependence on market financing by reserving the right to order the central bank to buy...

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ECB Assets Rise Above 36 percent Of Eurozone GDP; Draghi Now Owns 10.2 percent Of European Corporate Bonds

2017-01-31

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2017-01-31

ECB Corporate Sector
The ECB's nationalization of the European corporate bond sector continues. In the ECB's latest update, the six central banks acting on behalf of the Euro system provided an update on the list of corporate bonds they bought. They bought into 810 issuances with a total of €573bn in amount outstanding.

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These Are The 3 Main Issues For Europe In 2017

2017-01-21

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2017-01-21

What will the year ahead look like for Europe? 2017 will be another chapter in the European Union’s slow unraveling… a process that has been underway for over a decade. The EU is a union in name only. The transfer of sovereignty to Brussels was never total, and member states are independent countries… each with their own interests at stake.

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